Actuarial Manager - Pricing

FWD Insurance; Taguig; On-site; PHP 900,000 - 2,000,000; Full time

Job summary

FWD Life Philippines is seeking an Actuarial Manager for Pricing to lead pricing and prototyping of products, guiding them toward approvals and launch readiness. You will collaborate with cross-functional teams, conduct experience studies, and support strategic actuarial initiatives.

The role also involves reviewing channel initiatives and campaigns, responding to stakeholder questions, and mentoring junior actuaries. A strong actuarial background and leadership mindset are required.

Qualifications

• Proven ability to develop pricing and costing models using data-driven assumptions.
• Strong written and verbal communication for cross-functional reporting.
• Support and mentor junior team members and drive actuarial initiatives.

Responsibilities

• Price products and prototype pricing structures for approvals.
• Collaborate with product, finance, and risk teams to implement pricing.
• Conduct experience studies and provide actuarial support for strategic projects.
• Review channel initiatives and campaigns affecting pricing and profitability.

Skills

Problem Solving

Communication

Innovation

Education

Mathematics/Statistics/Actuarial Science

Actuarial Society of the Philippines - Associate

Job description

About FWD Group

FWD Group (1828.HK) is a pan-Asian life and health insurance business that serves over 40 million customers across 10 markets, including BRI Life in Indonesia. FWD’s customer-led and tech-enabled approach aims to deliver innovative propositions, easy-to-understand products and a simpler insurance experience. Established in 2013, the company operates in some of the fastest-growing insurance markets in the world with a vision of changing the way people feel about insurance. FWD Group is listed on the Hong Kong Stock Exchange under the stock code 1828. For more information, please visit www.fwd.com

About FWD Life Philippines

FWD Life Insurance Corporation (FWD Life Philippines) launched its commercial operations in September 2014. As of end-2022, FWD Life Philippines ranks 3rd and 6th in terms of Paid-up Capital(1) and New Business Annual Premium Equivalent(2), respectively.

For more information, please visitfwd.com.ph.

1 www.insurance.gov.ph > Statistics > Life > 2022 > Based on Paid-Up Capital

2 www.insurance.gov.ph > Statistics > Life > 2022 > Based on New Business Annual Premium Equivalent

Job Purpose:

The Actuarial Manager for Pricing performs pricing and prototyping of products assigned to him/her, and helps see them through to approvals, implementation and readiness to launch by collaborating with the cross-functional product development team. The role is also expected to conduct experience studies and to provide actuarial-related support to various strategic projects of the company. The role will also review channel initiatives, campaigns, customer requests, user acceptance testing, and other ad hoc projects. On top of these, he may be assigned to mentor and peer review the work of junior members of the team.

Education & Certification:

• Graduate of Mathematics, Statistics, Actuarial Science, or similar courses
• At least associate of the Actuarial Society of the Philippines

Experience:

• At least 3-4 years actuarial experience, preferably in pricing
• Has preferably worked in a multinational insurance company

Technical Competencies/Skills:

• Problem Solving: Develop pricing and costing models and the needed assumptions based on available data
• Communication: Clear communicator, both oral and written, in product reports, responding to Group questions, and in regular interactions with collaborators in a cross-functional team
• Innovation: Support special company initiatives that help change the way people feel about insurance

Privacy Notice

Your privacy is a priority for FWD. The Company keeps your personal information with us in confidence. To know more about how we process your information, kindly refer to our FWD Recruitment Privacy Notice.

FWD has partnered with Talocity Instasolutions Private Limited (“Talocity”) to manage the initial filtering of candidate’s profiles through video interviews, social profile mapping, and video analytics using artificial intelligence engine that is offered within the Talocity platform. The platform evaluates the candidate on the five well-known dimensions as per OCEAN Personality Model that influence occupational success and help understand workplace behavior. For more information, please refer to Talocity Privacy Policy.

When you apply, FWD will share your name, phone number and email address to Talocity to contact you and conduct the initial screening and profiling process. Shortlisted candidates will then be contacted by FWD for the face-to-face interview.