Actuarial Director PH Valuation

We are currently searching for a talented and driven individual to join our Philippine Valuation team at MBPS Actuarial Function. Established in 2012, the team has become an actuarial center of excellence, with over 200 staff and growing, along with increasing range and ownership of deliverables, specializing in Valuation, Liability and Asset Modelling, Experience Analytics, Pricing, and more.

Position Responsibilities:

• Develop and maintain the AXIS and/or Excel models appropriate for the shareholder dividend recommendation, capital requirement calculation, group insurance valuation, and business plan initiatives.
• Support the annual shareholder dividend recommendation exercise by executing the model runs and communicating the results to the stakeholders.
• Calculate the capital requirements and its sensitivity to various risk drivers.
• Calculate the reserves of the group insurance business under Canadian IFRS and local bases, analyze the movement and trend of reserves, and prepare a commentary on the results to the Chief Actuary on quarterly basis.
• Support the annual business plan exercise in terms of calculations and sensitivities of projections of relevant accounts in the financial statement.
• Manage the changes in the shareholder dividend, capital requirement, group insurance valuation, and business plan models including assumption updates and new product modeling.
• Execute and adhere to the valuation controls based on Valuation Control Framework Requirements where applicable; support the internal and external audit exercise by maintaining process documentation and evidence of controls; model vetting and adoption of modeling best practices in accordance with model risk management and audit recommendations.
• Become a person of contact when engaging with actuarial and finance departments to provide technical support for any questions raised.
• Perform additional tasks and ad hoc initiatives assigned by the Chief Actuary from time to time. Immediate additional task is the conversion of the legacy dividend record datasets.

Required Qualifications:

• Bachelor’s Degree in Actuarial Science, Mathematics, Statistics, Finance, or related field.
• At least 8 years of actuarial work experience in Insurance or Financial Services.
• Associate designation in any recognized actuarial organization (SOA, ASP), with meaningful progress towards Fellowship.
• Excellent proficiency in MS Office (Excel, VBA, Access), GGY AXIS, SQL, Qlikview, Python or similar programs
• Demonstrated experience in applying actuarial concepts to independently model and analyze actuarial financial metrics
• Proven analytical and problem-solving skills with the ability to gather, synthesize, organize, and report information, results, and recommendations to various levels across the organization.
• Strong ability to establish priorities and manage multiple tasks with accuracy and attention to detail, for self and others.
• Amenable to work in UP Ayala Technohub (Quezon City)
• Amenable to work on a hybrid set-up (3x a week onsite)

When you join our team:

• We’ll empower you to learn and grow the career you want.
• We’ll recognize and support you in a flexible environment where well-being and inclusion are more than just words.
• As part of our global team, we’ll support you in shaping the future you want to see.