Pricing Analyst

You desire impactful work.

You're RGA ready

RGA is a purpose-driven organization working to solve today's challenges through innovation and collaboration. A Fortune 500 Company and listed among its World's Most Admired Companies, we're the only global reinsurance company to focus primarily on life- and health-related solutions. Join our multinational team of intelligent, motivated, and collaborative people, and help us make financial protection accessible to all.

A brief overview
Responsible for pricing reinsurance opportunities in accordance with corporate and divisional pricing standards and the Korean pricing manual. To assist in the marketing of RGA Korea as required by the marketing team. Other main responsibilities include the development of pricing bases, the analysis of experience and assistance with research and product development opportunities.

What you will do

• Build pricing models where required for new business treaties in accordance with the standard pricing model templates approved for RGA Korea
• Oversee maintenance of the RGA Korea AXIS template to be used in all quotes and develop the model for additional business included in the RGA Korea mandate
• Ensure assumptions to be used are in line with current approved pricing bases
• Ensure proper filing of all quotation files, pricing procedures and pricing bases. Build reference library of information used in the quotation process for audit purposes
• Assist in the derivation and approval of Pricing Bases for each coverage type permitted in the Korean Business Unit Mandate
• Work with the marketing team to understand client's reinsurance needs and product development requirements and in obtaining the necessary information from clients in order to quote. Propose to the Chief Pricing Actuary for signoff how RGA should differentiate its pricing from one client to the next
• Conduct or supervise experience studies of the company's business to ensure the Pricing Bases reflect the branch's own experience where credible
• Use Divisional templates and guidelines, or gain approval to use modified templates to ensure that offers and negotiations reflect Divisional standards and protect RGA's interests and are in accordance with the RGA Korea treaty approval and sign off processes. Provide sign off on all offers made for quotations worked on

Qualifications

• Bachelor's Degree in Arts/Sciences (BA/BS) in Mathematics, Finance, Statistics, Actuarial Science or similar
• 3+ years life insurance experience or relevant similar experience post university
• Advanced Excel skills
• Good English language skills
• Ability to effectively participate in, and help foster a team-based work environment
• Ability to work independently and to show initiative
• Ability to understand and analyse client and population data to set suitable pricing assumptions
• Knowledge of Asian Life Insurance products and Insurance markets
• Good working knowledge of AXIS or similar pricing or projection software
• Previous reinsurance pricing experience
• Experience in database software
• ASA - Associate of the Society of Actuaries or similar or progress being made towards

What you can expect from RGA:

• Gain valuable knowledge from and experience with diverse, caring colleagues around the world.
• Enjoy a respectful, welcoming environment that fosters individuality and encourages pioneering thought.
• Join the bright and creative minds of RGA, and experience vast, endless career potential.