Advertisement:



Actuarial Manager (modeling), Makati City

Last update 2023-12-07
Expires 2024-01-07
ID #1785384828
Free
Actuarial Manager (modeling), Makati City
Philippines, Metro Manila, Makati City,
Modified August 10, 2023

Description

Job PurposeTo 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 AccountabilitiesKey Result AreasMajor ActivitiesOutputChallenges and Risks1 – Actuarial Modeling•Ensure timely preparation of model runs and outputs needed for monthly valuation and planning/forecast exercises.•Apply the following framework:oAIFRS, for analysis of profitsoAIFRS, for dividend recommendation and crediting rates studyoPFRS 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•Prophet models including data inputs from difference stakeholders•Timely and accurate delivery of model runs•Analyses include adequate reasoning and insight on movement of key metrics (policy information, reserves, profits)•Timely delivery of key messages and recommendations to reporting teams based on work output •UAT signoff, Model enhancement request, etc.•Systems dependencies for policy data; accuracy and timeliness of accounting information•Managing work plans (with IT, Accounting, Investment, KL Actuarial Shared Services, Group, etc.)•Prepare deliverables to local management committees 2 – Model Governance•Ensure that valuation models are properly developed, maintained, and documented, with appropriate governance•Ensure proper documentation of all valuation methodology used•Ensure updated local, regulatory and AXA Group frameworks are followed•Ensure continuous improvement of process, including process optimization and automation•Model Documentation•Methodology and Process Documentation•Process Improvements•Collection of relevant data and sources for justification of proxies used•Systems dependencies for automation and access restrictions•Managing work plans with IT 3 – Financial business analysis•Provide support in analyzing the performance of the company based on sound information to help the company improve performance and achieve set targets.•Ensure that the team prepares accurate and timely ad-hoc model runs (, Analysis of Change) to support the baseline reporting figures.••Prophet models including data inputs from difference stakeholders•Creation of a common database to properly document KPIs and other key indicators of competing companies.••Collection of relevant data and potential limitations on existing systems to apply proposed strategies. •AXA Group computational analysis requirements may be potentially not applicable to local business and hence may need to utilize proxies to be able to provide results comparable to other AXA entities 4 – Support team and local business units•Reviews and discuss business implications of reports with own team for broader appreciation of work•Provides guidance to own team for continuous career development •Provides actuarial support to various functional units and Management 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 ( IT, Financial Control and Accounting, Distribution Channels, etc.)•Key Decisions/DimensionsDecisionsQuantifiable 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 as relevant•Determine best technical options, in compliance with Group’s requirement and best reflecting local specificities and constraints•Produce high-quality reports and provide analyses and commentaries on time.Your ProfileEducational QualificationsRelevant Experience•Graduate of BS Mathematics, BS Accountancy, BS Statistics, or other related courses•Associate of a recognized actuarial society (ASP, SOA), or close to becoming an associate•At least five (5) years experience in life insurance, preferably in actuarial valuationPersonal Characteristics/BehaviorsOther Requirements•Detail-oriented•Delivers outputs on schedule•Highly developed analytical and problem solving skills•Able to collaborate effectively with customers and/or colleagues outside own team structure•Excellent verbal and written communication skills•Proficient in Microsoft Office applications•Knowledge in Prophet is a plusAbout AXAA 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.About the EntityEstablished 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 billion in total premium income and 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.What We Offer

Job details:

Job type: Full time
Contract type: Permanent
Salary type: Monthly
Occupation: Actuarial manager (modeling)

⇐ Previous job

Next job ⇒     

 

Contact employer

    Employer's info

    Quick search:

    Location

    Type city or region

    Keyword


    Advertisement: