Job Summary
SompoRe seeks a Pricing Actuary for its Singapore reinsurance office to price treaty reinsurance business across multiple lines, collaborating closely with underwriting teams to support decision-making and ensure accurate, risk-reflective pricing.
Responsibilities
- Price Property, Casualty, and Specialty reinsurance treaties in the APAC region.
- Collaborate with our underwriters to analyze exposure and market dynamics for informed pricing decisions.
- Communicate key pricing factors clearly during underwriting roundtable discussions.
- Prepare comprehensive pricing documentation adhering to industry best practices and internal standards.
- Calibrate actuarial model assumptions and parameters, such as trends, rate changes, and exposure curves, to reflect current market conditions.
- Support internal audits, validation, and review processes as needed.
- Guide interns on reinsurance fundamentals and pricing methodologies to build team capability.
- Execute ad hoc projects as assigned to address emerging business needs.
Required competencies and certifications
- Strong mathematical or statistical background: Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or related fields.
- Fellow or Associate status with a recognized actuarial society, or actively progressing toward it.
- Minimum of 3 years’ experience in APAC reinsurance pricing.
Preferred competencies and qualifications
- Strong verbal and written communication skills, ability to translate technical concepts into accessible language and willingness to engage constructively with other teams.
- Demonstrated sound professional judgment and high attention to detail with a proactive approach to continuous improvement.
- High proficiency in Microsoft Excel. Programming skills is an advantage.
- Effective workflow management and ability to meet deadlines consistently.
Other Information
SompoRe is the global reinsurance division of Sompo, a leading property and casualty insurance group in Japan. As a leading global provider of reinsurance, we recognize that our success is derived directly from our people. At SompoRe, a shared commitment to integrity, teamwork, agility, execution and excellence define our culture, and we strive to create exceptional value for our clients and shareholders and maintain SompoRe as a desirable place to work.