Actuarial Analyst

POSITION TITLE: ACTUARIAL ANALYST

Business Unit: Product Pricing - Consumer Pricing Unit

Level: Rank and File

Reporting Line: Actuarial Supervisor

Position Accountability Statement

Accountable for the pricing of new products, preparation and analysis of Medical Utilization Cost (MUC) for products within the target date.

Job Description

• Gathering, validating, and analyzing the following data that can be accessed from Maxicare system sources:
• Utilization
• Masterlist
• Total Contract Value
• LOA Issuance
• Pricing of New Products
• Responsible for pricing of new products
• Provides recommendations and endorses the pricing to Superiors for validation and approval
• Communicates the results to the concerned departments
• Repricing/ Renewal Review of Existing Products
• Reviews and Analyzes the experience of Existing products
• Provides renewal recommendations and endorses the result to Superiors for validation and approval
• Communicates the results to the concerned departments
• Preparing required documents for regulatory compliance
• Reviewing, analyzing, computing and processing other requests such as:
• Special Accommodations for accounts
• Recovery accounts
• Ad Hoc, Special Projects, and other related functions that may be assigned by the Immediate Superior.
• Monitoring of Consumer Products
• Maintains and organizes pricing/quotation files and other documentations
• Handles the monitoring of assigned New and Existing Products regularly
  
  

• Strives to embody, commits to support, and deliver the quality policy, objectives and initiatives of the organization;
• Communicates, engages, directs, and supports people to contribute to the Governance and Resilience effectiveness;
• Demonstrates commitment to customers by ensuring applicable statutory and regulatory requirements are determined, understood and consistently met;
• Abides by the Governance and Resilience policies and procedures for the effective management and control of its processes; and
• Promotes and utilizes the Process Approach and Risk-based Thinking at work.
  
  

• Preferably BS Mathematics, BS Statistics, BS Actuarial Science, BS Applied Mathematics, BS Economics, BS Computer Science, BS Data Analytics, BS Artificial Intelligence, or BS Electronics and Communication Engineering
  
  

• At least 0–2 years of actuarial experience in health, life, or general insurance.
  
  

• Knowledge in Google Applications (e.g. Gmail, Sheets, Slides, Docs, Google Studio, etc)
• Knowledge in MS Excel is required