Actuarial Assistant Manager

Actuarial Assistant Manager

Level: Assistant Manager

Department: Valuation And Research

Reporting Line: Actuarial Manager

Position Accountability Statement:

Accountable for reviewing and analyzing on new and existing products for development and/or

enhancement.

Supervises both Processes and People:

Process responsibilities include activities such as:

     ● Work Unit Planning and Implementation o Task Assignment and Scheduling

     ● Budget Allocation and Control Problem-solving and Decision-making

     ● Monitoring and Evaluating Results

     ● Escalating issues and/or risks

People responsibilities include activities such as:

     ● Developing Team and Individual Skills and Capabilities

     ● Mentoring, Coaching and Job-shadowing

     ● Engaging and Motivating employees

     ● Rating Performance Reviews

     ● Monitoring and providing feedback on day-to-day performance

     ● Counseling and carrying out Disciplinary Activity

JOB DESCRIPTION

     ● Collates data, analyzes and recommends data and procedures to be used for regular and ad hoc reports, and other actuarial studies

     ● Reviews and responds to queries and inquiries on new and existing products as escalated by staff

     ● Recommends finalization or revision of the submitted report.

     ● Forwards finalized reports on existing products to the Manager for disposition.

     ● Discussed with concerned departments and requisitioning body on new product be developed and finalizes new product design as a result of the monitoring.

     ● Improves the draft submitted by the Actuarial Assistant / Actuarial Supervisor on product design and implementation

     ● Monitors and oversees automation projects of the team ☑

     ● Collaborates with ICT or the Provider on automation projects affecting Actuarial Product Development Team

     ● Reviews, recommends changes or updates on departmental desk manual which includes policies, procedures, guideline, work instructions and process flow

     ● Reviews and recommends changes and improvement and guidelines for the team

     ● Participates during third party and in-house audit walkthroughs on regular reports

Duties and Responsibilities done at IRREGULAR or INTERMITTENT Intervals

     ● Collaborates with concerned departments and requisitioning body on new products to be developed and finalizes product design as a result of the meetings

     ● Reviews and forwards drafts of memoranda on new and existing products to Immediate

     ● Superior for comments, finalization and approval, send emails on these to all concerned departments

     ● Reviews and recommends responses on queries and inquiries on new and existing products to the Actuarial Supervisor / Actuarial Assistant for the as needed

     ● Conducts roll-out or product orientation on new and existing products

     ● Reviews, analyzes, resolves or escalates to Manager, AVP or VP any issues which may arise from the requested deliverable

     ● Reviews reports submitted by Supervisor and requests revision, if necessary

JOB SPECIFICATIONS

A. SKILLS

1. EDUCATIONAL REQUIREMENT

MINIMUM educational level and background required by this POSITION:

College Graduate of 4, 5 year-course, preferably:

Mathematics, Applied Mathematics, Statistics

2. EXPERIENCE AND TRAINING

PERIOD OF TIME OR LENGTH of related experience the CANDIDATE must acquire before

being assigned to and perform the functions of this job, SATISFACTORILY under NORMAL

supervision:

Five (5) years Less than ten (10) years

3. SKILLS REQUIREMENT - TECHNICAL (For Tech and Business Support, Supervisory and Professional)

Broad: INTEGRATION and coordination of activities within a SINGLE management area

B. RESPONSIBILITY

1. ACCOUNTABILITY - ASSETS, CASH, EQUIPMENT

Value or worth of company assets (cash, checks, financial instruments, investments, tools, materials, machinery, equipment, and supplies) this POSITION is accountable for:

Small below P500,000

SPECIFY ASSETS, CASH AND EQUIPMENT DIRECTLY ACCOUNTED FOR: Laptop

2. ACCOUNTABILITY - RECORDS AND DOCUMENTS

Level of CONFIDENTIALITY AND IMPORTANCE of the information, records, reports, and documents prepared, maintained, has access to, and handled by this POSITION

Critical, Operational - Only identified and selected individuals are given privilege of knowing contents of any documents; disclosure may have an APPRECIABLE EFFECT on the company

RECORDS AND DOCUMENTS DIRECTLY ACCOUNTED FOR:

Shared Documents

3. NEED FOR SUPERVISION

EXTENT of work supervised or managed by the Immediate Superior, whether the job is limited or diversified; quantify range of activities, VARIETY of tasks to be carried out, and the DIVERSITY of the problem to be solved

Follows established procedures generally; refer only unusual cases to superior

4. PEOPLE MANAGEMENT

Number of subordinates this POSITION DIRECTLY

1 to 3 subordinates supervise

5. CONTACTS -INTERNAL AND EXTERNAL

EXTENT the work requires in making personal contacts inside and outside of the organization, level of importance of contacts; FREQUENCY they are made; LEVEL OR DEGREE they involve exchanging information, dealing with people, exerting influence, persuading them to take

action, etc. Localized, Routine

C. EFFORT

1. PHYSICAL EFFORT

USUAL POSITION at work of this JOB considering energy needed and exerted to satisfactorily perform the job Sitting, talking and/or walking are done in intervals, in combination or alternately

2. MENTAL EFFORT

AMOUNT OF THINKING to analyze problems; develop and evaluate solutions to given problems Standardized - Job encompasses SEVERAL areas; solution to the problem is READILY APPARENT In differing situations requiring search for solutions within area of learned things

D. WORK CONDITIONS

1. JOB ENVIRONMENT

STATE of surrounding and physical conditions under which the JOB must be satisfactorily accomplished Comfortable MOST OF THE TIME in an:

Air-conditioned, well-lighted, clean, quiet, conducive room

2. SAFETY AND EXPOSURE TO HAZARDS, RISKS, DANGER

Hazards, risks or danger POSITION is exposed to in job performance, DESPITE safety measures provided 

Exposure to few disagreeable elements is less than 25% of the time