Senior Pricing Manager

EastWest Ageas Insurance; Taguig; Sur place; PHP 1 000 000 - 1 800 000; Plein temps

Résumé du poste

EastWest Ageas Insurance seeks an experienced actuarial professional to review product designs, assess profitability, and support reinsurance negotiations. You will monitor experience and market conditions, recommend product changes, and provide technical pricing support across distribution channels and back-office functions.

Key duties include leading development of profitable life and health products, preparing ICA documentation, and managing the product approval process with regulators.

Qualifications

• Bachelor's degree in math, statistics, computer science or economics.
• Committed to qualifying as FASP and progress with actuarial exams.
• 3–5 years in life insurance product development, with both individual and group products preferred.
• Project management skills and ability to coordinate across operations, marketing, sales and systems.

Responsabilités

• Review designs and assumptions of profitable products and support fair reinsurance talks.
• Assess profitability and risk of products in the portfolio amid market changes.
• Provide technical support to distributors and back-office staff, including pricing tools and special computations.
• Support development of profitable new generation life and health products.
• Prepare Insurance Commission documentation for product approval and manage the approval process.

Formation

Bachelor's degree in math, statistics, computer science or economics

Description du poste

Overall purpose, duties and responsibilities of the role:

You will be responsible for reviewing recommended designs and assumptions of profitable products, supporting negotiations for fair reinsurance arrangements, seeking regulatory approval; and supporting effective delivery of system solutions. You will also be responsible for on-going assessment of profitability and risks of products in the portfolio in consideration of emerging experience and market conditions; and recommend and implement product changes to address key issues, if any.

You will also be responsible for providing technical support to distributors and back-office support employees, which includes group pricing support, request for special computations, advisory function, among others.

Other Responsibilities:

• Support EWA in leading the development of profitable new generation life and health products
• Product pricing and the preparation of Insurance Commission documentation for approval of new products
• Manage product approval process with the Insurance Commission
• Support Underwriters by providing the tools to implement the underwriting procedures necessary for various distribution channels and products.
• Provide inputs to systems specifications and conduct UAT for the implementation of new and revised products
• Interprets the financial implications of actuarial results to the product development and distribution channels.
• Assess the experience of group business and recommend rates to achieve the desired level of profit.
• Ensure sound product design avoids unwarranted risk factors
• Asset liability management particularly with regard to interest rate sensitive offerings
• Support negotiations for a fair reinsurance arrangement to keep risks within the company's risk appetite.

Experience review

• Monitors product profitability, mix, lapse, expense, claims, productivity and other experience; and recommend product changes to address key issues, if any;

Technical Support

Provide technical support to distributors and back-office support to employees

Essential Skills / Qualifications:

• Bachelor (4-year) degree, with a math, statistics, computer science or economics major
• Committed to qualifying as FASP and have demonstrated progress with the actuarial exams
• 3 to 5 years exposure to life insurance product development, preferably with experience in both individual and group products
• Project management skills and ability to co-ordinate contributors from operations, marketing, sales and systems departments
• With strong preference for candidates with who are at least an associate of the Actuarial Society of the Philippines (AASP) or Society of Actuaries (ASA)