Actuarial Analyst

Responsibilities

• Develop insurance product costing model for each line of business.
• Improve pricing accuracy and minimize cross-subsidisation in order to achieve the target loss ratio.
• Ensure premium is sufficiently charged and remains competitive to enable a sustainable portfolio growth.
• Identify business opportunity and constantly enhance Underwriting rules.
• Optimize renewal pricing to improve the renewal experience.
• Keep abreast of latest pricing analysis methods/ knowledge and industry trends.

Job Duties

• Perform and initiate pricing reviews regularly to determine if there is a need of re-pricing by introducing new rating factors, rate changes and proposing remedial actions to ensure the sustainability and profitability of the product.
• Own and enhance existing reports monitoring loss costs, profitability and conversion rates.
• Support ongoing modelling developments to tackle emerging challenges e.g. natural catastrophe modelling.
• Run simulations to determine the potential impact of rate changes / pricing strategies on profitability.
• Design, run and monitor AB tests to validate net impacts of key pricing adjustments.
• Communicate technical findings effectively to get approval from key stakeholders.
• Support implementation of proposed rate changes and perform end to end testing on the implemented adjustments.
• Communicate with stakeholders across departments e.g. to support developments of new products, sales, or developers’ initiatives.
• Address issues and concerns raised by team members relating to pricing suggestions.

Requirements

• Bachelor’s degree in a mathematical, actuarial, economics or other numerate subjects
• Communicates confidently in English in a business environment
• Works logically and independently to break down and solve problems
• Up for picking up new skills and enjoys searching for ways to automate and work smarter
• Proficiency in MS Office and other computer application such as Radar, Python, SQL will be an advantage

Welfare

• Dental Insurance
• Life insurance
• Health insurance
• Accident insurance
• Health insurance ( cover spouse and children)
• Provident Fund ( Employer 5 %)
• Social Security
• Annual salary adjustment
• Training seminars
• Study loan ( Follow the policy)
• Uniform
• Baby birth gift 5,000 baht
• Funeral assistance
• Birthday gift set , Eat lunch pass probation.
• True money wallet 200 THB/month
• Annual Leave start from 12 days + Business leave 3 days
• Working 5 days per week
• Outing trip, Family trip or another activities.
• Party, TGIF, Coffee and Snack
• Etc.