Actuarial Specialist

MediCard Phils., Inc.; Philippines; On-site; PHP 900,000 - 1,800,000; Full time

Job summary

MediCard Phils., Inc. is seeking an experienced actuarial professional to lead pricing projects, ensure model accuracy, and negotiate reinsurance arrangements. The role involves supporting complex pricing exercises and preparing product filing documents.

You will review deliverables, coordinate with product, pricing, chief actuary, regulators, and reinsurers, and ensure timely completion of development requirements. Strong communication with stakeholders is essential.

Qualifications

• Bachelor's degree in math/statistics or related field.
• 5 years of progressive actuarial experience, including at least 1 year in project management.
• Expertise in applied actuarial knowledge and insurance operations.
• Ability to effectively communicate actuarial results to heads and non-actuarial stakeholders.

Responsibilities

• Lead simple pricing projects and ensure accuracy of models used in pricing exercises.
• Lead negotiations for reinsurance arrangements.
• Provide actuarial support/analysis for complex pricing exercises.
• Prepare and review documents for product/reinsurance filing and approvals.
• Oversee end-to-end completion of product development requirements for Actuarial.
• Communicate pricing results and development matters with internal and external stakeholders.

Skills

Pricing

Actuarial analysis

Project management

Communication

Education

Bachelor's degree in math/statistics

Tools

Actuarial software

Job description

Roles and Responsibilities

• Lead simple pricing projects and ensure 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/counter proposals to channel heads 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 requirements of Actuarial; review product development deliverables for reasonableness and accuracy.
• Responsible for fulfillment 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.
• Review distribution channel compensation or campaign assessment results; communicate effectively with various channel heads proposals or counter proposals and results of assessments.

Minimum Job Requirements

• College graduate with at least Bachelor's degree related in math/statistics.
• 5 years of progressive experience in actuarial field, with at least 1 year project management experience.
• 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.