
Pricing Manager
5 days ago
The role is critical for handling retail lines pricing while also supporting all partnership requirements for pricing and quotation specific to motor partnerships and residential banca products.
The role is also expected to support the business development side for any partnerships from the Partnerships Team, Affiliates, Alternative Channels and Emerging Customers including the portfolio monitoring and reporting of partnership performance to the management.
Specific Pricing Mandates:
- Establish technical rates for motor and residential lines
- Design commercial rates which factors regulatory restrictions and market context to ensure competitiveness of rating structures
- Develop and maintain pricing models on an end-to-end basis from data preparation, reconciliation, exploratory data analysis, feature engineering, modeling and rate calculations
- Develop and maintain standard rates and partnership/group rates for motor and residential
- Drive the adaption of quotation tools to ensure proper use and implementation of standard rating structures
- Provide regular portfolio reports and analysis including recommendations on how to improve overall profitability of motor and residential
- Regularly review and update loss models to strengthen model accuracy and predictive power
- Drive the collection of new information for motor and residential to improve segmentations using more customer-related information
Other mandates related to governance:
- Support organization and facilitation of the Technical Working Group and GI Technical Committee meetings
- Facilitate discussions to strengthen pricing controls and governance to ensure consistency of rating used on both new business and renewals
- Provide support on annual Strategic Planning exercise pertaining to expected loss ratios for motor and residential
- Drive regular market scanning of competitor rates which will serve as a benchmark for commercial pricing exercises
To be successful:
1. Minimum of 4 years experience in non-life actuarial function on pricing and/or reserving for both retail and commercial lines
2. Associate/near Associate of the Actuarial Society of the Philippines and Casual Actuarial Society (highly preferred)
3. Strong background in predictive analytics/modelling including use of statistical modeling tools such as R, Python and SQL
4. Proven ability to engage and support business units particularly the Underwriting and Distribution teams with emphasis on pricing and portfolio management
5. Experience in handling team on technical development, coaching and workload management and the ability to handle multiple projects at the same time
About the companyAxa SA is a French multinational insurance firm.
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