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Actuarial Senior Specialist

1 month ago


Makati City, Philippines AXA Group Full time
Job Purpose

Perform actuarial reporting and strategic functions while working closely with other functional units to help management and local regulators ensure continued company viability.

Critical Accountabilities

Key Result Areas

Major Activities

Output

Challenges and Risks

  • Valuation of Liabilities
  • Prepares the valuation of liabilities and calculation of other items for input to the financial statement.
  • Ensures that the liabilities that have been set-up cover all future obligations to the policyholders and are calculated with a method and assumptions that are compliant with the applicable financial reporting standard (e.g., PFRS, AIFRS).
  • Reporting items for input to the financial statements


  • Dependency on the data from other departments (e.g., IT, Financial Control and Accounting, Alternative Channels) that could affect the quality and timeliness of the report.


  • Strategic Planning
  • Works extensively on forecasting to help management in setting the company's various KPI targets. The work includes coordination with different departments and distribution channels for their input as well as working with regional teams to finalize results.
  • Model setup and runs
  • Strategic Planning Pack
  • Dependency on inputs from various departments that's is critical to the resulting quality and timeliness of the Strategic Planning results.
  • Ensuring that there are no significant gaps in the model that could affect the projections and that the assumptions are consistent with the latest approved assumptions.


  • Regulatory Reporting
  • Prepares the Quarterly Statistical Report and the relevant exhibits of the Annual Statement.
  • Prepares the relevant figures of the Notes to the Financial Statement
  • Coordinates with local auditors and answers queries to comply with local requirements.
  • Quarterly Statistical Report
  • Relevant exhibits of the Annual Statement
  • Relevant figures of the Notes to the Financial Statements
  • Dependency on the data from other departments (i.e. IT, Financial Control and Accounting, Corporate Solutions, Alternative Channels) that could affect the quality and timeliness of the report.


  • Maintenance of the Prophet Model
  • Performs UAT of the Prophet model to ensure that the model reflects the latest approved recommendations and that there are no significant gaps in the model that could significantly impact value assessment and projections.
  • Accurate cash flow models
  • Difficulty to test a wide array of products, especially those old products with no sufficient documentation.
  • Dependency on the assumptions review document, which is being handled by a separate unit.


  • Supports local business units
  • Provides support to various units and committees of the company
  • Figures / reports requested by other units
  • Insights to the decisions of the various units and committees of the company
  • Sign-off of RLS system
  • Dependency on the data from other departments (e.g., IT, Financial Control and Accounting, Corporate Solutions, Alternative Channels) that could affect the quality and timeliness of the report.


Key Decisions/Dimensions

Decisions

Quantifiable Data Related to Job

  • Determine priorities, set objectives and procedures to accomplish goals
  • Provide recommendation to higher authority for decisions outside own authority
  • Produce quality reports on time


Skills and Knowledge

Educational Qualifications

Relevant Experience

  • Graduate of BS Mathematics, BS Accountancy, BS Statistics, or other related courses
  • Passed at least one (1) SOA Preliminary Exam is a plus
  • Preferably with at least two (2) years' experience in a life insurance company or similar experience


Personal Characteristics/Behaviors

Other Requirements

  • Possesses keen attention to details
  • Delivers to schedule and works well under pressure
  • Highly developed analytical and problem-solving skills.
  • Able to collaborate effectively with customers and/or colleagues outside own team structure.


  • Excellent verbal and written communication skills
  • Proficient in Microsoft Office applications
  • Knowledge in Prophet and at least one (1) programming language is a plus


A global leader in insurance and investments, AXA takes care of 103 million lives in 64 countries worldwide. We actively invest in pioneering and personalized solutions to meet your ever-changing needs and exceed your expectations. In the Philippines, we are in partnership with Metrobank, one of the country's strongest banks.

Established in 1999, AXA Philippines is one of the largest and fastest growing life insurance companies in the country. It offers financial security to more than one million individuals through its group and individual life insurance as well as general insurance products through its subsidiary Charter Ping An.

AXA Philippines is one of the first to introduce bancassurance operations in the country, and is among the pioneers in the investment-linked insurance sector.

AXA now offers a complete range of products for all its customers' insurance and financial protection needs, including savings and investments, health plans, income protection, and health coverage; and through its general insurance subsidiary Charter Ping An Insurance Corporation: fire, motor car, marine cargo, personal accident, bonds, casualty, and engineering insurance products.

AXA Philippines closed 2017 with P26.4 billion in total premium income and P5.7 billion in gross written premiums from Charter Ping An. Today, AXA has more than 4,000 financial advisers in 36 branches, and 700 financial executives in over 900 Metrobank and PSBank branches nationwide. Charter Ping An, on the other hand, has 22 branches nationwide and 2,007 agents.

AXA Philippines is a joint venture between the AXA Group, headquartered in France, and the Metrobank Group, one of the largest financial conglomerates in the Philippines.

The Metrobank Group is a conglomerate of industry-leading businesses that includes First Metro Investment Corporation, Metrobank Credit Cards, Federal Land, Toyota, and Manila Doctors Hospital. It was hailed Best Bank in the Philippines in 2010, 2011, and 2012 by Euromoney and recognized as the strongest bank in the Philippines by The Asian Banker in 2013. It is owned by the Ty Family whose major business interests include financial services, real estate development, power, and manufacturing.

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