Actuarial Analyst

7 days ago

Ayala Alabang, National Capital Region, Philippines Insular Life Assurance Co., Ltd. Full time ₱900,000 - ₱1,200,000 per year

JOB PURPOSE:

The Actuarial Analyst will develop products that meet the criteria of adequacy, equity, profitability and competitiveness, conduct studies that will validate experience factors on pricing assumptions, conduct viability analysis of distribution compensation packages, conduct viability analysis of company's initiatives in the short-term and long-term and assist in the conduct of other studies needed by the Company in order to support its operational and decision-making processes.

PRINCIPAL ACCOUNTABILITIES:

  • Develops products that are competitive, marketable and meet corporate objectives.
  • Conducts studies (e.g. mortality, expense, persistency, interest rate trends, VUL charges trends) as basis for establishing assumptions used in pricing products.
  • Conducts viability analysis of compensation packages.
  • Conducts viability analysis of company's initiatives in the short-term and long-term.
  • Provides support in the conduct of other studies needed by the Company.
  • Provides actuarial / technical support to other units in setting up systems and procedures for the Company's products and services.
  • Develops actuarial models to support the above requirements.

THE IDEAL CANDIDATE FOR THE ROLE:

  • Must be a graduate of Actuarial Science, Mathematics or Statistics.
  • With knowledge in any of the following computer programming and Microsoft applications – R, Python, SQL, VBA, Excel Macro, MS Power Apps, Power Automate, Dashboard programs, etc.
  • Familiar with any actuarial modeling software such as Prophet, Axis, etc.
  • Must be willing to work in Alabang, Muntinlupa.

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