Actuarial senior specialist - local valuationFWD Group

About FWD Life Insurance Corporation
FWD Life Insurance Corporation (FWD Insurance) is part of pan-Asian FWD Group. FWD Insurance launched its commercial operations in September 2014. As of end-2019, FWD Insurance ranks 1st in Customer Experience in the Philippines(1). FWD Insurance maintains its strong financial position as top 3 and 8 in terms of Paid-up Capital(2) and New Business Annual Premium Equivalent(3), respectively.
FWD Group spans Hong Kong & Macau, Thailand, Indonesia, the Philippines, Singapore, Vietnam, Japan, and Malaysia, offering life and medical insurance, general insurance, employee benefits, Shariah, and Family Takaful products across a number of its markets. Established in Asia in 2013, FWD is the insurance business of investment group, Pacific Century Group. In the Philippines, FWD has 17 business hubs located in key cities nationwide, with its headquarters in Bonifacio Global City in Taguig.
FWD is focused on creating fresh customer experiences, with easy-to-understand products, supported by digital technology. Through this customer-led approach, FWD aims to become a leading pan-Asian insurer that changes the way people feel about insurance.
For more information, please visit .
1 Based on a commissioned Customer Experience Index 2019, conducted by Forrester Consulting
2
Statistics
Life
2019
Based on Paid-Up Capital
3
Statistics
Life
2019
Based on New Business Annual Premium Equivalent
POSITION OVERVIEW:
The Actuarial Specialist for Valuation performs the valuation processes and controls related to the local regulatory reserving and capital reporting requirements to for FWD Philippines, including individual traditional life and unit-linked business, as well as other internal reporting relating to local reserves and capital. The role also requires performing the relevant analysis on reserve and capital movements as well as financial reports.
This includes calculating reserves and required capital, as well as assisting on the various reports required by Group Office as well as other customers such as Local Finance and Investments and the company's external auditors. As needed, the role requires helping the Head of Valuation in completing team tasks/deliverables as part of regular reporting thru ad hoc tasks.
KEY RESPONSIBILITIES:
Perform Local Statutory valuation of reserves and calculation of required capital in accordance with local regulations and applicable actuarial principles and guidelines, including the relevant analysis of results and performing valuation controls, submitting timely and accurate results and reports.
Perform tasks related to internal reporting and submission to Group Office to complete the internal closing process on time and with accurate submissions in accordance with established processes and FWD guidelines.
Assist the Actuarial Manager in relevant tasks relating to calculation, forecasting, and analysis of the companies' reserves and capital, as well as other investigations and analysis in relation to the company's financials and key performance indicators.
Other special projects and ad hoc tasks that may be assigned from time-to-time (e.g., non-regular forecasting, experience studies, development/implementation of actuarial models for new products, implement assumption changes)
REQUIRED SKILLS AND EXPERIENCE:
Graduate of Mathematics, Statistics, Actuarial Science, or similar courses
Preferably with Actuarial experience; Open to fresh graduates as well as those with experience working in an insurance company.
TECHNICAL SKILLS AND COMPETENCIES:
Problem Solving: Perform valuation processes with proper controls and analysis of results.
Communication: Clear communicator, both oral and written, in reserve movement and capital analysis
Innovation: Drive continuous improvement to support a growing business by streamlining processes and improving models
REQUIRED COMPETENCIES:
Customer Led: Uses feedback and interpersonal ability to establish and maintain positive relationships with customers.
Deliver the vision: Is able to describe what the plans are for own role and function and how they link to the company vision.
People orientated: Seeks input from team and encourages cooperation towards team goals
Decision making: Involves relevant stakeholders in the decision making process. Recognizes opportunities or problems requiring attention and evaluates the benefits/risks of taking action versus inaction.
Market led: Identifies the importance of different markets, customers and emerging products and technologies relevant to own area
Privacy Notice
Your privacy is a priority for FWD. The Company keeps your personal information with us in confidence. To know more about how we process your information, kindly refer to our FWD Recruitment Privacy Notice.
FWD has partnered with Talocity Instasolutions Private Limited ("Talocity") to manage the initial filtering of candidate's profiles through video interviews, social profile mapping, and video analytics using artificial intelligence engine that is offered within the Talocity platform. The platform evaluates the candidate on the five well-known dimensions as per OCEAN Personality Model that influence occupational success and help understand workplace behavior. For more information, please refer to .
When you apply, FWD will share your name, phone number and email address to Talocity to contact you and conduct the initial screening and profiling process. Shortlisted candidates will then be contacted by FWD for the face-to-face interview.
FWD Group

Philippines
Permanent
Full-time