Pricing Manager

at  AXA

OF THE JOB:

The Pricing Manager plays a critical role in analyzing, designing, and recommending pricing models for new and existing Employee Benefits/CorpSol and Emerging Customers products to ensure they meet AXA’s product standards and profitability requirements.
Provide technical support for marketing initiatives and campaigns, and conduct analysis to assess profitability and key product risks.
Additionally, the Pricing Manager offers guidance on product management, including regular profitability reviews and validation of tools used in underwriting and distribution. Their responsibilities also extend to managing reinsurers, optimizing reinsurance structures, and representing the Pricing team in various committees.
The job description for the Pricing Manager role contains valuable details but could benefit from simplification and restructuring for clarity. Here’s a simplified and refined version of the job description:

Responsibilities:

• Product Pricing
• Provide recommendations on assumptions and design for new Employee Benefits or Emerging Customers products.
• Design pricing models aligned with product features and assumptions.
• Recommend premium rates for new and existing products to meet AXA’s product standards and profitability requirements.
• Technical Support and Analysis
• Offer technical support for marketing initiatives and campaigns.
• Analyze profitability and sensitivity results, and assess key product risks.
• Designing and managing data in the areas of collection of data, ensuring quality of data, sales, marketing, billing, collection, underwriting, reinsurance, reserving and financial analysis.
• Reporting timely, accurate, easily obtainable, useful, and accurate management information consistent with the same information produced in other reports.
• Product Management
• Support regular profitability reviews and recommend re-pricing or product pull-out as needed.
• Provide guidance on policy servicing and validate tools used in underwriting and distribution.
• Reinsurance Management and Optimization
• In coordination with Acturial team,manage reinsurers, test new structures, and maximize solvency ratio.
• Plan reinsurance and ceded insurance policies, and handle accountabilities and recoverable on reinsurance ceded for the company’s business.
• Committee Representation
• Represent the Pricing team in various committees such as the Reinsurance Working Group, Underwriting and Product Management Committee and Claims Committee.

KEY ACCOUNTABILITIES:

• Pricing of Employee Benefits, Corporate Solutions and Emerging Customers Products.
• Supporting the Corporate Solutions team to achieve the profitable growth objectives.
  Your Profile

EXPERIENCE AND QUALIFICATIONS:

• Graduate of Actuarial Science, Mathematics or similar courses
• At least an associate member of a recognized actuarial institute (or actively working towards certification)
• About 5-7 years’ work experience in the life insurance or financial services, in the actuarial, finance or investment area
• Experience in product pricing and development, or in Valuation, in asset-liability management, and capital management
• Developed leadership, strategic and critical thinking, and relationship management skills
• Highly developed analytical and problem solving skills
  About AXA
  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.
  About the Entity
  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.
  What We Offer
  Please visit www.axa.com.ph/careers for more information

Responsibilities:

• Product Pricing
• Provide recommendations on assumptions and design for new Employee Benefits or Emerging Customers products.
• Design pricing models aligned with product features and assumptions.
• Recommend premium rates for new and existing products to meet AXA’s product standards and profitability requirements.
• Technical Support and Analysis
• Offer technical support for marketing initiatives and campaigns.
• Analyze profitability and sensitivity results, and assess key product risks.
• Designing and managing data in the areas of collection of data, ensuring quality of data, sales, marketing, billing, collection, underwriting, reinsurance, reserving and financial analysis.
• Reporting timely, accurate, easily obtainable, useful, and accurate management information consistent with the same information produced in other reports.
• Product Management
• Support regular profitability reviews and recommend re-pricing or product pull-out as needed.
• Provide guidance on policy servicing and validate tools used in underwriting and distribution.
• Reinsurance Management and Optimization
• In coordination with Acturial team,manage reinsurers, test new structures, and maximize solvency ratio.
• Plan reinsurance and ceded insurance policies, and handle accountabilities and recoverable on reinsurance ceded for the company’s business.
• Committee Representation
• Represent the Pricing team in various committees such as the Reinsurance Working Group, Underwriting and Product Management Committee and Claims Committee