Senior Manager, Pricing

AIA Shared Services; Manila; On-site; PHP 1,800,000 - 3,600,000; Full time

Job summary

AIA Shared Services in Manila is seeking a seasoned Actuary with leadership in pricing and product development. You will drive pricing strategies, analyze financial viability, and coordinate with product, channels, and regulators to ensure accurate models and timely filings.

Successful candidates will have 7+ years actuarial experience, professional credentials (ASA or near Fellow), and strong communication and negotiation skills to influence cross-functional teams.

Qualifications

• Bachelor's degree in Math/Statistics required.
• Minimum of 7 years progressive actuarial experience.
• Associate of Society of Actuaries or equivalent; near Fellow status preferred.
• Strong actuarial modelling knowledge and pricing expertise.
• Ability to communicate actuarial results to non-actuarial stakeholders.
• Proven negotiation and influencing skills.

Responsibilities

• Lead pricing, modelling, product development and management initiatives.
• Provide pricing strategies and financial viability analyses for products.
• Review documents for product/reinsurance filing and approval; negotiate simple reinsurance.
• Communicate pricing results to heads of Product/Pricing/Actuary and other stakeholders.
• Coach and guide the Actuarial Pricing Team to meet KPIs.

Skills

communication

negotiation

actuarial knowledge

stakeholder management

Education

Bachelor's degree in Math/Statistics

ASA or near Fellow

Job description

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. We need great Actuaries who want to be part of something bigger than finance alone. Because the better we can nurture our financial wellbeing as an organisation, the better we can support and make a difference for our customers when they need us most. By ensuring our products are well designed and priced, analysing business performance and ensuring proper management of insurance policies in-force, you’re not just safeguarding AIA’s financial wellbeing. You’re securing a better future for the people and communities we serve - today, tomorrow and for generations to come. If that interests you, read on.

About the Role

Provide the Product Actuary/Pricing Professional the required support for pricing, modelling, product development and management

Strategic Responsibilities

Lead financial portion of product development and management projects: Provide valuable proposals/counterproposals to channel heads and product management leads regarding product design, positioning, financial viabilities and ensure the accuracy of models being used for pricing exercise. Review of required documents for product/reinsurance filing and approval May lead negotiations for simple reinsurance arrangements. 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 and management matters with respect to products/projects being led.

Operational Responsibilities

Responsible for end-to-end timely completion of all assigned product development and management requirements of Actuarial; review product development and management deliverables for reasonableness and accuracy Responsible for fulfilment of all audit and control requirements and communication of projects assigned. Review and approve ad hoc task results; lead pricing strategic initiatives. Handle simple demands from different channels.

People Management Responsibilities

Manage the overall performance of the team to deliver and meet the KPIs agreed. Coach and provide guidance to Actuarial Pricing Team

Minimum Job Requirements

• College graduate with at least bachelor’s degree related in Math/Statistics
• Minimum of 7 years progressive experience in actuarial field; experience in project management and exposure to people management
• Minimum qualification is an Associate of Society of Actuaries or equivalent; near Fellow.
• Expertise in applied actuarial knowledge and ample understanding of insurance operations/environment.
• Can effectively communicate actuarial results to actuarial heads and other non-actuarial stakeholders.
• Ability to negotiate and influence (to some level)

"Better" starts with people who reimagine what is possible and turn ideas into meaningful action. At AIA, you will contribute in your own way, help shape outcomes that matter and collaborate with colleagues across disciplines, teams, markets and levels. We will support you to broaden your perspective, strengthen your capabilities and grow your impact. Together, we challenge assumptions, learn from one another and find better ways forward. Bring your ambition, experience and ideas to AIA, and help shape what “better” looks like.