Actuarial Specialist 3

Sunlife; Taguig; On-site; PHP 900,000 - 1,300,000; Full time

Job summary

Sunlife Philippines seeks an Actuarial Specialist, Par Management and Risk Modelling to support Par management activities and risk modelling within the Actuarial Valuation function. The role covers dividend studies, Par reporting, financial condition testing, and risk sensitivity analysis to inform strategic decisions and regulatory compliance.

The ideal candidate has a university degree in mathematics or statistics, ASP associate status, and at least 7 years of actuarial life-insurance

Qualifications

• University degree in mathematics or statistics required.
• ASP associate or near-associate status required.
• Minimum 7 years of actuarial experience, preferably in life insurance.
• Strong knowledge of actuarial modelling and valuation concepts.
• Hands-on experience with AXIS and Excel.
• Experience with automation and data analytics is an advantage.

Responsibilities

• Conduct dividend studies for traditional participating 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 (TVOG, UDL) for participating products.
• Perform stochastic asset modelling using actuarial software.
• Support regulatory and management reports for participating business (OSFI, etc.).
• Contribute to annual FCT process and risk sensitivity analysis.
• Develop and maintain risk sensitivity models for market and insurance risks.
• Provide insights and recommendations based on trends and exposures.
• Participate in ad-hoc actuarial projects and process improvements.

Skills

Actuarial modelling

Analytical thinking

Stakeholder management

Problem solving

Education

University degree in mathematics or statistics

ASP associate or near-associate

Tools

AXIS

Excel

Job description

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.

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.

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.
• 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 depending on business needs such as but not limited to:

• 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.