Actuarial Manager
On-siteMakati, Cagayan Valley, Republic of the Philippines
Job Summary
Provide actuarial services covering all aspects of the insurance business and financial control, including valuation calculations, statutory reporting, risk assessment, and premium setting. Prepare regular analyses and valuation calculations by product group or distribution channel, specifically for expenses, allowances, and commission levels. Submit statutory reports to regulatory authorities and management while reporting on functional strength, profitability, and specific portfolios. Tailor rates and set premiums for individual insurance policies by calculating risk assessment, recommending policy surrender values, and analyzing costs of policy changes. Develop insurance products, establish premiums, and advise on underwriting policies while supporting distribution channels with special quotations and product training. Liaise with regulatory bodies on matters involving capital management and solvency.
Required Qualifications
- Responsible for providing actuarial services covering all aspects of the insurance business and financial control, including valuation calculations, statutory reporting, risk assessment and premium setting
- Prepare regular analyses and valuation calculations by product group / distribution channel in areas such as expenses and allowances, commission level
- Prepare statutory reporting to the regulatory authorities and management
- Report on functional strength, profitability, progress and specific portfolios
- Involve in tailoring the rate and setting the premium of individual insurance policies, calculating risk assessment and recommending policy surrender values and costs of policy changes
- Develop insurance products, establish premiums and advise on underwriting policy
- Support distribution channels in areas such as special quotations and product training
- Liaise with regulatory bodies on matters involving capital management / solvency
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