Senior Pricing Manager

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:

Actuarial product development

· 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.

Risk management

· 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)