Actuarial Division Staff

Industry Category	Sciences	Position	Actuarial / Statistics
Recruitment Department		Number Of Recruits	several
Work Location	Manila City	Nature Of Work	Full Time
Gender Requirements	Male	Marriage Requirement	No marital status restrictions
Education Level	Open to all levels	Work Experience	No work experience restrictions
Age Requirement	Above 18 years old	Salary Package	Negotiable
Updated Date	2022-10-17	Valid Until	Long-term validity

The Actuarial Division is one of the major frontline divisions of the IC and performs the following functions:

Reviews and evaluates actuarial formulations and assumptions used in the determination of premium rates, contract prices and contribution rates, reserves, nonforfeiture values, termination values, and benefit levels.Reviews and evaluates viability studies for insurance and pre-need products submitted by Life Insurance Companies, Mutual Benefit Associations (MBAs) and Pre-Need Companies.Verifies the consistency and conformity of the provisions of the policy and pre-need contracts, MBA’s implementing rules and regulations, certificates, and other related forms with the corresponding actuarial formulations and assumptions used.evaluates applications for change in reserve valuation bases and policy loans interest rates.

Interested applicants are likewise directed to submit the following requirements to ichrdhiring[at]insurance.gov.ph or ichrdhiring[at]gmail.com:

Application/Cover Letter addressed to:

The Deputy Insurance Commissioner

Management Support Services Group

1071 United Nations Avenue, Manila

Updated CV/Resume/Personal Data Sheet

Diploma

Transcript of Records

Certificate of Eligibility/Rating

Certificate of Training Attended

Submitted documents shall undergo evaluation based on our recruitment guidelines.