Actuarial Specialist 3

Sun Life of Canada (Philippines), Inc.; Philippines; On-site; PHP 1,400,000 - 2,000,000; Full time

Job summary

Sun Life of Canada (Philippines), Inc. is seeking an Actuarial Specialist in Par Management and Risk Modelling to support dividend studies, risk modelling and regulatory reporting for traditional participating products.

The role focuses on analytics, valuation, and scenario analyses to inform strategic decisions and regulatory compliance. The ideal candidate has a strong mathematical background, ASP designation, and at least seven years of actuarial experience in life insurance, with AXIS

Qualifications

• Strong mathematical or statistical background required
• ASP Associate or near‑associate designation
• Minimum 7 years actuarial experience, preferably in life insurance
• Proficient in actuarial modelling concepts and software such as AXIS, with strong Excel skills

Responsibilities

• Conduct annual dividend studies for traditional participating products
• Analyze experience and financial results to determine dividend recommendations
• Prepare and present dividend recommendations to Chief Actuary and senior management
• Deliver quarterly valuation deliverables for traditional participating products (TVOG, UDL)
• Perform stochastic asset modelling using actuarial software
• Support regulatory and management reports for participating business
• Prepare OSFI and other regulatory reporting submissions
• Contribute to annual Financial Condition Testing process
• Run scenario analyses to assess financial impact of adverse events
• Develop, enhance, and maintain risk sensitivity models for market and insurance risks

Skills

Actuarial modelling

AXIS

Excel

Analytical thinking

Communication skills

Education

Math/Statistics degree

ASP Associate

Tools

Actuarial software

Regulatory reporting tools

Job description

About the role

The Actuarial Specialist, Par Management and Risk Modelling is responsible for supporting participating (Par) business management activities and risk modelling initiatives within the Actuarial Valuation function. The role plays a key part in dividend studies, Par reporting, financial condition testing, and risk sensitivity analysis, providing valuable insights to support strategic decision-making and regulatory compliance.

Key responsibilities

• 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

• 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

• Contribute to the completion of the annual Financial Condition Testing (FCT) process

• Perform scenario analysis and assess the financial impact of adverse events

• Support the development, enhancement, and maintenance of risk sensitivity models for market and insurance risks

About you

• 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 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