Job Description
The Opportunity
Do you want to join a growing team in a high-performance culture that provides leadership and technical development opportunities? We are currently searching for a talented and driven individual to join our Philippines Valuation team within our Actuarial Function. The role is accountable for performing various actuarial valuation services for our valuation team supporting one of the businesses in the emerging markets – the Philippines. Established in 2012, Actuarial has become an actuarial center of excellence, with over 130 staff and growing, along with increased range and ownership of deliverables, specializing in Valuation, Liability and Asset Modelling, Experience Analytics, Pricing, and more. 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.
What motivates you?
✅ You obsess about customers, listen, engage, and act for their benefit
✅ You think big, with curiosity to discover ways to use your agile mindset and enable business outcomes
✅ You thrive in teams and enjoy getting things done together
✅ You take ownership and build solutions, focusing on what matters
✅ You do what is right, work with integrity and speak up
✅ You share your humanity, helping us build a diverse and inclusive work environment for everyone
We are looking for someone with:
✅ Bachelor’s Degree in Actuarial Science, Mathematics, Statistics, Finance, or a related field
✅ At least 3 years of actuarial work experience in Insurance or Financial Services
✅ Progress toward attaining a designation in any recognized actuarial organization (SOA, ASP)
✅ Working experience in MS Office (Excel, VBA, Access), GGY AXIS, SQL, Qlikview, Python, or similar programs is a plus
✅ Self-motivated with strong interpersonal skills and has demonstrated team collaboration
✅ Ability to clearly communicate ideas, concepts, and results to both technical and non-technical audiences whether written and oral
✅ Demonstrated ability to meet tough deadlines and clearly set own priorities
On the job you will:
✅ Develop and maintain the AXIS and/or Excel models appropriate for the shareholder dividend recommendation, capital requirement calculation, group insurance valuation, and business plan initiatives
✅ Support the annual shareholder dividend recommendation exercise by executing the model runs and communicating the results to the stakeholders
✅ Calculate the capital requirements and its sensitivity to various risk drivers
✅ Calculate the reserves of the group insurance business under Canadian IFRS and local bases, analyze the movement and trend of reserves, and prepare a commentary on the results to the Chief Actuary on a quarterly basis
✅ Support the annual business plan exercise in terms of calculations and sensitivities of projections of relevant accounts in the financial statement
✅ Manage the changes in the shareholder dividend, capital requirement, group insurance valuation, and business plan models including assumption updates and new product modeling
✅ Execute and adhere to the valuation controls based on Valuation Control Framework Requirements where applicable; support the internal and external audit exercise by maintaining process documentation and evidence of controls; model vetting and adoption of modeling best practices in accordance with model risk management and audit recommendations
✅ Become a person of contact when engaging with actuarial and finance departments to provide technical support for any questions raised
✅ Perform additional tasks and ad hoc initiatives assigned by the Chief Actuary from time to time. An immediate additional task is the conversion of the legacy dividend record datasets.