Actuarial Manager

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:
  • AIFRS, for analysis of profits
  • AIFRS, for dividend recommendation and crediting rates study
  • 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.
• Use Prophet models including data inputs from different stakeholders.
• Ensure timely and accurate delivery of model runs.
• Provide analyses with adequate reasoning and insights on movements of key metrics (policy information, reserves, profits).
• Deliver key messages and recommendations to reporting teams based on work output promptly.
• Manage systems dependencies for policy data; ensure accuracy and timeliness of accounting information.
• Manage work plans with IT, Accounting, Investment, KL Actuarial Shared Services, Group, etc.
• Prepare deliverables for local management committees.
• Ensure valuation models are properly developed, maintained, and documented, with appropriate governance.
• Properly document all valuation methodologies used.
• Follow updated local, regulatory, and AXA Group frameworks.
• Continuously improve processes, including optimization and automation.
• Document methodologies and processes.
• Collect relevant data and sources to justify proxies used.
• Manage system dependencies for automation and access restrictions.

3 – Financial Business Analysis

• Support analysis of company performance based on sound information to aid performance improvement and target achievement.
• Ensure the team prepares accurate and timely ad-hoc model runs (e.g., Analysis of Change).
• Use Prophet models with data inputs from various stakeholders.
• Create a common database to document KPIs and key indicators of competing companies.
• Collect relevant data and identify limitations in existing systems to support proposed strategies.
• Utilize proxies for AXA Group computational analysis where necessary for local business comparability.

4 – Support Team and Local Business Units

• Review and discuss business implications of reports with own team.
• Guide team for ongoing career development.
• Provide actuarial support to various units and Management Committees.
• Respond to figures/reports requested by other units.
• Provide insights for decision-making across units and Committees.
• Coordinate data dependency with other departments (IT, Financial Control, Accounting, Distribution Channels, etc.).

Key Decisions/Dimensions Decisions Quantifiable Data Related to Job

• Set priorities, objectives, and procedures to meet goals.
• Make decisions within authority; escalate recommendations outside own authority.
• Select the best technical options aligned with Group requirements and local constraints.
• Produce high-quality reports and analyses on schedule.

Educational Qualifications

• Bachelor's degree in Mathematics, Accountancy, Statistics, or related fields.
• Member of a recognized actuarial society (ASP, SOA), or close to qualifying.
• At least five (5) years of experience in life insurance, preferably in actuarial valuation.

Personal Characteristics/Behaviors and Other Requirements

• Detail-oriented and punctual.
• Strong analytical and problem-solving skills.
• Effective collaborator with colleagues and customers.
• Excellent communication skills, verbal and written.
• Proficient in Microsoft Office; knowledge of Prophet is a plus.

About the company

Axa SA is a French multinational insurance firm.

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