Overview
AVP, Head of Pricing role at FWD Insurance. The AVP Head of Pricing leads the actuarial pricing function, ensuring that product pricing is competitive, compliant, and aligned with FWD’s customer-led and digitally enabled strategy.
Responsibilities
- Strategy and Framework Development
- Serving as a key advisor, identify and direct enterprise-wide strategy projects and oversee execution of related deliverables for the financial technology market
- Lead cross-functional teams in developing and implementing strategic roadmaps, managing key interviews, leading workshops, and conducting industry research through secondary and primary resources
- Act as the primary team interface with various levels of client executives up to and including C-Level
- Pricing Implementation and Coordination
- Manage pricing strategy, processes, systems, and reporting
- Ensure effective adoption of pricing guidelines
- Coordinate with subsidiaries and other departments to plan and implement new pricing on core products and new features
- Lead a team that will own the following responsibilities
- Gather and analyze information on market trends and industry competitors
- Identify and analyze factors that influence customers’ capacity and willingness to purchase, including economic conditions, market trends, pricing, and availability of similar products
- Identify and analyze the ideal packaging value mix for a portfolio of management services and payment processing capabilities
- Develop and present business cases for new monetization strategies
- Prepare market forecast reports focused on conditions likely to affect pricing and sales
- Work with functional teams to achieve product-related metrics such as economic and non-economic assumptions, profitability, and resilience
- Provide estimates of IFRS 17 items and profitability projections for different product mixes, operating results and scenarios
- Perform other pricing-related activities as directed by the Chief Actuary, Chief Finance Officer and Group Office
Qualifications / Experience
At least an Associate of the Actuarial Society of the Philippines (AASP) or Associate of the Society of Actuaries (ASA)Fellowship status (FASP or FSA) is highly desirable for senior leadership rolesFamiliarity with IFRS 17, local regulatory frameworks, and actuarial modeling tools (e.g., Prophet)At least 6-7 years actuarial experienceProficient in Excel / macro programming; experience with Prophet is favorableProficiency in creating / developing pricing models for new products in Excel; able to write macro programsProficiency in setting pricing assumptions and rationalizing them through experience review and market comparisonKnowledge to perform a reasonable review of forms, contracts, and sales illustrationsExperience in product submissions to IC; maintains good communication with IC ActuarialAbility to review and correct Product Gate submissions prepared by Product ManagementExperience in conducting Experience Studies (e.g., Expense Analysis, Mortality, Persistency, Withdrawal Experience Study)Privacy and Recruitment
Your privacy is a priority for FWD. The Company keeps your personal information confidential. For more information, refer to the FWD Recruitment Privacy Notice. FWD has partnered with Talocity Instasolutions Private Limited to manage initial filtering of candidate profiles through video interviews and analytics. Shortlisted candidates will be contacted for interviews.
Seniority level
DirectorEmployment type
Full-timeJob function
Management and Product ManagementIndustries
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