Job Descriptions
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
Job Duties
- 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
Requirements
- 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
Benefits
- Annual Leave start from 12 days
- Bonus
- Party, TGIF, Coffee and Snack
- Outing trip, Family trip or another activities
- Health Insurance & Dental Insurance
- Health Insurance for family
- Life Insurance
- Provident Fund
- Training
- Computer
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