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