Actuarial Senior Manager

  • Taguig City, Metro Manila
  • Permanent
  • Full-time
  • 11 days ago
THE COMPANY Singlife's purpose is to democratize access to meaningful financial protection. Our unique business model uses the smartest technologies to put you in control of your finances, by providing tools and solutions that fit your needs, your budget, and are always on hand. A start-up in a long-standing industry, the company has showed how combining new technologies with life insurance makes it possible for people to manage their finances more effectively and efficiently. Singlife is growing at an exceptional rate driven by a growing portfolio of partnerships with platforms like GCash, where we make our meaningful insurance propositions more accessible to the wider market. JOB OVERVIEW Our company is growing rapidly and is looking to fill the role of financial accounting and reporting officer role. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don't fill all of the qualifications, you may still be considered depending on your level of experience. RESPONSIBILITIES & DUTIES Product Pricing Recommends assumptions for new products considering digital-first nature of Singlife Philippines' 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 Singlife Philippines' standards and profitability requirements (considers customer sentiments and the market competitor landscape). Generate profitability and sensitivity results and analyze 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 Singlife Philippines' 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 Singlife Philippines' Distribution Models Provide technical support in various distribution and marketing initiatives and campaigns Reinsurance management and optimization Recommend reinsurance structures for new and existing products Manage reinsurers by testing new structures and challenging provided rates to maximize 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 QUALIFICATIONS Relevant pricing experience Continuous improvement mindset and familiar with key & emerging technologies Strong overall technical pricing, valuation and analysis capabilities Excellent interpersonal skills and the ability to work with a culturally and ethnically diverse workforce Demonstrated responsiveness to internal and external clients Show more Show less

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