Actuarial Manager

2 weeks ago


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

About Philippine Future Providers PFP Inc.

We are a leading pan-Asian life and health insurance business serving approximately 30 million customers across 10 markets. Our customer-led and digitally enabled approach aims to deliver innovative propositions, easy-to-understand products, and a simpler insurance experience.

About the Role

The Actuarial Manager (IFRS17) for Valuation leads the coordination of the Head of Valuation, Chief Actuary, General Accounting, Investments, and other concerned teams. This role is responsible for setting up the end-to-end valuation of reserves of life business for our portfolio under the new IFRS17 valuation standards.

Key Responsibilities

  1. Contribute in the implementation of the IFRS17 rollout Plan from FWD Group in coordination with designated consultants, participating in actuarial workstreams and coordinating with Valuation and other Actuarial teams as needed.
  2. Develop and test actuarial models for IFRS17 prepared by consultants, ensuring proper classification, treatment, and valuation of insurance contracts.
  3. Set up the actuarial valuation and reporting process under IFRS17 together with the Head of Valuation and Finance team, ensuring results flow through from data inputs/sources to report generation and presentation.
  4. Deliver assigned tasks on regular submissions for regulatory reporting and regional reporting.
  5. Provide subject matter expertise to pricing and EV teams on insurance product classifications, earnings emergence, and other relevant valuation insights.
  6. Continuously improve valuation process by streamlining manual processes, DCS automation, etc.
  7. Other special projects and ad hoc tasks that may be assigned.

Requirements

  • Graduate of Mathematics, Statistics, Actuarial Science, or similar courses.
  • Near Associate or Associate of the Actuarial Society of the Philippines (AASP).
  • At least five years actuarial experience, preferably in valuation.
  • Has preferably worked in a multinational insurance company.

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