Senior Pricing Manager

AIA Philippines; Makati; On-site; PHP 1,800,000 - 3,500,000; Full time

Job summary

AIA Philippines is seeking a senior Actuarial Pricing leader to drive financial aspects of product development and management projects. You will review filings, negotiate reinsurance when appropriate, and communicate pricing outcomes to product heads, regulators, and other stakeholders.

With at least seven years in actuarial roles and a near Fellow designation, you will guide the pricing team, ensure accuracy of models, and lead strategic pricing initiatives in a demanding insurance environment.

Qualifications

• College graduate with at least a bachelor’s degree related to Math/Statistics.
• Minimum of 7 years progressive experience in actuarial field with project management exposure.
• Associate of Society of Actuaries or equivalent; near Fellow status preferred.
• Applied actuarial knowledge and strong insurance operations understanding.
• Ability to communicate actuarial results to both heads and non-actuarial stakeholders.
• Negotiation and influence skills at a functional level.

Responsibilities

• Lead financial portion of product development and management projects with pricing feasibility and model accuracy.
• Review documents for product/reinsurance filing and approval; negotiate simple reinsurance when needed.
• Communicate pricing results and management matters with senior stakeholders and regulators.
• Ensure end-to-end timely completion of product development requirements and quality controls.
• Manage team performance, coach pricing staff, and meet KPIs.

Skills

Leadership

Stakeholder communication

Project management

Negotiation and influence

Actuarial pricing

Team coaching

Education

Bachelor's in Math/Statistics

Associate of Society of Actuaries

Near Fellow (FSA)

Job description

• 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
• 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)