Senior Pricing Manager (Insurance)

Monroe Consulting Group; Eastern Visayas; On-site; PHP 2,000,000 - 3,200,000; Full time

Job summary

Monroe Consulting Group Philippines is seeking a Senior Actuarial Manager to lead pricing, product management, valuation, and reinsurance. You will provide actuarial insights, risk assessments, and regulatory oversight to drive profitability and growth.

The role requires strong pricing, valuation, and analysis capabilities, experience with pricing models, reinsurance structures, and collaboration across stakeholders to ensure sustainable product performance.

Qualifications

• Pricing experience relevant to new and existing products.
• Strong pricing, valuation, and analysis capabilities.
• Familiarity with emerging technologies.

Responsibilities

• Recommend pricing assumptions for new products.
• Create and maintain pricing models aligned with features.
• Review pricing actions for profitability and standards.
• Generate profitability and sensitivity analyses.
• Prepare pricing documents for Insurance Commission approvals.
• Prepare calculators for sales illustrations and product reviews.
• Interface with key stakeholders as needed.

Skills

Pricing

Valuation

Risk analysis

Product pricing

Reinsurance management

Leadership

Job description

Senior Actuarial Manager - Philippines

Position Overview

Lead actuarial activities across pricing, product management, valuation, and reinsurance to support strategic business objectives and sustainable growth.
Provide critical actuarial insights, risk assessments, and regulatory compliance oversight that drive product profitability and organisational performance.

Key Responsibilities

• Recommends assumptions for new products considering digital-first nature of operations
• Create and maintain pricing models aligned with product features and assumptions
• Review and recommend pricing actions for new and existing products that are within standards and profitability requirements (considers customer sentiments and the market competitor landscape)
• Generate profitability and sensitivity results and analyse key product risks
• Prepares standard pricing documents required for product approvals with the Insurance Commission
• Prepares calculators used for sales illustrations in relation to new products / product reviews for submission to the Insurance Commission
• Interface with key stakeholders as the need may arise

Product Management

• Assists in product development during product design, risk management, and implementation until product launch
• Provide support and guidance on the regular review of the profitability and key risks of products in the portfolio and recommend if re-pricing or product pull-out is required
• Provide support to Operations for policy servicing
• Prepare, design, and validate tools used in underwriting and Distribution Models
• Provide technical support in various distribution and marketing initiatives and campaigns
• Reinsurance management and optimisation
• Recommend reinsurance structures for new and existing products
• Manage reinsurers by testing new structures and challenging provided rates maximise and maintain above standard solvency ratio
• Manage the production and handling of accountabilities and recoverable on reinsurance ceded on the company's business

Experience Studies and Valuation

• Monitor experience against actuarial pricing assumption and conduct annual experience reviews
• Responsible for monthly production of claims report
• Responsible for the regular creation of valuation and relevant financial adjustments as required

Key Requirements

Qualifications & Experience

• Relevant pricing experience

Technical / Functional Expertise

• Strong overall technical pricing, valuation and analysis capabilities
• Familiarity with key and emerging technologies
• Experience in product pricing, product management, valuation, reinsurance management, experience studies, and risk analysis

Soft Skills & Leadership Competencies

• Continuous improvement mindset
• Excellent interpersonal skills and the ability to work with a culturally and ethnically diverse workforce
• Demonstrated responsiveness to internal and external clients