Actuarial Manager

4 weeks ago

Makati City, Philippines AXA Group Full time
Job Purpose

To perform actuarial modeling and analytical functions while working closely with other functional units to help Management ensure the company's financial well-being and provide support in the achievement of business targets.以拼音方式閱讀

Critical Accountabilities

Key Result Areas

Major Activities

Output

Challenges and Risks

1 - Actuarial Modeling
• Ensure timely preparation of model runs and outputs needed for monthly valuation and planning/forecast exercises.
• Apply the following framework:

o AIFRS, for analysis of profit

o AIFRS, for dividend recommendation and crediting rates study

o PFRS and GPV, for statutory earnings and local reserves reporting
• Manage relevant work streams and coordinate the delivery of information and reports with the Group reporting teams.
• Initiate model validation and model changes (if needed) based on the Local Model Governance Policy
• Prophet models including data inputs from difference stakeholder
• Timely and accurate delivery of model run
• Analyses include adequate reasoning and insight on movement of key metrics (policy information, reserves, profits)
• Timely delivery of key messages and recommendations to reporting teams based on work output
• UAT signoff, Model enhancement request, etc.
• Systems dependencies for policy data; accuracy and timeliness of accounting information
• Managing work plans (with IT, Accounting, Investment, KL Actuarial Shared Services, Group, etc.)
• Prepare deliverables to local management committees

2 - Model Governance
• Ensure that valuation models are properly developed, maintained, and documented, with appropriate governance
• Ensure proper documentation of all valuation methodology used
• Ensure updated local, regulatory and AXA Group frameworks are followed
• Ensure continuous improvement of process, including process optimization and automation
• Model Documentation
• Methodology and Process Documentation
• Process Improvement
• Collection of relevant data and sources for justification of proxies used
• Systems dependencies for automation and access restriction
• Managing work plans with IT

3 - Financial business analysis
• Provide support in analyzing the performance of the company based on sound information to help the company improve performance and achieve set targets.
• Ensure that the team prepares accurate and timely ad-hoc model runs (e.g., Analysis of Change) to support the baseline reporting figures.
•• Prophet models including data inputs from difference stakeholder
• Creation of a common database to properly document KPIs and other key indicators of competing companies.
•• Collection of relevant data and potential limitations on existing systems to apply proposed strategies.
• AXA Group computational analysis requirements may be potentially not applicable to local business and hence may need to utilize proxies to be able to provide results comparable to other AXA entities

4 - Support team and local business units
• Reviews and discuss business implications of reports with own team for broader appreciation of work
• Provides guidance to own team for continuous career development
• Provides actuarial support to various functional units and Management Committees of the company
• Figures / reports requested by other unit
• Insights to the decisions of the various units and Committees of the company
• Dependency on the data from other departments (i.e. IT, Financial Control and Accounting, Distribution Channels, etc.)
•Key Decisions/Dimensions

Decisions

Quantifiable Data Related to Job
• Determine priorities, set objectives and procedures to accomplish goals.
• Decide within authority and elevate recommendation to higher authority for decisions outside own authority as relevant
• Determine best technical options, in compliance with Group's requirement and best reflecting local specificities and constraint
• Produce high-quality reports and provide analyses and commentaries on time.

Educational Qualifications

Relevant Experience
• Graduate of BS Mathematics, BS Accountancy, BS Statistics, or other related course
• Associate of a recognized actuarial society (ASP, SOA), or close to becoming an associate
• At least five (5) years experience in life insurance, preferably in actuarial valuation

Personal Characteristics/Behaviors

Other Requirements
• Detail-oriented
• Delivers outputs on schedule
• Highly developed analytical and problem solving skill
• Able to collaborate effectively with customers and/or colleagues outside own team structure
• Excellent verbal and written communication skill
• Proficient in Microsoft Office application
• Knowledge in Prophet is a plu

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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