Actuarial Supervisor

Maxicare Healthcare Corporation; Makati; On-site; PHP 900,000 - 1,200,000; Full time

Job summary

Maxicare Healthcare Corporation in Metro Manila is seeking an Actuarial Supervisor to oversee pricing activities within the Consumer Pricing Unit and to lead the Actuarial Analyst team for product pricing and medical utilization cost analyses.

The role includes onboarding and training Actuarial Analysts, validating data from Maxicare systems, and delivering pricing recommendations for new and renewing products to senior stakeholders in a timely manner.

Qualifications

• Preferably BS Mathematics, BS Statistics, BS Actuarial Science, BS Applied Mathematics, BS Economics, BS Computer Science, BS Data Analytics, BS Artificial Intelligence, or BS Electronics and Communication Engineering
• At least 2–4 years of actuarial experience in health, life, or general insurance.
• Knowledge in Google Applications (e.g. Gmail, Sheets, Slides, Docs) and MS Excel is required.

Responsibilities

• Supervise Actuarial Analyst
• Review reports and deliverables prepared by the Actuarial Analyst
• Onboard new Actuarial Analyst
• Track performance and quality of work of Actuarial Analyst
• Provide support for escalations
• Gather, validate, and analyze data from Maxicare system sources such as Utilization, Masterlist, Total Contract Value, LOA Issuance
• Price new products and provide recommendations for pricing to Superiors for validation and approval
• Communicate results to concerned departments
• Reprice / Renewal review of existing products and provide renewal recommendations
• Prepare required documents for regulatory compliance
• Handle special projects and other related functions as assigned
• Monitor Consumer Products and maintain pricing/quotation files

Education

BS Mathematics / BS Statistics / BS Actuarial Science / BS Applied Mathematics / BS Economics / BS Computer Science / BS Data Analytics / BS Artificial Intelligence / BS Electronics and Communication Engineering

Tools

Google Applications

MS Excel

Job description

POSITION TITLE: ACTUARIAL SUPERVISOR

Business Unit: Product Pricing - Consumer Pricing Unit

Reporting Line: Actuarial Supervisor

Position Accountability StatementAccountable for overseeing the deliverables and training of Actuarial Analyst, pricing of new products, preparation and analysis of Medical Utilization Cost (MUC) for products within the target date.

POSITION TITLE: ACTUARIAL SUPERVISORBusiness Unit: Product Pricing - Consumer Pricing UnitLevel: OfficerReporting Line: Actuarial SupervisorPosition Accountability StatementAccountable for overseeing the deliverables and training of Actuarial Analyst, pricing of new products, preparation and analysis of Medical Utilization Cost (MUC) for products within the target date.

Job Description

• Supervise Actuarial Analyst
• Reviews the reports and deliverables prepared by the Actuarial Analyst
• Responsible for onboarding of new Actuarial Analyst
• Tracks performance and quality of work of Actuarial Analyst
• Provide support for the resolution of escalations
• Gathering, validating, and analyzing the following data that can be accessed from Maxicare system sources:
• Utilization
• Masterlist
• Total Contract Value
• LOA Issuance
• Pricing of New Products
• Responsible for pricing of new products
• Provides recommendations and endorses the pricing to Superiors for validation and approval
• Communicates the results to the concerned departments
• Repricing/ Renewal Review of Existing Products
• Reviews and Analyzes the experience of Existing products
• Provides renewal recommendations and endorses the result to Superiors for validation and approval
• Communicates the results to the concerned departments
• Preparing required documents for regulatory compliance
• Reviewing, analyzing, computing and processing other requests such as:
• Special Accommodations for accounts
• Recovery accounts
• Ad Hoc, Special Projects, and other related functions that may be assigned by the Immediate Superior.
• Monitoring of Consumer Products
• Maintains and organizes pricing/quotation files and other documentations
• Handles the monitoring of assigned New and Existing Products regularly

STANDARD RESPONSIBILITY STATEMENTS

• Strives to embody, commits to support, and deliver the quality policy, objectives and initiatives of the organization;
• Communicates, engages, directs, and supports people to contribute to the Governance and Resilience effectiveness;
• Demonstrates commitment to customers by ensuring applicable statutory and regulatory requirements are determined, understood and consistently met;
• Abides by the Governance and Resilience policies and procedures for the effective management and control of its processes; and
• Promotes and utilizes the Process Approach and Risk-based Thinking at work.

EDUCATIONAL REQUIREMENT

• Preferably BS Mathematics, BS Statistics, BS Actuarial Science, BS Applied Mathematics, BS Economics, BS Computer Science, BS Data Analytics, BS Artificial Intelligence, or BS Electronics and Communication Engineering

Experience And Training

• At least 2–4 years of actuarial experience in health, life, or general insurance.

Skills Requirement

• Knowledge in Google Applications (e.g. Gmail, Sheets, Slides, Docs, Google Studio, etc)
• Knowledge in MS Excel is required