Actuarial Analyst-1

AIA Hong Kong and Macau; Philippines; On-site; PHP 500,000 - 900,000; Full time

Job summary

MediCard Phils., Inc. is seeking a capable actuarial professional to join our team. The role covers valuation calculations, statutory reporting, risk assessment and premium setting for our insurance business.

You will prepare analyses by product group, support regulatory authorities, and liaise with distribution channels and insurers. The successful candidate will contribute to product development and underwriting policy, aligning with our objective of delivering value to members.

Qualifications

• Actuarial services for insurance business including valuation and reporting.
• Experience with premium setting and risk assessment.
• Ability to prepare statutory reports for regulators and management.

Responsibilities

• Provide actuarial services covering valuation calculations and premium setting.
• Prepare regular analyses by product group / distribution channel.
• Prepare statutory reporting to regulatory authorities and management.
• Report on profitability, risk, and policy portfolios.
• Assist in underwriting policy and product development.
• Liaise with regulators on capital management / solvency.

Skills

Actuarial analysis

Risk assessment

Valuation calculations

Regulatory reporting

Education

Bachelor's degree in Actuarial Science

Job description

MediCard Phils., Inc. is one of the country's leading HMO and the only HMO founded and run by Doctors. Since its inception, the concept of service-oriented total health care has been the molding ideal of MediCard. The competition is vast, and the benefits being offered by the competitors are tempting. However, MEDICard has taken the lead in providing innovative and productive ideas that cut down the cost of health maintenance without compromising its quality. MediCard now boasts of more than half a million members and over 54,000 accredited doctors in over 1,000 hospitals and clinics nationwide. It also operates 16 MediCard free-standing clinics that provide services at par with those offered by hospitals minus the confinement. MediCard is currently looking for assertive, dynamic and energetic individuals to fill up the following vacancy:

• Responsible for providing actuarial services covering all aspects of the insurance business and financial control, including valuation calculations, statutory reporting, risk assessment and premium setting
• Prepare regular analyses and valuation calculations by product group / distribution channel in areas such as expenses and allowances, commission level
• Prepare statutory reporting to the regulatory authorities and management
• Report on functional strength, profitability, progress and specific portfolios
• Involve in tailoring the rate and setting the premium of individual insurance policies, calculating risk assessment and recommending policy surrender values and costs of policy changes
• Develop insurance products, establish premiums and advise on underwriting policy
• Support distribution channels in areas such as special quotations and product training
• Liaise with regulatory bodies on matters involving capital management / solvency

At AIA we’ve started an exciting movement to create a healthier, more sustainable future for everyone. It's about finding new ways to not only better people's lives, but to better the communities and environments we live in. As the largest listed company on the Hong Kong Stock Exchange, we’ve been proudly making a difference for people and communities across Asia for over a century. And we build on this every day with our ambition to engage one billion people to live Healthier, Longer, Better Lives by 2030. If you work at AIA, you play an important part in this movement. Which is why we give you every opportunity to learn, grow and shape your career - your way. Inspiring and supporting you to thrive - not just at work, but in life. Believe in better with AIA. View our AIA LinkedIn page Bring your difference to AIA