Product Portfolio Management Consultant (Actuarial Consultant) - ref. g65587723

About the role

Join AIA Philippines' team as a Product Portfolio Management Consultant (Actuarial Consultant). This full-time role is based in Makati City, Metro Manila and is integral to the organisation's Actuarial function. You will provide strategic, analytical and technical support to the business, ensuring that AIA Philippines' products and services meet the evolving needs of customers in the insurance and superannuation industry.

What you'll be doing

Strategic Responsibilities:

• Lead portfolio analysis on in-force products to provide management recommendations on potential updates to product design, processes and management in order to optimize company financials and reduce product risks and client complaints.
• Provide valuable proposals/counterproposals to channel heads, Product Management Leads and Pricing Team regarding product design, positioning and target market to update available for sale products.
• Lead reports on portfolio management and provide insights to management.
• Assess product and fund suite and highlight and potential risks and issues
• Responsible for communicating with head of Product/Pricing/Chief Actuary/Group Office/Exco, other internal stakeholders (PIC, operations, channel heads) and external stakeholders (Regulators Reinsurers, Auditors) product portfolio analysis on existing and in-force products.

Operational Responsibilities:

• Ensure complete reports on product portfolio on key drivers including but not limited to persistency, product mix, fund mix, age-mix, and vitality status.
• Lead Available-for-sale study on an annual basis. Coordinate with product management on market gap and pricing team on current financials.
• Support operations, marketing and distributions on client concerns.
• Provide recommendations and analysis on possible solutions on product portfolio issues.
• Ensure consistency on process and system builds on old, existing and new products. Ensure update on all processes and builds to align customer experience.
• Ensure documents on operations and system builds are completed timely and accurately.
• Ensure monitoring of product specific risk areas
• Responsible for fulfilment of all audit and control requirements and communication of projects assigned.
• Review and approve ad hoc task results.
• Handle simple demands from different channels.

• Degree in Actuarial Science, Mathematics, Statistics or a related quantitative field
• 5+ years' experience in an actuarial role within the insurance or superannuation industry
• Fellowship of the Actuarial Society of the Philippines (FASP) or progress towards this designation
• Strong technical and analytical skills, with the ability to interpret complex data and translate findings into actionable insights
• Commercial acumen and strategic thinking to identify opportunities and drive product innovation
• Excellent communication and stakeholder management skills to influence senior decision-makers
• Collaborative mindset and ability to work effectively in a cross-functional team environment

What we offer

At AIA Philippines, we are committed to providing our employees with a rewarding and fulfilling career. In addition to a competitive salary, you will enjoy a range of benefits including:

• Performance-based bonuses and incentives
• Comprehensive health and life insurance coverage
• Generous leave entitlements and flexible work arrangements
• Opportunities for professional development and career advancement
• Collaborative, inclusive and supportive work culture

About us

With a history spanning over 70 years, we are committed to delivering innovative products and exceptional customer service to our growing client base.

Apply now to join our dynamic team and make a meaningful impact on the insurance and superannuation industry.