Quezon City, NCR, Philippines
Senior Actuarial Analyst / Assistant Actuarial Manager, Valuation
Job Description:
Responsibilities
- 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 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
Qualifications
- Bachelors Degree in Actuarial Science, Mathematics, Statistics, Finance, or related field
- At least 5 years of actuarial work experience in Insurance or Financial Services
- Significant progress towards attaining a designation in any recognized actuarial organization (SOA, ASP)
- Advanced proficiency in MS Office (Excel, VBA, Access), GGY AXIS, SQL, Qlikview, Python or similar program is a plus