Senior Actuarial Analyst

UW & Pricing

Position: Senior Actuarial Analyst
Department: Underwriter & Pricing
Location: Chonburi, Thailand

Achieve target loss ratio for portfolio
Ensure premiums are sufficiently competitive to enable portfolio growth
Manage the renewal premium journey for existing customers to achieve retention targets
Determine the ultimate claims cost for the portfolio

Undertake regular pricing reviews (split by segments and rating factors) to suggest rate changes
Carry out the testing and deployment process for RADAR premium models
Build and maintain risk models (e.g. claim frequency and severity)
Build and maintain customer behavior models (e.g. conversion and retention)
Undertake analysis to quantify the effects of adding (or removing) rating factors
Undertake vehicle and postcode group allocation reviews
Support quantitative requests from other departments (e.g. marketing)
Support development of new products
Train and support actuarial analysts by sharing knowledge and experience
Review and approve work completed by actuarial analysts (e.g. rate reviews, risk models)
Propose changes to the new business rating process (both for existing factors and new factors)
Propose changes to the renewal rating process for existing customers
Propose changes to the testing and deployment process for RADAR premium models

Bachelor’s degree in a mathematical, actuarial, or other numerate subject
Communicates confidently in English in a business environment
Strong IT skills, including MS Excel
At least 2 years’ relevant work experience
Works logically and independently to break down and solve problems
Wants to learn new skills and will take on tasks that are outside of the job description