Key duties and responsibilities

Inforce Management

 Monitor the experience for IFRS17 perspectives.

- Monitor the claims variances and long-term lapse & loss ratio assumptions from IFRS17 perspectives

- Analyze the variance between pricing assumptions and actuals

 Manages the Repricing exercise according to the materiality

- Evaluate the triggers for full repricing or simplified approach

- Repricing new from exiting business triggered by simplified approach

 Report the Deep-Dive Experience Analysis based on Seriatim data

- Sum Assured, Product revision, Risk rate revision, UW, Reinsurance conditions etc.

 Monitor the experience based on official and interim SOA for timely detection

Assumption Management

 Annual BEs update for enhancement for Valuation and Pricing

- Review and update the lapse & loss ratio assumptions and IBNR

- Proactive review to minimize the experience variances

- Prepare the report of BE updates (overall portfolio, Line of Business, expert judgement)

 Prepare the test of Type 2 conversion for IFRS17 in Korea from assumptions view (, if any)

Financial result analysis

 Support to explain the experience variance from business perspectives

Others

 Any duties required

Required experience & competencies

Experience:

·        Minimum 3 years of data analysis in Insurance industry experience.

Personal Competences:

Essential :

·        Excellent skills in one or more database management system (e.g., MS-SQL, Oracle, SAS)

Desirable :

·        Excellent verbal and written communication skills in English and Korean.

·        Solid analytical skills with strong problem-solving ability.

·        Must be able to work effectively independently and as part of a team.

Required Education

Bachelor’s Degree in Mathematics, Statistics, Finance or Accounting or equivalent combination of education and experience.