Pricing Officer

Job Purpose

Generates value to stakeholders by providing sound support in AXA's Product Pricing practice.

Critical Accountabilities

Key Result Areas

Major Activities

Output

Challenges and Risks

•  Product Pricing

•  Provides recommendations on assumptions appropriate for new products

•  Designs pricing models consistent with product features and assumptions

•  Recommends premium rates for new and existing products to pass AXA's product standards and profitability requirements

•  Provides technical support in product initiatives and campaigns

•  Provides assistance in product design changes for new products in order to support profitability requirements and product standards of AXA

•  Generates profitability and sensitivity results and analyzes key product risks

•  Production of reports for product profitability and assessment of key risks and sensitivities

•  Pricing models and premium rates consistent with regional standards

•  Product and policy values consistent with product design and regulatory standards

•  Documents and requirements for local regulatory product submissions

•  Re-pricing of existing products in order to maintain the profitability standards of AXA and manage emerging risks

•  Viability analysis templates for special campaigns

•  Calculation or proposal templates as basis for system calculations

•  Report metrics for the Annual Product Review

•  Product computation for Policy Servicing

•  Ensuring product assumptions are best estimates with full consideration of possible economic trends and distributor and policyholder behavior

•  Working with system limitations while remaining consistent with regulatory standards

•  Managing timelines even with consistent changes in product design and features due to discussions with key stakeholders

•  Product Management

•  Provides support on regular review of the profitability and key risks of products in AXA's portfolio and recommend if re-pricing or product pull-out is required

•  Provides support to Operations for Policy Servicing

Established in 1999, AXA Philippines is one of the largest and fastest growing life insurance companies in the country. It offers financial security to more than one million individuals through its group and individual life insurance as well as general insurance products through its subsidiary Charter Ping An.

AXA Philippines is one of the first to introduce bancassurance operations in the country, and is among the pioneers in the investment-linked insurance sector.

AXA now offers a complete range of products for all its customers' insurance and financial protection needs, including savings and investments, health plans, income protection, and health coverage; and through its general insurance subsidiary Charter Ping An Insurance Corporation\: fire, motor car, marine cargo, personal accident, bonds, casualty, and engineering insurance products.

AXA Philippines closed 2017 with P26.4 billion in total premium income and P5.7 billion in gross written premiums from Charter Ping An. Today, AXA has more than 4,000 financial advisers in 36 branches, and 700 financial executives in over 900 Metrobank and PSBank branches nationwide. Charter Ping An, on the other hand, has 22 branches nationwide and 2,007 agents.

AXA Philippines is a joint venture between the AXA Group, headquartered in France, and the Metrobank Group, one of the largest financial conglomerates in the Philippines.

The Metrobank Group is a conglomerate of industry-leading businesses that includes First Metro Investment Corporation, Metrobank Credit Cards, Federal Land, Toyota, and Manila Doctors Hospital. It was hailed Best Bank in the Philippines in 2010, 2011, and 2012 by Euromoney and recognized as the strongest bank in the Philippines by The Asian Banker in 2013. It is owned by the Ty Family whose major business interests include financial services, real estate development, power, and manufacturing.

A global leader in insurance and investments, AXA takes care of 103 million lives in 64 countries worldwide. We actively invest in pioneering and personalized solutions to meet your ever-changing needs and exceed your expectations. In the Philippines, we are in partnership with Metrobank, one of the country's strongest banks.

•  Passed at least two exams of a recognized actuarial institute

•  At least one year of work experience

•  Experience in asset-liability management, product pricing and development, economics, investments, and capital management

Personal Characteristics/Behaviors

Other Requirements

•  Analytical and problem solving skills and critical thinking

•  Able to collaborate effectively with multiple customers and/or colleagues outside own team structure

•  Excellent verbal and written English communication skills required (ability to communicate technical details in layman's terms)

•  Proficient in MS Office Applications

•  Background in Prophet Actuarial software