Head of Valuation

Job Overview:
Our client, one of the dynamic life insurance companies in the country is looking for a Head of Valuation to join their team! This role manages the actuarial valuation function and performs actuarial reporting and analytical tasks while working closely with other functional units to help and provide support in the achievement of business targets.

This position is based in Makati City; under hybrid work arrangement.

Responsibilities:
- Prepares valuation results and summary of insurance provisions for recording in financial statements, in a timely, accurate, complete and consistent manner.
- Works on forecasting to help management in the setting of the company’s various KPI targets. Prepares periodic summaries and analyses of results on financial reports and presents such with explanations around drivers of business results.
- Analyzes the performance of the company versus competitors’ performance and collects appropriate and relevant data to update existing strategies or propose new plans to help the company improve performance and achieve set targets.
- Provides actuarial support to various units and committees of the company (e.g., Pricing Committee, Investment Committee, etc.).
- Conducts benchmarking and product comparison activities to analyze product competitiveness.
- Serve as a primary point of contact during the product pricing phase.
- Engages in the development and pricing of group prototype plans.
- Conducts pricing validation, viability, and profit testing for proposed products and product improvements.
- Manages regulatory submission and liaise with the Insurance Commission on new product approvals and improvements.


Qualifications:
- Bachelor’s degree in Mathematics, Statistics, or other relevant courses.
- At least 5 years life insurance or similar experience, with key focus on Actuarial Valuation.
- Must at least be an Associate of the Actuarial Society of the Philippines.
- Excellent verbal and written communication skills.
- Proficient in Microsoft Office applications.
- Proficiency in Prophet, a plus.


Other Details:
Job Category: Actuary
Job Type: Full Time
Job Location: Makati City
Workplace type: Hybrid