Actuarial Officer (Modeling)
AXA
Actuarial Officer (Modeling)
Job Description
Job ID: 250005TS
Entity: AXA Asian Market
Job Title | Actuarial Officer | Written By (Signature and Date) | Lester Muyot |
Reports To | Actuarial Manager | Incumbent (Signature and Date) | -- |
Division/Department | Finance/Actuarial | Approved By (Signature and Date) | -- |
Job Reference | -- | Approved By (Signature and Date) | -- |
Job Purpose | Perform actuarial modeling and relevant strategic functions while working closely with other functional units to help ensure the company’s accurate and timely financial reporting. |
Critical Accountabilities | |||
Key Result Areas | Major Activities | Output | Challenges and Risks |
1 – Actuarial Modeling | • Adequately capture the elements of Life Actuarial models both inside and outside of to produce reliable financial projections. • Prepare data inputs, setup and run Actuarial models, and provide insights to the results of key financial metrics (reserving and value measurement). • Provide support in ad-hoc projects such as Strategic Planning, Assumption Changes, Capital Allocation, and IFRS17. | • 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) • Reporting of model changes • Process improvements | • System dependencies for policy data; accuracy and timeliness of accounting information • Managing different stakeholders (with IT, Accounting, Investment, Group, GBS etc.) |
2 – Model Governance | • Ensure full compliance to the Local Model Governance Policy with respect to assumption changes, model enhancements, and model validation. • Facilitate updates in the process documentations of key Actuarial processes. | • Controls, assessments on data quality • Detailed checks and data indices • Maintenance of Actuarial models and assumptions • Model inventory and documentation | • Time management and resiliency • Detailed controls and documentation • Data quality |
3 – Resource pool | • Become part of the Finance resource pool and assist in other finance and actuarial tasks according to the secondary function assignment | • Actuarial and financial reports, papers, and commentary | • Time management and resiliency |
Key Decisions/Dimensions | |
Decisions | Quantifiable Data Related to Job |
• Determine priorities, set objectives and procedures to accomplish goals for the actuarial modeling function and other actuarial/finance functions. • Decide within authority and elevate recommendation to higher authority for decisions outside own authority. | • Produce high-quality reports, analytics documentation, and commentary. |
Skills and Knowledge | |
Educational Qualifications | Relevant Experience |
• Graduate of BS Mathematics, BS Accountancy, BS Statistics, or other related courses | • At least two (2) years’ experience in life insurance finance or similar experience |
Personal Characteristics/Behaviors | Other Requirements |
• Knowledge in Prophet or other Actuarial softwares preferred • 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 |
Please visit www.axa.com.ph/careers for more information.
A global leader in insurance and investments, AXA takes care of 103 million lives in 64 countries worldwide. We actively invest in pioneering and personalized solutions to meet your ever-changing needs and exceed your expectations. In the Philippines, we are in partnership with Metrobank, one of the country's strongest banks.
Established in 1999, AXA Philippines is one of the largest and fastest growing life insurance companies in the country. It offers financial security to more than one million individuals through its group and individual life insurance as well as general insurance products through its subsidiary Charter Ping An.
AXA Philippines is one of the first to introduce bancassurance operations in the country, and is among the pioneers in the investment-linked insurance sector.
AXA now offers a complete range of products for all its customers’ insurance and financial protection needs, including savings and investments, health plans, income protection, and health coverage; and through its general insurance subsidiary Charter Ping An Insurance Corporation: fire, motor car, marine cargo, personal accident, bonds, casualty, and engineering insurance products.
AXA Philippines closed 2017 with P26.4 billion in total premium income and P5.7 billion in gross written premiums from Charter Ping An. Today, AXA has more than 4,000 financial advisers in 36 branches, and 700 financial executives in over 900 Metrobank and PSBank branches nationwide. Charter Ping An, on the other hand, has 22 branches nationwide and 2,007 agents.
AXA Philippines is a joint venture between the AXA Group, headquartered in France, and the Metrobank Group, one of the largest financial conglomerates in the Philippines.
