Actuarial Specialist (Pricing)

Overview

  • Develop pricing models in Excel and Prophet
  • Check/review policy contracts, forms, sales illustrations for correctness and compliance with regulations
  • Do product write-up for Product Approval Report (actuarial sections)
  • Answer queries of Group Actuarial on product pricing
  • Conduct actuarial experience studies
  • Develop costing worksheets for distribution compensation and benefits, commission-related items (e.g. conference, contests)
  • Prepare product filing with the InsComm

Responsibilities

  • Have knowledge in understanding or developing projection models for new and inforce products in Excel; able to write macro programs;
  • Can code these projection models in Prophet;
  • Have excellent written communication skills required to prepare commentary for monthly and quarterly actuarial or finance reports;
  • Has an understanding of concepts relating to VNB, and factors (actuarial and non-actuarial) that drive VNB.

Skills & Experience Required

  • Have proficiency in creating/developing pricing models for new products in Excel; able to write macro programs
  • Have proficiency in setting pricing assumptions; able to rationalize assumptions through experience review, market comparison and culling of industry experience/assumptions
  • Have knowledge to perform a reasonable review of forms, contracts, sales illustrations
  • Have experience in product submission to the IC
  • Can carefully review/make corrections to Product Gate submissions prepared by Product Management team
  • Have experience in conducting Experience Studies (e.g. Expense Analysis, Withdrawal Experience Study, etc.)
  • At least 1 year experience in Product Pricing
  • Proficient in Excel; background in Prophet very favourable
  • One (1) exam away from Associateship, or a new Associate of the Actuarial Society of the Philippines
  • Preferably worked with a multinational life insurance co.
  • Willing to work in Bonifacio Global City, Taguig, Philippines.

Apply Now

Interested parties may send their full résumés with current and expected salary, education, and working experience to Human Resources Department.

Email: careers.ph@fwd.com

Address: Human Resources, 19/F W Fifth Avenue Building, 5th Avenue corner 32nd Street,

Bonifacio Global City, Taguig City 1634, Philippines