Actuarial Manager - Par Management & Risk Modelling

Sun Life; Taguig; On-site; PHP 1,800,000 - 3,000,000; Full time

Job summary

Sun Life Philippines seeks an Actuarial Manager, Par Management and Risk Modelling, to lead Par business management and risk modelling within Actuarial Valuation. You will manage a team, oversee dividend studies, Par reporting, FCT, and risk sensitivity analyses, and provide strategic insights for business decisions and regulatory compliance.

You will drive continuous improvement, work with senior management, and coordinate with Finance, Risk Management, ALM, Pricing, and regional offices on

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 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.

Responsibilities

• 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.
• Manage the delivery of the quarterly valuation related to traditional par products (TVOG, UDL).
• Prepare reports for OSFI regulatory requirements for traditional par products.
• Direct stochastic asset modelling activities and ensure modelling methodologies and assumptions are appropriate.
• Lead the completion of the annual Financial Condition Testing process.
• Review results and communicate insights, risks, and recommendations to senior management.
• Provide direction for the development 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 implications to business leaders.
• Provide support on ad-hoc projects including semi-annual business plan projections, process improvements, and strategic initiatives with Finance, Risk, ALM, Pricing, and regional offices.
• Lead or contribute to special projects and actuarial initiatives as required.
• Lead, coach, and develop a team of actuarial professionals; manage workload and resources.

Skills

Actuarial modelling

Analytical thinking

Communication

Stakeholder management

Leadership

Education

University degree in mathematics/statistics

ASP associate or near-associate

Tools

AXIS

Excel

Job description

Sun Life Philippines seeks an Actuarial Manager, Par Management and Risk Modelling, to lead Par business management and risk modelling within Actuarial Valuation. You will manage a team, oversee dividend studies, Par reporting, FCT, and risk sensitivity analyses, and provide strategic insights for business decisions and regulatory compliance.

You will drive continuous improvement, work with senior management, and coordinate with Finance, Risk Management, ALM, Pricing, and regional offices on