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Job Description
About the role
Join AIA Philippines’ team as a Product Portfolio Management Consultant (Actuarial Consultant). This full-time role is based in Makati City, Metro Manila and is integral to the organisation’s Actuarial function. You will provide strategic, analytical and technical support to the business, ensuring that AIA Philippines’ products and services meet the evolving needs of customers in the insurance and superannuation industry.
What you’ll be doing
Strategic Responsibilities:
Lead portfolio analysis on in-force products to provide management recommendations on potential updates to product design, processes and management in order to optimize company financials and reduce product risks and client complaints.
Provide valuable proposals/counterproposals to channel heads, Product Management Leads and Pricing Team regarding product design, positioning and target market to update available for sale products.
Lead reports on portfolio management and provide insights to management.
Assess product and fund suite and highlight and potential risks and issues
Responsible for communicating with head of Product/Pricing/Chief Actuary/Group Office/Exco, other internal stakeholders (PIC, operations, channel heads) and external stakeholders (Regulators Reinsurers, Auditors) product portfolio analysis on existing and in-force products.
Operational Responsibilities:
Ensure complete reports on product portfolio on key drivers including but not limited to persistency, product mix, fund mix, age-mix, and vitality status.
Lead Available-for-sale study on an annual basis. Coordinate with product management on market gap and pricing team on current financials.
Support operations, marketing and distributions on client concerns.
Provide recommendations and analysis on possible solutions on product portfolio issues.
Ensure consistency on process and system builds on old, existing and new products. Ensure update on all processes and builds to align customer experience.
Ensure documents on operations and system builds are completed timely and accurately.
Ensure monitoring of product specific risk areas
Responsible for fulfilment of all audit and control requirements and communication of projects assigned.
Review and approve ad hoc task results.
Handle simple demands from different channels.
What we’re looking for
Degree in Actuarial Science, Mathematics, Statistics or a related quantitative field
5+ years’ experience in an actuarial role within the insurance or superannuation industry
Fellowship of the Actuarial Society of the Philippines (FASP) or progress towards this designation
Strong technical and analytical skills, with the ability to interpret complex data and translate findings into actionable insights
Commercial acumen and strategic thinking to identify opportunities and drive product innovation
Excellent communication and stakeholder management skills to influence senior decision-makers
Collaborative mindset and ability to work effectively in a cross-functional team environment
What we offer
At AIA Philippines, we are committed to providing our employees with a rewarding and fulfilling career. In addition to a competitive salary, you will enjoy a range of benefits including:
Performance-based bonuses and incentives
Comprehensive health and life insurance coverage
Generous leave entitlements and flexible work arrangements
Opportunities for professional development and career advancement
Collaborative, inclusive and supportive work culture
About us
AIA Philippines is a leading provider of insurance and wealth management solutions in the Philippines. As part of the AIA Group, one of the largest independent publicly listed pan-Asian life insurance groups, we are dedicated to helping Filipinos live Healthier, Longer, Better Lives. With a history spanning over 70 years, we are committed to delivering innovative products and exceptional customer service to our growing client base.
Apply now to join our dynamic team and make a meaningful impact on the insurance and superannuation industry.
Salary
Urgently hiring
About Us
AIA Philippines is the largest life insurance company in the Philippines and the market leader for over 65 years. AIA Philippines offers an extensive line of products in the industry that provides solutions to various financial needs including life protection, health insurance, savings, education, retirement, investment, group and credit life insurance. AIA Philippines has the most extensive network of offices and sales agencies nationwide.
AIA Philippines is part of the AIA Group Limited, the largest independent publicly listed pan-Asian life insurance group in the world. It has main operating subsidiaries or branches in 17 markets in Asia Pacific – Hong Kong, Thailand, Singapore, Malaysia, China, Korea, Philippines, Australia, Indonesia, Taiwan, Vietnam, New Zealand, Macau, Brunei, a 92 percent subsidiary in Sri Lanka, a 26 percent joint-venture in India, and a representative office in Myanmar.
The business that is now AIA was first established in Shanghai over 90 years ago. It is a market leader in the Asia-Pacific region (ex-Japan) based on life insurance premiums and holds leading positions across the majority of its markets. It had total assets of US$147 billion as of 31 May 2013. Through an extensive network of agents and employees across Asia-Pacific, AIA serves the holders of more than 27 million individual policies and over 16 million participating members of group insurance schemes.
AIA Group Limited is listed on the Main Board of The Stock Exchange of Hong Kong Limited under the stock code “1299” with American Depositary Receipts (Level 1) traded on the over-the-counter market (ticker symbol: “AAGIY”).
AIA Philippines is the largest life insurance company in the Philippines and the market leader for over 65 years. AIA Philippines offers an extensive line of products in the industry that provides solutions to various financial needs including life protection, health insurance, savings, education, retirement, investment, group and credit life insurance. AIA Philippines has the most extensive network of offices and sales agencies nationwide.
AIA Philippines is part of the AIA Group Limited, the largest independent publicly listed pan-Asian life insurance group in the world. It has main operating subsidiaries or branches in 17 markets in Asia Pacific – Hong Kong, Thailand, Singapore, Malaysia, China, Korea, Philippines, Australia, Indonesia, Taiwan, Vietnam, New Zealand, Macau, Brunei, a 92 percent subsidiary in Sri Lanka, a 26 percent joint-venture in India, and a representative office in Myanmar.
The business that is now AIA was first established in Shanghai over 90 years ago. It is a market leader in the Asia-Pacific region (ex-Japan) based on life insurance premiums and holds leading positions across the majority of its markets. It had total assets of US$147 billion as of 31 May 2013. Through an extensive network of agents and employees across Asia-Pacific, AIA serves the holders of more than 27 million individual policies and over 16 million participating members of group insurance schemes.
AIA Group Limited is listed on the Main Board of The Stock Exchange of Hong Kong Limited under the stock code “1299” with American Depositary Receipts (Level 1) traded on the over-the-counter market (ticker symbol: “AAGIY”).
