Actuarial managerAXA

Job TitleActuarial ManagerWritten By (Signature and Date)Lester MuyotReports ToHead of Actuarial Analytics and TransformationIncumbent (Signature and Date)--Division/DepartmentFinance/ActuarialApproved By (Signature and Date)Job Reference--Approved By (Signature and Date)--Level11Job PurposeTo perform actuarial modeling and analytical function 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, initiate innovative model designs to meet regulatory changes and business needs.To drive improvements by proposing and implementing changes in existing modelling methodologies and tools.以拼音方式閱讀Critical AccountabilitiesKey Result AreasMajor ActivitiesOutputChallenges and Risks1 - Actuarial Modeling
Implement actuarial modelling framework (consistent with Local Model Governance Policy) by applying local business context and knowledge.
Ensure timely and accurate model runs and outputs needed for regular reporting and planning/forecast exercises.
Manage relevant work streams and coordinate the delivery of information and reports with stakeholders.
Prophet models including data inputs from different stakeholders
Timely and accurate delivery of model runs
Analyses include adequate reasoning and insight on movement of key metrics (policy information, reserves, profits)
UAT signoff, Model enhancement request, etc.
System dependencies for policy data; accuracy and timeliness of accounting information
Managing work plans (with IT, Accounting, Investment, Group, etc.)
2 - Model Governance
Drive continuous improvement and change initiatives for Prophet system and/or related IT system to optimize and automate actuarial processes
Ensure that valuation models are updated and consistent with local, regulatory and Group standards.
Ensure proper documentation of all valuation methodology used.
Model Documentation
Regular meetings with stakeholders
Methodology and Process Documentation
Process Improvements
Creation of secured database
Data quality
Collection of relevant data and sources for justification of proxies used
Managing work plans with IT and other stakeholders such as valuation and pricing teams
3 - Actuarial Projects
Lead ad-hoc actuarial model projects (such as ALM) and provide business insights regarding its implications to actuarial processes and systems.
Develop strong network with corresponding AXA business partners for a timely delivery and consistency with the requirements.
Manage different types of modelling projects (e.g., products, reporting bases, model set-ups)
Analyses include adequate reasoning and insight on movement of key metrics (policy information, reserves, profits)
UAT signoff, model enhancement request, etc.
Communicate the results to stakeholders during clearance calls
Creation of a common database to properly document KPIs and other key indicators
Collection of relevant data
Managing work plans with stakeholders
4 - Support team and local business units
Discusses business implications of reports with own team for broader appreciation of work
Guides own team for continuous career development
Supports 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/DimensionsDecisionsQuantifiable Data Related to Job
Manage 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.
Communicate and explain the findings and result to various stakeholders in simple language
QualificationsSkills and KnowledgeEducational QualificationsRelevant Experience
Graduate of BS Mathematics, BS Accountancy, BS Statistics, or other related courses
At least Associate of a recognized actuarial society (ASP, SOA)
At least six (6) years experience in life insurance from any of the following exposure areas - Modelling, Valuation and Pricing
Experienced in model designs, methodologies, model development process, standard checking procedure and model governance
Personal Characteristics/BehaviorsOther Requirements
Detail-oriented
Delivers outputs on schedule
People management skills and coaching skills
Able to collaborate effectively with customers and/or colleagues outside own team structure
Understands actuarial model designs or development processes
Excellent verbal and written communication skills.
Proficient in Microsoft Office applications
Knowledge in Prophet
AXA

Philippines
Permanent
Full-time