The Associate Actuary – Pricing is responsible for supporting the timely completion of the pricing process according to SCOR methods and key controls for all assigned deals. Key transactional processes include assumption development, actuarial model development, model runs and sensitivities, the generation of clear and thorough supporting documentation, and performing peer reviews.
Assess and develop pricing assumptions focused on mortality, persistency, sales mix, and net amount at risk.Consider potential risks inherent in proposed transactions and assumptions and help determine risk mitigation strategies.Develop actuarial models, including liability population cells, data tables, and other structures essential for the proper pricing of life reinsurance.Generate model runs and sensitivities; verify the accuracy and reasonability of metrics; analyze and quantify the impact of changes in assumptions, methodologies, premium structures, etc.<...