The Metrobank Group is a conglomerate of industry-leading businesses that includes First Metro Investment Corporation, Metrobank Credit Cards, Federal Land, Toyota, and Manila Doctors Hospital. It was hailed Best Bank in the Philippines in 2010, 2011, and 2012 by Euromoney and recognized as the strongest bank in the Philippines by The Asian Banker in 2013. It is owned by the Ty Family whose major business interests include financial services, real estate development, power, and manufacturing.
Locations
- Philippines,
Salary
600,000 - 1,200,000 PHP / yearly
Skills Required
- Detail-orientedintermediate
- Delivers outputs on scheduleintermediate
- Highly developed analytical and problem solving skillsintermediate
- Able to collaborate effectively with customers and/or colleagues outside own team structureintermediate
- Excellent verbal and written communication skillsintermediate
- Proficient in Microsoft Office applicationsintermediate
Required Qualifications
- Graduate of BS Mathematics, BS Accountancy, BS Statistics, or other related courses (experience)
- At least two (2) years’ experience in life insurance finance or similar experience (experience)
Preferred Qualifications
- Knowledge in Prophet or other Actuarial softwares preferred (experience)
Responsibilities
- Adequately capture the elements of Life Actuarial models both inside and outside of to produce reliable financial projections.
- Prepare data inputs, setup and run Actuarial models, and provide insights to the results of key financial metrics (reserving and value measurement).
- Provide support in ad-hoc projects such as Strategic Planning, Assumption Changes, Capital Allocation, and IFRS17.
- Prophet models including data inputs from different stakeholders
- Ensure full compliance to the Local Model Governance Policy with respect to assumption changes, model enhancements, and model validation.
- Facilitate updates in the process documentations of key Actuarial processes.
- Become part of the Finance resource pool and assist in other finance and actuarial tasks according to the secondary function assignment
Benefits
- general: Competitive salary
- general: Health insurance
- general: Professional development opportunities
- general: Part of a global leader in insurance
Answer 10 quick questions to check your fit for Actuarial Officer (Modeling) @ AXA.
Actuarial Officer (Modeling)
AXA
Actuarial Officer (Modeling)
Job Description
Job ID: 250005TS
Entity: AXA Asian Market
Job Title | Actuarial Officer | Written By (Signature and Date) | Lester Muyot |
Reports To | Actuarial Manager | Incumbent (Signature and Date) | -- |
Division/Department | Finance/Actuarial | Approved By (Signature and Date) | -- |
Job Reference | -- | Approved By (Signature and Date) | -- |
Job Purpose | Perform actuarial modeling and relevant strategic functions while working closely with other functional units to help ensure the company’s accurate and timely financial reporting. |
Critical Accountabilities | |||
Key Result Areas | Major Activities | Output | Challenges and Risks |
1 – Actuarial Modeling | • Adequately capture the elements of Life Actuarial models both inside and outside of to produce reliable financial projections. • Prepare data inputs, setup and run Actuarial models, and provide insights to the results of key financial metrics (reserving and value measurement). • Provide support in ad-hoc projects such as Strategic Planning, Assumption Changes, Capital Allocation, and IFRS17. | • 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) • Reporting of model changes • Process improvements | • System dependencies for policy data; accuracy and timeliness of accounting information • Managing different stakeholders (with IT, Accounting, Investment, Group, GBS etc.) |
2 – Model Governance | • Ensure full compliance to the Local Model Governance Policy with respect to assumption changes, model enhancements, and model validation. • Facilitate updates in the process documentations of key Actuarial processes. | • Controls, assessments on data quality • Detailed checks and data indices • Maintenance of Actuarial models and assumptions • Model inventory and documentation | • Time management and resiliency • Detailed controls and documentation • Data quality |
3 – Resource pool | • Become part of the Finance resource pool and assist in other finance and actuarial tasks according to the secondary function assignment | • Actuarial and financial reports, papers, and commentary | • Time management and resiliency |
Key Decisions/Dimensions | |
Decisions | Quantifiable Data Related to Job |
• Determine priorities, set objectives and procedures to accomplish goals for the actuarial modeling function and other actuarial/finance functions. • Decide within authority and elevate recommendation to higher authority for decisions outside own authority. | • Produce high-quality reports, analytics documentation, and commentary. |
Skills and Knowledge | |
Educational Qualifications | Relevant Experience |
• Graduate of BS Mathematics, BS Accountancy, BS Statistics, or other related courses | • At least two (2) years’ experience in life insurance finance or similar experience |
Personal Characteristics/Behaviors | Other Requirements |
• Knowledge in Prophet or other Actuarial softwares preferred • 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 |
Please visit www.axa.com.ph/careers for more information.
