Senior Actuarial Specialist

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Senior Actuarial Specialist

Apply locations Philippines - FWD Corporate Office 1 time type Full time posted on Posted 27 Days Ago job requisition id R-0019260 About FWD Life Philippines  FWD Life Insurance Corporation (FWD Life Philippines) launched its commercial operations in September 2014. As of end-2022, FWD Life Philippines ranks 3rd and 6th in terms of Paid-up Capital(1) and New Business Annual Premium Equivalent(2), respectively. FWD Group is a pan-Asian life insurance business with more than 11 million customers across 10 markets, including some of the fastest-growing insurance markets in the world. FWD reached its 10-year anniversary in 2023. The company is focused on making the insurance journey simpler, faster and smoother, with innovative propositions and easy-to-understand products, supported by digital technology. Through this customer-led approach, FWD is committed to changing the way people feel about insurance. For more information, please visit fwd.com.ph . 1 > Statistics > Life > 2022 > Based on Paid-Up Capital 2 > Statistics > Life > 2022 > Based on New Business Annual Premium Equivalent The Senior Actuarial Specialist for Valuation performs the valuation processes and controls related to the internal Economic Capital (EC) reporting requirements for FWD Philippines as mandated by Group Office, including individual traditional life and unit-linked business, asset and liability projections, and submissions to the Insurance Commission for the soon to be implemented Local IFRS17 reporting. The role also requires performing the relevant analysis on asset, liability and capital movements as well as financial reports. This includes calculating Best Estimate Liability, Risk Adjustment, and Required Economic Capital, as well as assisting on the various reports required by Group Office as well as other customers such as Local Finance, Risk, and Investments. As needed, the role requires helping the Head of Valuation in completing team tasks/deliverables as part of regular reporting thru ad hoc tasks. 1. Perform Economic Capital calculations and deliver submissions in accordance with internal policies, regulation, and applicable actuarial principles and guidelines, including the relevant analysis of results and performing valuation controls, submitting timely and accurate results and reports. 2. Perform tasks related to FRS17 Local implementation to prepare for internal closing process on time and with accurate submissions in accordance with soon to be finalized regulation and guidelines on IFRS17 from the regulator. 3. Assist the Actuarial Senior Manager in relevant tasks relating to calculation, forecasting, and analysis of the companies’ liabilities and capital, as well as other investigations and analysis in relation to the company’s financials and key performance indicators. 4. 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) 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 Talocity Privacy Policy . 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. 

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locations Philippines - FWD Corporate Office 1 time type Full time posted on Posted 30+ Days Ago Established in 2013, FWD is the insurance business of investment group, Pacific Century Group. We currently serve over 5 million customers across pan Asia. In fact we’re now one of the fastest-growing companies in one of the fastest-growing markets in the most dynamic region in the world. Find out more at Our vision FWD is a different kind of insurance company. Led by our customers. Driven by technology. And our vision is simple: to change the way people feel about insurance. So we offer a new kind of insurance. It’s easier to understand, easier to buy, and easier to claim. This isn't the way insurance usually feels. But we’re not your usual insurance company. Life at FWD We want you and your career to thrive with us. That’s why we offer competitive benefits in a dynamic, fun and pro-active environment that nurtures fearless innovation. Our people Our teams come from a surprisingly wide variety of industries and backgrounds, because we place a high value on the different perspectives which having a truly diverse pool of talent and experience brings to the party. Our values – committed, innovative, proactive, open and caring – define who we are and what we do as we work together to bring our vision to life, every single day. We’re always excited to hear from potential new colleagues who share our passion and vision, so if any of these descriptions sound like you then we’d love to talk to you. Challenger. Help us throw out the rule book and look at our industry through a different lens. Join us in our bold vision as we build a new kind of company for a new kind of customer. Champion. Be part of an organisation that believes in the value of trust. Because we know that each promise we keep turns into something far more powerful. Innovator. Here's to those who love to solve a problem – who see them as challenges rather than roadblocks. We guarantee that each and every new idea will not only stretch you but will also truly make a difference - to our customers as well as our industry. Caring for our communities At FWD we have a strong sense of responsibility and care for the communities in which we work. So we encourage our employees to be part of something bigger by giving back to their communities through our Community Care work – our corporate social responsibility programme. If you want to hear about other roles within FWD, follow us on  LinkedIn #J-18808-Ljbffr