Actuarial Assistant Manager

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Role Details

Level: Assistant Manager

Department: Valuation And Research

Reporting Line: Actuarial Manager

Position Accountability Statement

Accountable for reviewing and analyzing on new and existing products for development and/or enhancement.

Responsibilities

• Process responsibilities include activities such as:
  • Work Unit Planning and Implementation: Task Assignment and Scheduling
  • Budget Allocation and Control
  • Problem-solving and Decision-making
  • Monitoring and Evaluating Results
  • Escalating issues and/or risks
• People Responsibilities Include Activities Such As
  • Developing Team and Individual Skills and Capabilities
  • Mentoring, Coaching and Job-shadowing
  • Engaging and Motivating employees
  • Rating Performance Reviews
  • Monitoring and providing feedback on day-to-day performance
  • Counseling and carrying out Disciplinary Activity

Job Description

• Collates data, analyzes and recommends data and procedures to be used for regular and ad hoc reports, and other actuarial studies
• Reviews and responds to queries and inquiries on new and existing products as escalated by staff
• Recommends finalization or revision of the submitted report
• Forwards finalized reports on existing products to the Manager for disposition
• Discussed with concerned departments and requisitioning body on new product be developed and finalizes new product design as a result of the monitoring
• Improves the draft submitted by the Actuarial Assistant / Actuarial Supervisor on product design and implementation
• Monitors and oversees automation projects of the team
• Collaborates with ICT or the Provider on automation projects affecting Actuarial Product Development Team
• Reviews, recommends changes or updates on departmental desk manual which includes policies, procedures, guideline, work instructions and process flow
• Reviews and recommends changes and improvement and guidelines for the team
• Participates during third party and in-house audit walkthroughs on regular reports

Duties And Responsibilities Done At Irregular Or Intermittent Intervals

• Collaborates with concerned departments and requisitioning body on new products to be developed and finalizes product design as a result of the meetings
• Reviews and forwards drafts of memoranda on new and existing products to Immediate Superior for comments, finalization and approval, send emails on these to all concerned departments
• Reviews and recommends responses on queries and inquiries on new and existing products to the Actuarial Supervisor / Actuarial Assistant for the as needed
• Conducts roll-out or product orientation on new and existing products
• Reviews, analyzes, resolves or escalates to Manager, AVP or VP any issues which may arise from the requested deliverable
• Reviews reports submitted by Supervisor and requests revision, if necessary

Job Specifications

• Skills
• Educational Requirements

Minimum Educational Level And Background Required By This Position

College Graduate of 4- or 5-year course, preferably Mathematics, Applied Mathematics or Statistics

Experience And Training

Period of time or length of related experience the candidate must acquire before being assigned to and perform the functions of this job satisfactorily under normal supervision

Supervision

Five (5) years to less than ten (10) years

Skills Requirement - Technical

Broad: INTEGRATION and coordination of activities within a SINGLE management area

Responsibility

ACCOUNTABILITY - ASSETS, CASH, EQUIPMENT. Value or Worth Of Company Assets (cash, checks, financial instruments, investments, tools, materials, machinery, equipment, and supplies) This position is accountable for

Assets Directly Accounted For

Laptop

Records And Documents Directly Accounted For

Shared Documents

Need For Supervision

Extent of work supervised or managed by the Immediate Superior; follow established procedures and refer unusual cases to superior

People Management

Number of subordinates this position directly supervises: 1 to 3

Contacts - Internal And External

Localized, Routine

Effort

Physical effort: Sitting, standing, walking, or equivalent

Mental Effort

Standardized problem solving across several areas; requires thinking to analyze problems and develop solutions

Work Conditions

Comfortable, most of the time in an air-conditioned, well-lit, clean, quiet environment

Safety and Exposure to Hazards

Exposure to hazards is infrequent and safety measures are in place

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