General Insurance Reserving Director

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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Qualifications:

·       Fellow of the ASP (PH), CAS (US), IA (UK), or other full-member institute under the International Actuarial Association.

·       Has at least 10 years relevant work experience and within that, min 3 years direct experience in each covered function and min 3 years' experience managing a technical team of 5 or more members.

·       Effective in communicating with senior management the bases as well as implications of actuarial and financial results.

·       Has working knowledge and experience in IFRS reserving and solvency framework.

·       Preferably (but not necessarily) an accredited signing Non-Life actuary of the Insurance Commission of the Philippines.

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.

Job Title: GI Reserving Director

Span of Control:

·       Has full responsibility over GI Reserving& Technical Studies (5 FTE),

Key Responsibilities:

·       Ensure that all types of actuarial valuation, modelling and reporting work adhere to sound actuarial principles and practices, high standards of technical quality, as well as to the AXA framework (contained in the Group Standards Handbook and Professional Family Policy Manuals). 

• Oversee the development, implementation, and validation of robust reserving methodologies to ensure accurate and compliant reserve estimates.
• Collaborate with actuarial, finance, and risk teams to analyze data, monitor trends, and produce reliable reserve reports for management and regulators.
• Lead and supervise the reserving team, driving continuous improvement of processes and ensuring regulatory compliance and data integrity.

·       Provide leadership to all the functional units through capability building among other leading and managing activities.  These include:

o   Supporting together with HR and other actuarial teams the actuarial rotation program and the actuarial/-related education program.

o   Ensuring that adequate seniority is maintained in each of the teams for junior members to get guidance and coaching from.

o   Ensuring healthy influx and succession development in the teams.

o   Staff engagement activities.

·       Promote business partner behavior in each member of the team, e.g. delivering business-wise analysis and interpretation of results, supporting alignment of business unit activities to the company's financial and business goals, promoting business knowledge in each team member.

·       Together with the CFO, ensure that capital positions at all times meet both minimum regulatory and internal required capital levels.

·       Reinforce capital and value management within the company through the appropriate analyses, recommendations and actions on such product elements as persistency, claims, expenses and commissions, premium scales, profit commissions, policy wording and benefit definitions, capital and reinsurance, asset allocation and investment returns, and the like.