Actuarial Consultant

AIA Philippines; Makati; On-site; PHP 600,000 - 1,000,000; Full time

Job summary

AIA Philippines is seeking an experienced actuarial professional to lead pricing projects and oversee product development and reinsurance pricing exercises in the Manila area.

You will work with product, channels, and leadership to design financially viable products, prepare filing documents, and ensure audit/compliance completion across projects.

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.

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

Skills

Actuarial knowledge

Communication

Education

Bachelor’s degree in math/statistics

Tools

Actuarial software

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
• 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