Head of Corporate Actuarial and Pricing

About FWD Group

FWD Group (1828.HK) is a pan-Asian life and health insurance business that serves more than 38 million customers across 10 markets, including BRI Life in Indonesia. FWD’s customer-led and tech-enabled approach aims to deliver innovative propositions, easy-to-understand products and a simpler insurance experience. Established in 2013, the company operates in some of the fastest-growing insurance markets in the world with a vision of changing the way people feel about insurance. FWD Group is listed on the main board of the Hong Kong Stock Exchange under the stock code 1828.

For more information, please visit www.fwd.com

About FWD Life Philippines 

FWD Life Insurance Corporation (FWD Life Philippines) launched its commercial operations in September 2014. As of end-2022, FWD Life Philippines ranks 3rd and 6th in terms of Paid-up Capital(1) and New Business Annual Premium Equivalent(2), respectively.

For more information, please visit fwd.com.ph. 

1 www.insurance.gov.ph > Statistics > Life > 2022 > Based on Paid-Up Capital

2 www.insurance.gov.ph > Statistics > Life > 2022 > Based on New Business Annual Premium Equivalent

The Head of Corporate Actuarial and Pricing is responsible for:
• Leading management reporting and provides insights on the drivers of business results and making recommendations for management actions;
• Managing and reviewing non-financial reinsurance arrangements and optimize the usage of reinsurance by considering the trade-off between risk and return;
• Overseeing the pricing function and ensuring that product pricing is competitive, compliant, and aligned with FWD’s customer-led and digitally enabled strategy;
• Being the signatory actuary for Insurance Commission’s certification, including but not limited to product approval and annual statement;

1. Regular reporting and Business Planning

• Lead embedded value (EV), value of new business (VNB) and other KPI reporting such as expense overrun, persistency and claim experience in both regular reporting cycles and business planning
• Reinsurance administration and settlement
• Cooperate and communicate with counterparts in local office, group office, and external parties such as consultants, independent reviewers and auditors
• Present business results to senior management and group office

2. Pricing Implementation and Coordination

• Manage pricing strategy, processes, systems and product approval
• Ensure effective adoption of pricing guidelines
• Coordinate with other departments and functions to plan and implement pricing of new products and features
•  Liaise with bank partners to agree features and compensation structures for new products

3. Team Management and People Development

• Develop and coach team members
• Identify potential candidates in the market to fill up vacancies in the actuarial team

Job Requirements:

Education & Certification:

• University graduate with major in Actuarial Science/ Mathematics/ Statistics or Finance
• Fellowship member of an internationally recognised actuarial professional body and Fellow of the Actuarial Society of the Philippines (FASP)

Experience:

• 15+ years life insurance experience in actuarial and/ or risk management functions
• Preferably worked in multinational life insurance company
• Deep understanding of EV, VNB and local regulatory standards
• Deep understanding of life insurance products in Philippines
• Ability to manage a team of actuarial associates and achieve results by working with and through cross-functional teams
• Highest regard for professionalism and integrity
• Effective leader and strong collaborator within and across teams

Privacy Notice

Your privacy is a priority for FWD.  The Company keeps your personal information with us in confidence. To know more about how we process your information, kindly refer to our FWD Recruitment Privacy Notice.

FWD has partnered with Talocity Instasolutions Private Limited (“Talocity”) to manage the initial filtering of candidate’s profiles through video interviews, social profile mapping, and video analytics using artificial intelligence engine that is offered within the Talocity platform.  The platform evaluates the candidate on the five well-known dimensions as per OCEAN Personality Model that influence occupational success and help understand workplace behavior. For more information, please refer to Talocity Privacy Policy.

When you apply, FWD will share your name, phone number and email address to Talocity to contact you and conduct the initial screening and profiling process.  Shortlisted candidates will then be contacted by FWD for the face-to-face interview.