Actuarial Officer

Job Purpose

Perform actuarial reporting and strategic 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.

Critical Accountabilities

Key Result Areas

Major Activities

Output

Challenges and Risks

IFRS17 Valuation

•  Prepares the relevant monthly valuation reports under the IFRS17 framework

•  Group Underlying Earnings reporting

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

•  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.

Strategic Planning

•  Works in forecasting to help management in determining annual targets, as well as assessing current performance against

•  Financial projections (e.g., strategic plan projections, forecasting)

•  Dependency on inputs from various departments, as very critical to the resulting quality and timeliness of the Strategic Plan 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.

Supports local business units

•  Provides support to various business 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

•  Dependency on the data from other departments (i.e. IT, Financial Control and Accounting, Corporate Solutions, 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

•  Produce high-quality reports and provide analyses and commentaries on time

Please visit for more information.

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.

Skills and Knowledge

Educational Qualifications

Relevant Experience

•  Graduate of BS Mathematics, BS Accountancy, BS Statistics, or other related courses

•  At least two (2) Actuarial exams passed

•   At least two (2) years' experience in life insurance or similar industry

•   Exposure to IFRS17 reporting framework is a plus

Personal Characteristics/Behaviors

Other Requirements

•  Detail-oriented

•  Delivers to schedule

•  Highly developed analytical and problem-solving skills.

•  Able to collaborate effectively with colleagues within and outside own team structure.

•  Excellent verbal and written communication skills

•  Proficient in Microsoft Office applications

•  Proficiency in Prophet 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.