Actuarial Specialist

You are as unique as your background, experience and point of view. Here, you’ll be encouraged, empowered and challenged to be your best self. You'll work with dynamic colleagues - experts in their fields - who are eager to share their knowledge with you. Your leaders will inspire and help you reach your potential and soar to new heights. Every day, you'll have new and exciting opportunities to make life brighter for our Clients - who are at the heart of everything we do.

At Sun Life, we're driven by our Purpose: helping our Clients achieve lifetime financial security and live healthier lives. Our values shape how we work: caring, authentic, bold, inspiring, and impactful.

When you join Sun Life, you'll work with passionate colleagues and empowering leaders who support your growth and celebrate your contributions, so you can make a meaningful difference in our Clients' lives.

Discover how you can make a difference in the lives of individuals, families and communities around the world.

Job Description:

The Actuarial Specialist, Par Management and Risk Modelling is responsible for supporting participating (Par) business management activities and risk modelling initiatives within the Actuarial Valuation function. The role plays a key part in dividend studies, Par reporting, financial condition testing, and risk sensitivity analysis, providing valuable insights to support strategic decision-making and regulatory compliance.

Responsibilities

Dividend Study:   

• Conduct comprehensive annual dividend studies for traditional participating (par) products
• Analyze experience and financial results to determine appropriate dividend recommendations.
• Prepare and present well-supported dividend recommendations to the Chief Actuary and senior management.

Par Reporting:

• Prepare quarterly valuation deliverables related to traditional participating products, including: Time Value of Guarantees (TVOG) and Unallocated Dividend Liability (UDL)
• Perform stochastic asset modelling using actuarial software.
• Support the preparation of regulatory and management reports related to the participating business.
• Prepare reports required for OSFI and other regulatory reporting requirements.

Financial Condition Testing (FCT):   

• Contribute to the completion of the annual FCT process
• Perform scenario analysis and assess the financial impact of adverse events.
• Analyze results and prepare reports and presentations for senior management review.

Risk Sensitivity Analysis:   

• Support the development, enhancement, and maintenance of risk sensitivity models for market and insurance risks.
• Produce and analyze quarterly market and insurance risk sensitivity results.
• Provide insights and recommendations based on observed trends and risk exposures.

Ad-hoc projects depending on business needs such as but not limited to:

• Support semi-annual business planning and projection exercises.
• Contribute to process improvement and automation initiatives within the Actuarial function.
• Participate in strategic and ad hoc actuarial projects as required by the business.

Qualifications

• University degree with a strong mathematical or statistical background
• Associate or near-associate of the Actuarial Society of the Philippines (ASP)
• Minimum of 7 years of actuarial experience, preferably within life insurance
• Strong knowledge of actuarial modelling and valuation concepts.
• Hands-on experience with actuarial modelling software, preferably AXIS.
• Strong proficiency in Microsoft Office applications, particularly Excel.
• Experience with automation and data analytics tools is an advantage.
• Strong analytical and problem-solving capabilities.
• High attention to detail and strong sense of ownership.
• Excellent written and verbal communication skills, including the ability to explain technical concepts to non-technical stakeholders.
• Ability to manage multiple priorities and deliver high-quality work under tight deadlines.
• Collaborative team player with strong stakeholder management skills.

Job Category:

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