Pricing Actuary, ANZ

As a Pricing Actuary, you will be supporting the ANZ Retail, Group and FinSol reinsurance propositions. You are required to deliver high-quality work to support objectives of the ANZ pricing team and broader ANZ strategic initiatives.

Key duties and responsibilities

Main Scope

• Price reinsurance business for SCOR Australia and New Zealand treaties with focus on Retail, Group and FinSol business.
• Support regular portfolio performance reviews and analysis delivering actionable insights.
• Preparation of pricing reports for the Head of Pricing to review.
• Support delivery of SCOR Global Life Australia (SGLA)’s client requirements on a continual basis, including providing insight into client queries and presenting solutions in achieving their objectives.
• Ensure pricing basis and its implementation conforms with SCOR Global Life pricing guidelines and local Pricing Policy.
• Support maintenance and enhancement of the existing pricing models.
• Support specific ad hoc projects as determined by Head of Pricing.

Research

• Conduct research and analysis that supports and enhances the pricing guidelines as well as assistance with new product development.
• Remain abreast of market, regulatory and economic environment affecting the Australian and New Zealand markets.

Relationships

• Able to work closely within a small team and maintain good relationships with the marketing team as well as the Appointed Actuary, regional and group pricing teams.
• Work closely with Underwriting and Claims teams especially around product design.
• Work closely with Valuation team in understanding financial results and drivers to deliver on SGLA strategy.
• Able to maintain good relationships and communicate effectively with clients.
• Perform peer and technical reviews for work completed across the team.
  

Required experience & competencies

Experience
• Qualified actuary with minimum of 5 years working experience in an insurance/reinsurance business.
• Related pricing experience in either group risk or individual risk pricing either for an insurer or reinsurer.
• Able to work in a small team environment.
• Pricing experience including completing experience analysis, setting assumptions, product enhancements and profitability analysis.
• Experience of using Microsoft Office (Outlook, Excel, Access, PowerPoint).
• Experience of Actuarial projection software (e.g. PROPHET) and other relevant software tools ie Python.

Personal Competences
• Excellent communication and interpersonal skills.
• Excellent analytical skills and time management skills.
• Solutions focused team player.
• Flexible “can do” attitude with strong interest in career and skill development.
• Risk focused - disciplined and reliable.
• Customer focused – would be able to communicate / present clearly to customers by phone, emails and in person.
• No standing on ceremony - happy to do whatever needs to be done to achieve success.
• Fun, driven to deliver and with a good sense of humour!