A global leader in insurance and investments, AXA takes care of 103 million lives in 64 countries worldwide. We actively invest in pioneering and personalized solutions to meet your ever-changing needs and exceed your expectations. In the Philippines, we are in partnership with Metrobank, one of the country's strongest banks.
Established in 1999, AXA Philippines is one of the largest and fastest growing life insurance companies in the country. It offers financial security to more than one million individuals through its group and individual life insurance as well as general insurance products through its subsidiary Charter Ping An.
AXA Philippines is one of the first to introduce bancassurance operations in the country, and is among the pioneers in the investment-linked insurance sector.
AXA now offers a complete range of products for all its customers’ insurance and financial protection needs, including savings and investments, health plans, income protection, and health coverage; and through its general insurance subsidiary Charter Ping An Insurance Corporation: fire, motor car, marine cargo, personal accident, bonds, casualty, and engineering insurance products.
AXA Philippines closed 2017 with P26.4 billion in total premium income and P5.7 billion in gross written premiums from Charter Ping An. Today, AXA has more than 4,000 financial advisers in 36 branches, and 700 financial executives in over 900 Metrobank and PSBank branches nationwide. Charter Ping An, on the other hand, has 22 branches nationwide and 2,007 agents.
AXA Philippines is a joint venture between the AXA Group, headquartered in France, and the Metrobank Group, one of the largest financial conglomerates in the Philippines.
The Metrobank Group is a conglomerate of industry-leading businesses that includes First Metro Investment Corporation, Metrobank Credit Cards, Federal Land, Toyota, and Manila Doctors Hospital. It was hailed Best Bank in the Philippines in 2010, 2011, and 2012 by Euromoney and recognized as the strongest bank in the Philippines by The Asian Banker in 2013. It is owned by the Ty Family whose major business interests include financial services, real estate development, power, and manufacturing.
Locations
- Philippines,
Salary
600,000 - 1,200,000 PHP / yearly
Skills Required
- Detail-orientedintermediate
- Delivers outputs on scheduleintermediate
- Highly developed analytical and problem solving skillsintermediate
- Able to collaborate effectively with customers and/or colleagues outside own team structureintermediate
- Excellent verbal and written communication skillsintermediate
- Proficient in Microsoft Office applicationsintermediate
Required Qualifications
- Graduate of BS Mathematics, BS Accountancy, BS Statistics, or other related courses (experience)
- At least two (2) years’ experience in life insurance finance or similar experience (experience)
Preferred Qualifications
- Knowledge in Prophet or other Actuarial softwares preferred (experience)
Responsibilities
- Adequately capture the elements of Life Actuarial models both inside and outside of to produce reliable financial projections.
- Prepare data inputs, setup and run Actuarial models, and provide insights to the results of key financial metrics (reserving and value measurement).
- Provide support in ad-hoc projects such as Strategic Planning, Assumption Changes, Capital Allocation, and IFRS17.
- Prophet models including data inputs from different stakeholders
- Ensure full compliance to the Local Model Governance Policy with respect to assumption changes, model enhancements, and model validation.
- Facilitate updates in the process documentations of key Actuarial processes.
- Become part of the Finance resource pool and assist in other finance and actuarial tasks according to the secondary function assignment
Benefits
- general: Competitive salary
- general: Health insurance
- general: Professional development opportunities
- general: Part of a global leader in insurance
Answer 10 quick questions to check your fit for Actuarial Officer (Modeling) @ AXA.