Actuarial Analyst
5 days ago
**Summary**:
The UW Actuarial Analyst will provide strategic, commercial, and underwriting advice by evaluating and managing underwriting risks associated with group medical policies.
**Main Responsibilites**:
- Carries out pricing calculations for proposed new tenders for the Group business, re-pricing of existing business, and review relevant documents in a timely manner, having regard to risks accepted and maintaining document quality.
- Recommends pricing that meets corporate profitability targets, including negotiated exceptions up to the level of delegated authority.
- Manages quotation process for reinsurance tenders and campaigns, and supports negotiations.
- Maintains case files of insurance products and scheme pricing decisions and assumptions.
- Computes results for appropriate premiums using actuarial information and other statistics;
- Keeps detailed and accurate records of policies underwritten and decisions made.
- Assures continuous technical profitability to risk carriers (insurance & reinsurance companies).
- Provides continuous and effective visibility to risk carriers on their portfolio status.
- Provides early warnings and issue recommendations on corrective measures.
- Collaborates with reinsurers, underwriting community of the group, programmers, local underwriters, accounts, claims experts, and senior management to help internal departments have best practices.
**Minimum Requirements**:
- Bachelor’s degree; Certification in Actuarial Science background preferred.
- 2+ years of related experience.
- Physically fit to carry out duties
- Fluency in MS Office (Excel, Word, Outlook, PowerPoint) and general internet navigation and research skills.
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