Senior Manager, Pricing

AIA; Philippines; On-site; PHP 1,200,000 - 2,000,000; Full time

Job summary

AIA Philippines is seeking a Product Actuary/Pricing Professional to support pricing, modelling, product development and management. You will lead pricing initiatives, review documentation for product and reinsurance filings, and communicate results to actuarial heads and other stakeholders.

Additionally, you will manage end-to-end product development, supervise the pricing team, and mentor staff to ensure accuracy and financial viability of insurance products.

Qualifications

• Bachelor’s degree in Math/Statistics or related field.
• Minimum 7 years progressive experience in actuarial field.
• Associate of Society of Actuaries or equivalent; near Fellow.
• Expertise in applied actuarial knowledge and insurance operations.
• Ability to communicate actuarial results to heads and non-actuarial stakeholders.

Responsibilities

• Lead pricing/financial portion of product development and management projects.
• Review documents for product/reinsurance filing and approval.
• May lead negotiations for simple reinsurance arrangements.
• Communicate pricing results and product development matters with stakeholders.

Skills

Communication skills

Pricing/actuarial modeling

Team leadership

Negotiation

Education

Bachelor’s degree in Math/Statistics

Associate of Society of Actuaries or equivalent

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)

Build a career with us as we help our customers and the community live Healthier, Longer, Better Lives.

You must provide all requested information, including Personal Data, to be considered for this career opportunity. Failure to provide such information may influence the processing and outcome of your application. You are responsible for ensuring that the information you submit is accurate and up-to-date.