Valuation Lead

7 days ago


Manila, National Capital Region, Philippines Philippine Future Providers PFP Inc. Full time

About Philippine Future Providers PFP Inc.

We are a pan-Asian life and health insurance business serving approximately 30 million customers across 10 markets, including our operations in the Philippines. Our approach combines customer-centricity and digital innovation to deliver easy-to-understand products and a simpler insurance experience. With a presence in some of the world's fastest-growing insurance markets, we aim to change the way people feel about insurance.

The Valuation Lead for Life Insurance will coordinate with the Head of Valuation, Chief Actuary, General Accounting, Investments, and other teams to set up the end-to-end valuation of our life business portfolio under the new IFRS17 valuation standards. This role requires establishing controls and documentation for the IFRS17 valuation and reporting process, and assisting the Head of Valuation as needed.

  1. Implement the IFRS17 rollout plan in collaboration with designated consultants, participating in actuarial workstreams and coordinating with the Valuation and Actuarial teams.
  2. Develop and test actuarial models for IFRS17, ensuring proper classification, treatment, and valuation of our insurance contracts.
  3. Establish the actuarial valuation and reporting process under IFRS17, ensuring results flow through from data inputs to report generation and presentation.
  4. Deliver assigned tasks for regulatory and regional reporting.
  5. Provide expertise to pricing and EV teams on insurance product classifications, earnings emergence, and valuation insights.
  6. Continuously improve the valuation process through process streamlining and automation.
  7. Special projects and ad hoc tasks as assigned.

Key Requirements:

  • Bachelor's degree in Mathematics, Statistics, Actuarial Science or similar field.
  • Near Associate or Associate of the Actuarial Society of the Philippines (AASP).
  • At least five years actuarial experience, preferably in valuation.
  • Experience in a multinational insurance company is preferred.


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