Actuarial Assistant Manager, Myanmar Pricing

Established in 2012, MBPS Actuarial has become an actuarial center of excellence, with over 160 staff and growing, along with increasing range and ownership of deliverables, specializing in Valuation, Liability and Asset Modelling, Experience Analytics, Pricing, and more.

MBPS Actuarial offers a wide range of global opportunities across multiple actuarial disciplines, a high performing culture, a market leading actuarial development program, a job rotation program, and a leadership team dedicated to your growth and success.

We are currently searching for a talented and driven individual to join our Myanmar Pricing team within our MBPS Actuarial Function. The role is accountable for performing various actuarial pricing services for our pricing team supporting one of Manulife’s businesses in the emerging markets – Myanmar.

Have the skills and experience for the job? Learn more about it below!

Position Responsibilities: 

• Development of the mechanical design of life insurance products to meet specific financial, regulatory and competitive/marketing objectives.
• Development, documentation and approval of assumptions that are made for various pricing initiatives.
• Setting of rates and preparation of documents for internal product approval such as Product Pricing Reports (PPR)) and Risk Proposal Outline (RPO).
• Development and maintenance of Axis and/or Excel models appropriate for various pricing initiatives and financial planning, including communication of results to internal stakeholders.
• Implementation of UAT activities for the various systems as products are built in different platforms.
• Preparation of documents for regulatory filing of products
• Support in the annual new business plan development, submissions and approval.
• Project management and task allocation, including guiding junior team member/s towards solutions delivery to BU partners.
• Support in other ad hoc pricing initiatives.

Required Qualifications:

• Bachelor’s Degree in Actuarial Science, Mathematics, Statistics, Finance, or related field
• At least 7 years of actuarial work experience in Insurance or Financial Services
• Associate designation in any recognized actuarial organization (SOA, ASP).
• Excellent proficiency in MS Office (Excel, VBA, Access), GGY AXIS, SQL, Qlikview, Python or similar programs
• Demonstrated experience in applying actuarial concepts to independently model and analyze actuarial financial metrics
• Proven analytical and problem-solving skills with the ability to gather, synthesize, organize, and report information, results, and recommendations to various levels across the organization.
• Strong ability to establish priorities and manage multiple tasks with accuracy and attention to detail, for self and others.
• Amenable to work UP Ayala Technohub (Quezon City)
• Amenable to work on a hybrid set-up (3x a week onsite)

When you join our team:

• We’ll empower you to learn and grow the career you want. 
• We’ll recognize and support you in a flexible environment where well-being and inclusion are more than just words. 
• As part of our global team, we’ll support you in shaping the future you want to see.

About Manulife and John Hancock

Manulife Financial Corporation is a leading international financial services provider, helping people make their decisions easier and lives better. To learn more about us, visit https://www.manulife.com/en/about/our-story.html.

Manulife is an Equal Opportunity Employer

At Manulife/John Hancock, we embrace our diversity. We strive to attract, develop and retain a workforce that is as diverse as the customers we serve and to foster an inclusive work environment that embraces the strength of cultures and individuals. We are committed to fair recruitment, retention, advancement and compensation, and we administer all of our practices and programs without discrimination on the basis of race, ancestry, place of origin, colour, ethnic origin, citizenship, religion or religious beliefs, creed, sex (including pregnancy and pregnancy-related conditions), sexual orientation, genetic characteristics, veteran status, gender identity, gender expression, age, marital status, family status, disability, or any other ground protected by applicable law.

It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will work with applicants who request a reasonable accommodation during the application process. All information shared during the accommodation request process will be stored and used in a manner that is consistent with applicable laws and Manulife/John Hancock policies. To request a reasonable accommodation in the application process, contact [email protected].