Actuarial Specialist

Sun Life Financial; Philippines; On-site; PHP 1,200,000 - 2,000,000; Full time

Job summary

Sun Life Financial Philippines is seeking an experienced Actuary to lead dividend studies for traditional participating products and support par reporting activities. The role involves advanced modelling, OSFI/regulatory reporting support, and contributing to risk sensitivity analysis within a dynamic actuarial team.

The successful candidate will have a strong mathematical background, ASP Associate status, and at least 7 years in life insurance actuarial roles, with AXIS and Excel proficiency.

Qualifications

• University degree with a strong mathematical or statistical background.
• ASP Associate or near-associate status.
• 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 Excel skills.
• Excellent written and verbal communication; detail-oriented.
• Ability to manage multiple priorities under tight deadlines.

Responsibilities

• Conduct annual dividend studies for traditional participating (par) products.
• Analyze experience and financial results to determine dividend recommendations.
• Prepare and present dividend recommendations to the Chief Actuary and senior management.
• Prepare quarterly valuation deliverables related to traditional participating products, including TVOG and UDL.
• Perform stochastic asset modelling using actuarial software.
• Support regulatory reporting for the participating business (OSFI and others).
• Contribute to the annual FCT process and risk sensitivity analyses.
• Assist in ad-hoc actuarial projects and process improvements.

Skills

Actuarial modelling

AXIS software

Excel

Data analytics

Stakeholder management

Problem solving

Education

ASP Associate

Tools

AXIS

SQL

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:

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

• 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: Actuarial

Posting End Date: 29/11/2026

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