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Job ID: 35260
Job Openings by Title Pricing Analyst
Location Japan
Position:	Pricing Analyst

Company:	Reinsurance

Location:	Japan

Job ID:		35260


- Lead pricing process from beginning to end on assigned quotes.
- Build pricing models for all significant new business treaties or re-pricing exercises for in-force treaties in accordance with the standard pricing model template approved for Japan.  
- Ensure assumptions to be used are in line with current approved pricing bases and with the latest Japan pricing manual.
- Peer and technical review of pricing quotes lead by other pricing actuaries, Japan.
- Prepare pricing summaries and proposals, obtaining underwriting and claims summaries, and approvals as necessary.
- Review treaty for consistency with pricing information.
- Understand and act on new Corporate or Divisional procedures and guidelines following discussion with the Director & Pricing Actuary. 
- Ensure proper filing of all quotation files, pricing procedures and pricing bases with due respect to client confidentiality, integrity of the pricing function, and the protection of the company’s pricing bases from competitors.
- Build reference library of information used in the quotation process for audit purpose.
- Analysis of data required for the derivation of Pricing Bases for each risk to be priced.
- Assist in the conduct of experience studies of quote specific client data or Japan business to ensure the Pricing Bases reflect the relevant experience where credible.
- Analysis of data required for the derivation of Pricing Bases for new products being added into the Japan Business Unit Mandate or for specific quotes.
- Undertake specific R & D projects as specified by the Director & Pricing Actuary.
- Maintenance of the Japan AXIS template to be used in all quotes and develop the model for any additional business included in the Japan mandate.
- Ensure issues / actions identified in periodic Pricing Audits are executed effectively.
- Prepare reports as requested by management.
- Participate in any staff training run for the purpose of pricing actuaries in the region.
- Ensure local and corporate human resource guidelines are followed.
- Maintain a work in progress list and discuss periodically with the Director & Pricing Actuary.
- Attend regular quote meetings with Japan marketing staff.
- Build working relationships with Japan marketing staff, as well as underwriting, claims, valuation, finance, and admin teams.
- Build working relationships with counterparts in client companies or competitors where possible.
- Build working relationships within the company across Asia, regional, Corporate, Divisional where possible.
- Support for any special projects for Corporate, Divisional or Japan.


- Bachelor’s degree in Mathematics, Statistics, Actuarial Science or a related field.
- Near or just completed Fellowship through IAJ or similar.
- Preferably a minimum of 5 years’ life insurance experience.
- Advanced AXIS and Excel Skills.
- Knowledge of Japanese Insurance products.
- Familiar with traditional reinsurance and pricing preferred.
- Good English language skills.
- Native level Japanese language skills.
- Good written and verbal skills.
- Ability to work independently and show initiative.
- Ability to effectively participate in, and help foster, a team based work environment.
- Ability to understand and analyze client and population data in order to be able to set suitable pricing assumptions.

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