Actuarial Consultant

AIA Philippines; Makati; On-site; PHP 781,200 - 1,004,400; Full time

Job summary

A leading insurance company in Metro Manila is seeking an experienced Actuary to lead pricing projects and ensure model accuracy. The role involves providing technical support for complex pricing exercises and communicating with various stakeholders. Candidates must have a Bachelor’s degree related to math/statistics, at least 5 years in actuarial roles, and hold an Associate of Society of Actuaries. This position offers the opportunity to manage product development and uphold audit requirements.

Qualifications

• College graduate with a degree in math or statistics.
• 5 years of progressive experience in the actuarial field.
• Minimum qualification as an Associate of Society of Actuaries.

Responsibilities

• Lead pricing projects and ensure model accuracy.
• Provide technical support for product pricing.
• Review product development and management deliverables.

Skills

Applied actuarial knowledge

Communication with non-actuarial stakeholders

Actuarial software expertise

Education

Bachelor’s degree related to math/statistics

Associate of Society of Actuaries

Job description

Responsibilities

• Lead simple pricing projects and ensure the accuracy of models being used for pricing exercise. Lead negotiations for reinsurance arrangements
• Provide actuarial technical support/analysis for more complex product/reinsurance pricing exercises
• Provide valuable proposals/counterproposals to channel heads and product management leads regarding product design, positioning, financial viabilities;
• Preparation/Review of required documents for product/reinsurance filing and approval
• Responsible for end-to-end timely completion of all product development and management requirements of Actuarial; review product development and management deliverables for reasonableness and accuracy
• Responsible for fulfilment of all audit and control requirements and communication of projects assigned
• Responsible for communicating with head of Product/Pricing/Chief Actuary/Group Office, other internal stakeholders (PIC, operations, channel heads) and external stakeholders (Regulators Reinsurers, Auditors) pricing results and product development matters with respect to products/projects being lead
• Review and approve adhoc task results; handle simple demands from different channels

Qualifications

• College graduate with at least Bachelor’s degree related in math/statistics
• 5 years progressive experience in actuarial field, with at least 1 year project management experience
• Minimum qualification is an Associate of Society of Actuaries
• Expertise in applied actuarial knowledge and ample understanding of insurance operations/environment; Expertise in actuarial software
• Effectively communicate actuarial results to actuarial heads and other non-actuarial stakeholders