Actuarial managerAXA

Job Purpose
To perform actuarial reporting 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 Accountabilities
Key Result Areas
Major Activities
Output
Challenges and Risks
1 - Actuarial reporting and financial business analysis
Analyze the performance of the company, including versus competitors' performance and collect appropriate and relevant data to update existing strategies or propose new plans based on sound information to help the company improve performance and achieve set targets.
Ensure that the team prepares timely analysis of business performance with good quality using IFRS17 and Local GPV standards.
Provide strategic insights to Management in setting the company's targets during Strat Plan and Forecast exercises, based on accurate Actuarial data and projections
Provide support to internal and external audit reviews
Creation of a common database to properly document KPIs and other key indicators of competing companies.
New strategies based on collected data in line and compliant with company standards and guidelines.
Communicate and justify business performance to AXA Group during clearance calls
Regulatory reports: AVR, AS, QSR, etc.
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
2 - Analysis of profitability
Ensure timely preparation of profitability analyses on new as well as in-force business.
Apply the following framework:
o IFRS17, for analysis of profits
o IFRS17, for dividend recommendation and crediting rates study
o PFRS 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.
Timely and accurate analysis of reserves movement and underlying earnings
Analyses include adequate reasoning and insight
Timely delivery of key messages and recommendations to senior management based on work output
Systems dependencies for policy data; accuracy and timeliness of accounting information
Managing work plans (with IT, Accounting, Investment, AXA Group, etc.)
Prepare deliverables to local management committees
3 - Crediting Rates Review
Annual review of crediting rates including reserves/earnings implications
Crediting rates paper
Presentation of work output to senior management for review and approval
Collection of relevant data and potential limitations on existing systems to arrive at relevant and sound business decisions
4 - 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
5 - 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 (i.e. IT, Financial Control and Accounting, Distribution 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 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.
Qualifications
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 valuation
Personal Characteristics/Behaviors
Other 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 plus
AXA

Makati City, Metro Manila
Permanent
Full-time