Actuarial Manager - Actuary, MoneeInsure

Monee; Manila; On-site; PHP 1,800,000 - 3,000,000; Full time

Job summary

Monee seeks a senior actuarial professional to support end-to-end actuarial operations for its Life business. You will lead valuation of liabilities, pricing analysis, regulatory reporting, and business planning initiatives while ensuring compliance with statutory and group standards.

You will collaborate with product, legal, finance, and IT teams, mentor junior staff, and drive advanced actuarial projects including IFRS 17 implementation and risk management.

Qualifications

• Bachelor's degree in actuarial science or related field required.
• Associate or near-Associate with at least three preliminary exams completed.
• Minimum of 5 years in the insurance industry.
• Well-versed in local regulatory requirements related to pricing and valuation.

Responsibilities

• Regular valuation of policy and claims reserves per local statutes and group standards.
• Prepare detailed reserve reports with documented assumptions and methods.
• Ensure timely and accurate reserve calculations and related reporting.
• Contribute to product pricing, regulatory filings, UAT, and technical reviews.
• Lead pricing initiatives across lines and collaborate with cross-functional teams.
• Provide actuarial insights for business planning, forecasting, and decision making.
• Document methodologies and maintain robust controls and governance.

Education

Bachelor's Degree

Associate or near-Associate with 3+ preliminary actuarial exams (SOA/CAS/ASP)

5+ years of insurance industry experience

Regulatory knowledge of RBC framework and pricing requirements

Job description

About Monee

Monee is a leading digital payments and financial services provider in Southeast Asia, with a growing presence in Latin America. Its mission is to better the lives of individuals and businesses in the region with financial services through technology.

Monee delivers a comprehensive range of digital financial products and services, including mobile wallets, payment processing, credit, banking, and insurtech. By leveraging technology and strategic partnerships, Monee aims to drive greater digital financial inclusion, convenience, and accessibility for individuals and small businesses across Southeast Asia and Latin America.

Monee is part of Sea Limited, a global technology company.

The role supports end-to-end actuarial operations by providing technical support for valuation, pricing, and reporting for the Life business while ensuring the accuracy and consistency of actuarial data and outputs. This role focuses on operational execution and cross-functional coordination to support business initiatives. The role is expected to collaborate closely with cross-functional teams in delivering various aspects of actuarial work.

The role is expected to provide technical guidance to junior team members and is expected to provide strategic business decisions and support management reporting. The role leads more complex actuarial initiatives such as IFRS 17 implementation, business planning, risk management and capital planning, and innovative product development while ensuring compliance with statutory and group reporting requirements. This role provides advanced actuarial insights to support strategic decision-making and is expected to be a subject matter expert in various aspected of actuarial work while collaboratin closely with cross-functional teams.

Valuation of Liabilities:

Perform regular valuation of policy and claims reserves in accordance with local statutory requirements and group reporting standards.

Assist in preparing detailed reserve reports with documentation of assumptions, methodologies, and results.

Ensure the accuracy, consistency, and timeliness of reserve calculations and assist in preparing related reports and analyses. Also need to ensure that proper result and process documentations are in place.

Pricing and product development:

Contribute to the product development process through pricing analysis, regulatory filing preparation, user acceptance testing (UAT), and technical review of product documents.

Support the development of pricing models and profitability assessments for various insurance products and distribution lines.

Assist in reviewing experience studies, claims patterns, and pricing assumptions for new and existing products.

Lead or support pricing initiatives across various lines of business by developing and reviewing rate structures, pricing assumptions, and profitability projections.

Coordinate with product development, legal, and operations teams to ensure actuarial alignment in product launch.

Regulatory Reporting:

Prepare and compile actuarial exhibits and fulfill regulatory actuarial submissions (e.g., reserve certification, solvency reports).

Ensure compliance with guidelines from the Insurance Commission and actuarial practice standards.

Prepare and validate all regulatory actuarial reports and statutory submissions to ensure compliance with the Insurance Commission (IC) and actuarial professional standards.

Respond to queries from regulators, auditors, and group risk functions related to actuarial findings.

Business Planning and Forecasting:

Provide actuarial inputs for the annual business plan and financial forecasting processes.

Conduct variance analysis and sensitivity testing to support business decisions and performance reviews.

Develop and support long-term financial projections, embedded value analysis, and scenario modeling for strategic planning purposes.

Monitor actual experience against forecast and provide variance analysis and actionable insights.

Cross-functional Collaboration:

Maintain strong working relationships with other departments such as Business Development, Underwriting, Claims, Risk, Finance, and IT.

Actively participate in cross-functional projects involving pricing, strategy, product innovation, and data initiatives.

Communicate and present actuarial findings, insights, and recommendations to senior local and regional stakeholders in a clear and actionable manner.

Documentation and Controls:

Ensure robust documentation of actuarial methods, models, assumptions, and results to support transparency and audit readiness.

Follow and help enhance internal controls and governance procedures related to actuarial processes.

Mentorship and Technical Leadership:

Provide guidance and technical review support to junior actuarial staff.

Promote continuous improvement in actuarial methodologies, documentation standards, and process efficiency.

Bachelor's Degree

Associate or near-Associate of a recognized actuarial body (SOA, CAS, or ASP), with at least three preliminary exams completed

With at least 5 years experience in the insurance industry

Well-versed in local regulatory requirements related to pricing and valuation (e.g. RBC framework, product approval process, market conduct guidelines)

In-depth knowledge of the local insurance market, including pricing and actuarial product development across multiple lines of business.

Comfortable presenting actuarial results and updates to cross-functional stakeholders and management.