AVP, Head of Pricing

AVP, Head of Pricing page is loaded## AVP, Head of Pricinglocations: Philippines - BGC Taguigtime type: Full timeposted on: Posted Todayjob requisition id: JR- **About FWD Group**FWD Group (1828.HK) is a pan-Asian life and health insurance business that serves approximately 34 million customers across 10 markets, including BRI Life in Indonesia. FWD’s customer-led and tech-enabled approach aims to deliver innovative propositions, easy-to-understand products and a simpler insurance experience. Established in 2013, the company operates in some of the fastest-growing insurance markets in the world with a vision of changing the way people feel about insurance. FWD Group is listed on the main board of the Hong Kong Stock Exchange under the stock code 1828.For more information, please visit**About FWD Life Philippines**FWD Life Insurance Corporation (FWD Life Philippines) launched its commercial operations in September 2014. As of end-2022, FWD Life Philippines ranks 3rd and 6th in terms of Paid-up Capital(1) and New Business Annual Premium Equivalent(2), respectively.For more information, please visit fwd.com.ph.1 > Statistics > Life > 2022 > Based on Paid-Up Capital2 > Statistics > Life > 2022 > Based on New Business Annual Premium EquivalentThe AVP Head of Pricing leads the actuarial pricing function, ensuring that product pricing is competitive, compliant, and aligned with FWD’s customer-led and digitally enabled strategy. The role is responsible for developing pricing models, setting assumptions, and coordinating with cross-functional teams to launch new and enhanced life insurance products that reflect FWD’s mission to “celebrate living.1. Strategy and Framework Development* Serving as a key advisor, identify and direct enterprise-wide strategy projects and oversee execution of related deliverables for the financial technology market* Lead cross-functional teams in developing and implementing strategic roadmaps, managing key interviews, leading workshops, and conducting industry research through secondary and primary resources* Act as the primary team interface with various levels of client executives up to and including C-Level2. Pricing Implementation and Coordination* Manage pricing strategy, processes, systems, and reporting* Ensure effective adoption of pricing guidelines* Coordinate with subsidiaries and other departments to plan and implement new pricing on core products and new features.3. Lead a team that will own the following responsibilities:* Gather and analyze information on market trends and industry competitors* Identify and analyze factors that influence customers’ capacity and willingness to purchase, including economic conditions, market trends, pricing, and availability of similar products, and more* Identify and analyze the ideal packaging value mix for a portfolio of management services, and payment processing capabilities* Develop and present business cases for new monetization strategies* Prepare market forecast reports focused on conditions that are likely to affect pricing and sales of products* Work with functional teams and groups to achieve product-related metrics such as economic and non-economic assumptions specifically and profitability as well as resilience generally.* Provide estimate of IFRS 17 items and profitability projections for different product mixes, operating results and scenarios.* Do other pricing-related activities as directed by Chief Actuary, Chief Finance Officer and Group Office**Experience:*** At least an **Associate of the Actuarial Society of the Philippines (AASP)** or **Associate of the Society of Actuaries (ASA)** is expected.* **Fellowship status** (FASP or FSA) is highly desirable, especially for senior leadership roles.* Familiarity with **IFRS 17**, local regulatory frameworks, and actuarial modeling tools (e.g., Prophet) is also a strong advantage* At least 6-7 years actuarial experience* Proficient in Excel/macro programming; background in Prophet very favorable* At least an Associate of the Actuarial Society of the Philippines (Senior Associate preferred with at least 7 years working experience, has worked with a multinational life insurance co.* Proficiency in creating/developing pricing models for new products in Excel; able to write macro programs* Proficiency in setting pricing assumptions; able to rationalize assumptions through experience review, market comparison and culling of industry experience/assumptions* Knowledge to perform a reasonable review of forms, contracts, sales illustrations* Experience in product submission to the IC; can maintain good communication lines/correspondence with IC Actuarial.* Can carefully review/make corrections to Product Gate submissions prepared by Product Management team* Experience in conducting Experience Studies (e.g. Expense Analysis, Mortality, Persistency, Withdrawal Experience Study, etc.)**Privacy Notice**Your privacy is a priority for FWD. The Company keeps your personal information with us in confidence. To know more about how we process your information, kindly refer to our FWD Recruitment Privacy Notice.FWD has partnered with Talocity Instasolutions Private Limited (“Talocity”) to manage the initial filtering of candidate’s profiles through video interviews, social profile mapping, and video analytics using artificial intelligence engine that is offered within the Talocity platform. The platform evaluates the candidate on the five well-known dimensions as per OCEAN Personality Model that influence occupational success and help understand workplace behavior. For more information, please refer to .When you apply, FWD will share your name, phone number and email address to Talocity to contact you and conduct the initial screening and profiling process. Shortlisted candidates will then be contacted by FWD for the face-to-face interview.
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