Actuarial Consultant

AIA Shared Services; Manila; On-site; PHP 900,000 - 1,300,000; Full time

Job summary

AIA Shared Services in the Philippines seeks a Product Actuary/Pricing professional to support pricing, pricing modeling and product development. You will lead pricing projects, negotiate reinsurance, provide actuarial analysis for complex exercises and help file products with regulators.

Collaboration with product, pricing, chief actuary and other stakeholders is essential to delivering accurate results. A strong ASA qualification and 5 years of actuarial experience, including project

Qualifications

• Bachelor's degree in math/statistics with 5 years actuarial experience.
• At least 1 year of project management experience.
• ASA or equivalent actuarial qualification.

Responsibilities

• Lead simple pricing projects and ensure model accuracy.
• Negotiate reinsurance arrangements.
• Provide actuarial analysis for complex product/reinsurance pricing exercises.
• Prepare/Review documents for product/reinsurance filings and approvals.
• Communicate pricing results and product development matters with stakeholders.

Skills

Pricing

Modeling

Product development

Project management

Communication

Education

Bachelor's degree in math/statistics

ASA (Associate of Society of Actuaries)

Tools

Actuarial software

Job description

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. We need great Actuaries who want to be part of something bigger than finance alone. Because the better we can nurture our financial wellbeing as an organisation, the better we can support and make a difference for our customers when they need us most. By ensuring our products are well designed and priced, analysing business performance and ensuring proper management of insurance policies in-force, you're not just safeguarding AIA's financial wellbeing. You're securing a better future for the people and communities we serve - today, tomorrow and for generations to come. If that interests you, read on.

About the Role

Provide the Product Actuary/Pricing Professional the required support for pricing, modeling, product development

Roles and 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

Minimum Job Requirements

• 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 Build a career with us as we help our customers and the community live Healthier, Longer, Better Lives.

You must provide all requested information, including Personal Data, to be considered for this career opportunity. Failure to provide such information may influence the processing and outcome of your application. You are responsible for ensuring that the information you submit is accurate and up-to-date.

Better starts with people who reimagine what is possible and turn ideas into meaningful action. At AIA, you will contribute in your own way, help shape outcomes that matter and collaborate with colleagues across disciplines, teams, markets and levels. We will support you to broaden your perspective, strengthen your capabilities and grow your impact. Together, we challenge assumptions, learn from one another and find better ways forward. Bring your ambition, experience and ideas to AIA, and help shape what "better" looks like.

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