Actuarial Consultant

AIA Philippines; Makati; On-site; PHP 600,000 - 900,000; Full time

Job summary

AIA Philippines is seeking an actuary to lead pricing initiatives and provide technical support for complex pricing exercises. You will collaborate with product management, pricing heads, channels, regulators, and reinsurers to position products effectively.

The role emphasizes end-to-end product development, audit/compliance, and clear communication of pricing results to stakeholders, ensuring modeling accuracy and timely filings.

Qualifications

• Lead pricing projects and ensure accuracy of pricing models.
• Provide actuarial technical support for complex pricing exercises.
• Prepare proposals and counterproposals regarding product design and pricing viability.

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

Job description

• 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