Senior Actuarial Manager

FWD Life Phils; Taguig; Hybrid; PHP 3,000,000 - 6,000,000; Full time

Job summary

FWD Life Philippines is seeking an experienced Senior Actuarial Manager for Pricing to lead pricing and prototyping of products, guiding them through approvals and launch readiness with the cross-functional product development team. You will build robust pricing models in Excel and Prophet, review distribution initiatives, and provide senior pricing support to ensure timely, accurate analyses.

This role mentors junior actuaries and requires IFRS17 knowledge and prior experience in a

Qualifications

• Pricing and actuarial experience in product development.
• IFRS17 knowledge and regulator liaison experience.
• Experience with pricing governance and cross-functional teams.

Responsibilities

• Justify pricing assumptions based on market and research.
• Build pricing models in Excel/Prophet and improve processes.
• Work with regulatory filings, pricing, and distribution channels.
• Provide UAT support for cross-functional product initiatives.
• Lead actuarial support for distribution requests and quotations.
• Prepare actuarial sections of Product Approval Reports and respond to questions.

Skills

Actuarial pricing

Pricing strategy

Statistical analysis

Regulatory liaison

IFRS17 knowledge

Team mentorship

Cross-functional collaboration

Education

Mathematics/Statistics/Actuarial Science degree

AASP/ASA designation

Tools

Prophet

Excel

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 visit fwd.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

Senior Actuarial Manager for Pricing

The Senior 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. He/she will also be responsible for senior pricing support to the Pricing actuary in driving speedy and thoughtful analyses in support of our product strategy. The lead will also be the primary point person for managing and reviewing distribution initiatives to support the company’s various channels. The Senior Actuarial Manager also liaises with Group Office counterparts and external consultants / auditors. On top of these, he/she may be assigned to mentor and peer review the work of junior members of the team.

1. Justify and recommend appropriate pricing assumptions based on experience reviews, market comparison, industry benchmarks, demographic studies, and other available research information
2. Build / modify robust and automated pricing models in excel/Prophet consistent with pricing standards and continuously improve processes as needed (i.e. worksheet efficiencies, streamlining manual processes, etc.)
3. Working knowledge on relevant local regulations on product filing, pricing, products, forms, illustrations and distribution channels
4. Actively participate and provide UAT support for cross-functional product initiatives
5. Lead and provide actuarial support to distribution requests such as compensation review, incentives assessment, and partnership quotations
6. Prepare relevant actuarial sections of the Product Approval Report, including the necessary documentation of assumptions, profit testing and sensitivity analysis, and be able to address questions from Group Office on product gates
7. Lead other special projects and perform adhoc tasks that may be assigned from time-to-time

Knowledge and Skills

• Graduate of Mathematics, Statistics, Actuarial Science, or similar courses
• Associate of the Actuarial Society of the Philippines (AASP) or Associate of the Society of Actuaries (ASA)
• At least seven years actuarial experience, preferably in pricing and strategy
• Experience in managing and liaising with regulator Prophet experience is highly preferred
• Demonstrated process improvement advocate
• Has knowledge of IFRS17 standards
• Has worked in a multinational insurance company

Privacy Notice

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