Actuarial Reporting Manager

AIA Hong Kong and Macau; Philippines; On-site; PHP 900,000 - 1,500,000; Full time

Job summary

MediCard Phils., Inc. seeks an experienced actuarial professional to deliver actuarial services across the insurance business and financial control, including valuation calculations and statutory reporting.

You will analyze profitability by product line and distribution channel, tailor rates and premiums, and contribute to product development and underwriting policy while coordinating with regulators on solvency matters.

Qualifications

• Actuarial services across insurance business and financial control
• Valuation calculations
• Statutory reporting to regulators
• Risk assessment and premium setting
• Analysis by product group / distribution channel
• Report on profitability and portfolios
• Tailor rates and set premiums; assess policy costs
• Product development and underwriting policy advice
• Liaise with regulators on capital management / solvency

Responsibilities

• Actuarial services covering all aspects of the insurance business and financial control, including valuation calculations, statutory reporting, risk assessment and premium setting
• Prepare regular analyses and valuation calculations by product group / distribution channel in areas such as expenses and allowances, commission level
• Prepare statutory reporting to the regulatory authorities and management
• Report on functional strength, profitability and specific portfolios
• Involve in tailoring the rate and setting the premium of individual insurance policies, calculating risk assessment and recommending policy surrender values and costs of policy changes
• Develop insurance products, establish premiums and advise on underwriting policy
• Support distribution channels in areas such as special quotations and product training
• Liaise with regulatory bodies on matters involving capital management / solvency

Skills

Actuarial analysis

Valuation

Statutory reporting

Risk assessment

Premium setting

Product development

Underwriting policy

Quotations

Regulatory liaison

Job description

MediCard Phils., Inc. is one of the country's leading HMO and the only HMO founded and run by Doctors. Since its inception, the concept of service-oriented total health care has been the molding ideal of MediCard. The competition is vast, and the benefits being offered by the competitors are tempting. However, MEDICard has taken the lead in providing innovative and productive ideas that cut down the cost of health maintenance without compromising its quality. MediCard now boasts of more than half a million members and over 54,000 accredited doctors in over 1,000 hospitals and clinics nationwide. It also operates 16 MediCard free-standing clinics that provide services at par with those offered by hospitals minus the confinement. MediCard is currently looking for assertive, dynamic and energetic individuals to fill up the following vacancy:

• Responsible for providing actuarial services covering all aspects of the insurance business and financial control, including valuation calculations, statutory reporting, risk assessment and premium setting
• Prepare regular analyses and valuation calculations by product group / distribution channel in areas such as expenses and allowances, commission level
• Prepare statutory reporting to the regulatory authorities and management
• Report on functional strength, profitability, progress and specific portfolios
• Involve in tailoring the rate and setting the premium of individual insurance policies, calculating risk assessment and recommending policy surrender values and costs of policy changes
• Develop insurance products, establish premiums and advise on underwriting policy
• Support distribution channels in areas such as special quotations and product training
• Liaise with regulatory bodies on matters involving capital management / solvency

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. As the largest listed company on the Hong Kong Stock Exchange, we’ve been proudly making a difference for people and communities across Asia for over a century. And we build on this every day with our ambition to engage one billion people to live Healthier, Longer, Better Lives by 2030. If you work at AIA, you play an important part in this movement. Which is why we give you every opportunity to learn, grow and shape your career - your way. Inspiring and supporting you to thrive - not just at work, but in life. Believe in better with AIA. View our AIA LinkedIn page Bring your difference to AIA