Business Acquisition & Development Actuarial Consultant

About the Position

Hannover Re – as one of the world’s leading reinsurers, we provide coverage for the risks of yesterday, today and tomorrow. Our strength? Connecting Power: Within our global team of around 4,000 colleagues, we bring together knowledge, perspectives and a strong sense of responsibility. We rely on one another, challenge ourselves and continuously develop both our services and our products. Whether working with risk calculation models, developing digital tools or creating pragmatic solutions for our clients: here, you can contribute your expertise and actively shape what comes next. Sounds good? Get to know us as a reliable employer and find your place with us.

We are currently hiring a Business Development Actuary to join the Life & Health team in our Malaysian Branch. This role is responsible for marketing, product and pricing related enquiries in driving sustainable business development in Japan. Ensure quotation sign off, treaty preparation and signoff for compliance. Be responsible for in-force portfolio management/business performance review / best estimate assumption analysis.

Responsibilities

Financial Responsibilities

• To write sustainable business, understanding clients’ needs to identify business opportunities, the design and technical pricing of both insurance products and reinsurance solutions, the direct negotiation of terms and conditions with clients; creating alignment in terms of company strategies between insurance clients and Hannover Re; building and maintaining relationships between insurance clients and Hannover Re and perform the technical in-force management.

Marketing, Product and Pricing

• To analyse and assess the client needs and expectations in order to customise reinsurance solution that meets the objective
• To support product, pricing and services development by communicating, and negotiating reinsurance conditions with the clients and prospects in compliance with internal guidelines and regulations with appropriate documentation and sign off procedures
• To ensure proper documentation by maintaining up to date records of all reinsurance marketing, product and pricing including, but not limited to signed quotation documents, client correspondences and opportunities tracking.
• To ensure timely and proper handling of general clients’ queries on reinsurance solutions related issues
• Be the key responsible person for the entire quotation process and introduce process enhancement or automation whichever is relevant.

Treaty Administration

• To ensure reinsurance agreements (treaties and addendums) are properly in place including agreements preparation, communication with clients, official signoff, documentation and tracking.
• To provide administration support on treaties, actuarial calculation bases and system related issues in accordance with treaty administration guidelines,
• To support technical accounting team to deliver necessary communications to reinsurance administration staff of client companies or to improve data quality and quantity for appropriate analysis.

Business Performance Review

• To interact with Valuation, Data Management, Data Analytic teams for actuarial analysis, budget plan, forecast, SII PVFP, to keep improving annual results, forecast and budget process,
• To conduct experience analysis exercises, pricing reviews, product conditions reviews and provide recommendations for revised terms for existing treaties in accordance with internal guidelines and with appropriate documentation and sign off procedures to ensure adequate feedback through an effective control cycle.

Requirements

• Minimum 5 years in Life insurance or reinsurance industry.
• Bachelor's degree in Actuarial Science, Mathematics, Statistics, Finance, Economics, or a related quantitative field preferred.
• Professional qualified (FSA, ASA, FIAJ or equivalent) is preferred.
• Strong technical actuarial skill
• Communication skill
• Problem solving skill
• Analytical skill
• Good command of the English language, both spoken and written.

We Offer

• Be part of a global team of around 4,000 colleagues
• Opportunity to contribute your expertise and shape the future
• Professional development opportunities

About the Company

We are #somewhatdifferent – people with their own stories, experiences, and career paths. Everyone is welcome! Apply with just one click on the “Apply now“- button and become part of our diverse team!

More on our work environment, your entry opportunities and development prospects can be found at www.hannover-re.com/en/career.

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