Senior Pricing Manager

EastWest Ageas Insurance; Taguig; On-site; PHP 1,200,000 - 2,400,000; Full time

Job summary

EastWest Ageas Insurance is seeking a seasoned actuarial product development professional in Metro Manila. The role focuses on reviewing designs, pricing, profitability analysis, and regulatory submissions while supporting distributors and back-office teams.

The candidate should have 3–5 years in life insurance product development, with progression in actuarial exams and strong project management skills to coordinate across operations, marketing, sales and systems.

Qualifications

• Bachelor degree in math, statistics, CS or economics.
• Progress with actuarial exams (FASP/ASA track)
• 3–5 years in life insurance product development.
• Strong project management with cross-functional coordination across ops, marketing, sales and systems.
• Preference for associates of AASP or ASA.

Responsibilities

• Monitor profitability, mix, lapse, expenses, claims and productivity of products.
• Develop pricing and prepare Insurance Commission documentation for approvals.
• Manage product approval process with the Insurance Commission.
• Support underwriters with tools for underwriting procedures across channels.
• Provide inputs to system specs and conduct UAT for new products.
• Interpret actuarial results to inform product development and distribution.

Skills

Project management

Cross-functional coordination

Analytical thinking

Education

Bachelor degree in math, statistics, CS or economics

Associate of the Actuarial Society of the Philippines (AASP) or ASA

Job description

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)