Senior Actuarial Pricing Lead – Strategy & Distribution

FWD Insurance; Philippines; On-site; PHP 2,000,000 - 2,600,000; Full time

Job summary

FWD Life Philippines is seeking a Senior Actuarial Manager for Pricing to lead pricing and prototyping of products, driving approvals and readiness to launch with the cross-functional product development team. You will provide senior pricing support to the Pricing actuary, collaborate with Group Office, mentor juniors, and manage distribution initiatives.

Experience with Prophet and IFRS17 is preferred; regulator liaison is required.

Qualifications

• Justify and recommend pricing assumptions based on experience reviews, market comparison, industry benchmarks, demographic studies, and other available research information
• Build/modify robust pricing models in Excel/Prophet consistent with pricing standards and continuously improve processes
• Working knowledge on relevant local regulations on product filing, pricing, products, forms, illustrations and distribution channels
• Actively participate and provide UAT support for cross-functional product initiatives
• Lead and provide actuarial support to distribution requests such as compensation review, incentives assessment, and partnership quotations
• 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
• Lead other special projects and perform adhoc tasks that may be assigned from time-to-time

Responsibilities

• Justify and recommend pricing assumptions based on experience reviews and market data.
• Build and refine pricing models in Excel/Prophet to meet pricing standards.
• Ensure compliance with local regulations on product filing and distribution.
• Participate in UAT for cross-functional product initiatives.
• Provide actuarial support to distribution requests including compensation reviews and quotations.
• Prepare actuarial sections of the Product Approval Report and respond to Group Office inquiries.
• Lead special projects and adhoc tasks as needed.

Skills

Pricing strategy

Regulatory liaison

IFRS17 knowledge

Process improvement

Cross-functional collaboration

Education

AASP or ASA certification

Actuarial science background

Tools

Prophet

Excel

Job description

FWD Life Philippines is seeking a Senior Actuarial Manager for Pricing to lead pricing and prototyping of products, driving approvals and readiness to launch with the cross-functional product development team. You will provide senior pricing support to the Pricing actuary, collaborate with Group Office, mentor juniors, and manage distribution initiatives.

Experience with Prophet and IFRS17 is preferred; regulator liaison is required.