Actuarial Manager

Sun Life Financial; Philippines; On-site; PHP 2,400,000 - 4,200,000; Full time

Job summary

Sun Life Financial is seeking an Actuarial Manager for Par Management and Risk Modelling in the Philippines. Lead dividend studies, Par reporting, FCT, and risk sensitivity analyses while managing a team of actuarial professionals. Drive process improvements and collaborate with Finance, Risk, ALM, Pricing, and regional offices to support strategic initiatives.

The role emphasizes leadership, stakeholder management, and providing insights to support regulatory compliance and business decisions.

Qualifications

• University degree with strong mathematical or statistical background.
• Associate or near-associate of the Actuarial Society of the Philippines (ASP).
• 7+ years actuarial experience, preferably in life insurance.
• Strong knowledge of actuarial modelling and valuation concepts.
• Experience with actuarial modelling software, preferably AXIS.
• Proficiency in Excel and Microsoft Office.
• Analytical thinking with strong decision-making.
• Ability to manage priorities and deliver under tight timelines.
• Accountability, ownership and continuous improvement mindset.
• Excellent written and verbal communication; able to explain technical concepts.
• Collaborative team player with stakeholder management skills.

Responsibilities

• Dividend study: lead annual study for traditional Par products and present findings.
• Par reporting: deliver quarterly valuation reports and OSFI documentation.
• Financial Condition Testing (FCT): lead annual process and communicate insights.
• Risk sensitivity analysis: direct model development and quarterly results.
• Ad-hoc projects: support business planning, automate processes, and drive improvements.

Skills

Mathematical/statistical background

Actuarial modelling

Excel proficiency

Analytical thinking

Prioritisation under deadlines

Accountability/ownership

Communication skills

Stakeholder management

Education

University degree (math/statistics)

ASP associate/near-associate

Tools

AXIS

Job description

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 Manager, Par Management and Risk Modelling is responsible for leading the Participating (Par) business management and risk modelling activities within the Actuarial Valuation function. The role oversees dividend studies, Par reporting, Financial Condition Testing (FCT), and risk sensitivity analysis, while providing strategic insights to support business decision‑making, financial management, and regulatory compliance. The incumbent is responsible for managing a team of actuarial professionals, ensuring timely delivery of key actuarial outputs, fostering team development, and driving continuous improvement initiatives.

Responsibilities

• Dividend Study: Lead the annual dividend study process for traditional participating (Par) products. Review experience analyses and financial results to support dividend recommendations. Provide recommendations and present key findings to the Chief Actuary and senior management. Ensure dividend recommendations are appropriately supported, documented, and aligned with company objectives.
• Par Reporting: Manage the delivery of the quarterly valuation related to traditional par products such as Time Value of Guarantee (TVOG), and Unallocated Dividend Liability (UDL) Manage the preparation of relevant reports for OSFI regulatory requirements for traditional par products Direct stochastic asset modelling activities and ensure the appropriateness of modelling methodologies and assumptions.
• Financial Condition Testing (FCT) Lead the completion of the annual Financial Condition Testing process. Review results and communicate key insights, risks, and recommendations to senior management.
• Risk Sensitivity Analysis: Provide direction for the development, enhancement, and maintenance of market and insurance risk sensitivity models. Oversee the production and interpretation of quarterly risk sensitivity results. Assess key risk exposures and communicate their implications to business leaders and stakeholder
• Ad-hoc projects depending on business needs such as but not limited to Provide support on the semi-annual business plan projections Drive process improvement, automation, and model enhancement initiatives to improve efficiency, controls, and scalability Partner with Finance, Risk Management, ALM, Pricing, Regional office and other stakeholders on strategic initiatives. Lead or contribute to special projects and actuarial initiatives as required

Leadership and People Management

• Lead, coach, and develop a team of actuarial professionals supporting Par Management and Risk Modelling activities. Establish team goals, monitor performance, and provide ongoing feedback and career development support. Ensure appropriate workload distribution and effective resource planning to meet business objectives. Foster a collaborative and high‑performing team environment.

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.
• Strong analytical thinking and decision‑making capabilities.
• Ability to manage competing priorities and deliver high‑quality results under tight timelines.
• Strong sense of accountability, ownership, and continuous improvement
• Excellent written and verbal communication skills, including the ability to explain technical concepts to non‑technical stakeholders.
• Collaborative team player with strong stakeholder management skills.

Job Category and End Date

Job Category: Actuarial

Posting End Date: 29/11/2026

Shine together At Sun Life, you can be your most brilliant self. Our supportive, flexible, and inclusive work environment is one where you – and your career – can thrive. Whatever your aspirations, collaborative leaders and colleagues are ready to help you learn, grow, and succeed. Make life brighter We’re a global company with a passion for people. Our purpose is to help Clients achieve lifetime financial security and live healthier lives. As a team of 30,000 across 26 countries, our impact is far‑reaching, and locally relevant There’s power in numbers. As part of Sun Life’s growing team, you have an impact on people in your community and around the world. Shape the future With an optimistic eye on a brighter future, we drive to innovate. Be part of leading change, push boundaries and try new ways of working. Use data to drive bold actions. Be agile and pivot as we test and learn. At Sun Life, we’re driving transformation, sustainability and innovation for our Clients, employees, partners, and communities. Join us. Together, we can make the future brighter. Join a top employer for a brighter future.