Chief Actuary

Company 164 - The Manufacturers Life Insurance Co. (Phils.), Inc.; Makati; Híbrido; PHP 5.000.000 - 9.000.000; Jornada completa

Ventajas ofrecidas por este puesto de trabajo

Hybrid work arrangement

Descripción de la vacante

Manulife/John Hancock in Metro Manila seeks a Chief Actuary to lead the actuarial function, manage reserves and capital, and advise the Board on solvency and regulatory matters. The role steers capital management, valuation frameworks and risk governance, while attracting and developing a high-performing actuarial team.

The successful candidate will drive strategic financial planning, produce insights for senior management, and represent the company with regulators. Hybrid work arrangement.

Formación

• Fellow of the Actuarial Society of the Philippines (FASP) or Fellow of the Society of Actuaries (FSA).
• At least 10 years of experience in roles of increasing responsibility.
• Strong understanding of multiple accounting bases such as IFRS and Philippine Statutory accounting.
• Ability to build and lead a team of at least 20 actuarial managers and analysts.
• Strong communication skills in both verbal and written forms.

Responsabilidades

• Financial Management: actuarial valuation under IFRS, PFRS and Statutory bases.
• Provide MIS, analysis and decision support to management.
• Communicate drivers of earnings and trends to senior management.
• Provide financial advice with projections and stress tests for planning.
• Timely financial reporting including RBC solvency ratios and EV for Board.
• Own capital management framework and advise on capital adequacy and deployment.
• Regulatory duties: independent actuarial advice and regulator submissions.
• Lead actuarial function and talent development; drive continuous improvement.

Conocimientos

Actuarial fellowship

10+ years experience

Accounting bases knowledge

Team leadership

Strong communication

Interpersonal skills

Strategic thinking

Regulatory liaison

Educación

Fellow of the Actuarial Society of the Philippines (FASP) or Fellow of the Society of Actuaries (FSA)

Descripción del empleo

The Chief Actuary is a senior executive role within the company, accountable to the Board and senior management for the integrity of the company’s reserves and capital. The incumbent serves as the steward of reserve and capital strength, as a trusted advisor to the Board, the CFO and senior management, as the company’s principal point of accountability on actuarial regulatory matters, and as a key leader in the actuarial community. The incumbent is accountable for the financial management framework, which encompasses reserve valuation on several accounting bases; Par dividend determination; capital management and actuarially related regulatory compliance; asset/liability management; reinsurance strategies and administration; embedded value analysis; and business planning and development. This includes providing the Board and its committees with clear, independent actuarial advice on reserves, solvency and capital adequacy; representing the company before regulators on actuarial and capital matters; and guiding capital management decisions that balance growth, risk and shareholder returns. As a member of the senior leadership team, the Chief Actuary contributes to enterprise-wide strategy, risk appetite and business decisions, and is expected to attract, develop and lead a team of high performing actuaries while demonstrating strong technical and analytical skills.

Position Responsibilities

• Financial Management Responsible for actuarial valuation under various bases: IFRS, PFRS and Statutory
• Provide and communicate meaningful MIS, analysis and decision support to management
• Provide and communicate drivers of earnings analysis and identify trends and business issues to highlight to senior management
• Provide financial advice with financial projection and stress tests for business planning
• Provide timely and accurate financial reporting, including local RBC solvency ratios and EV, and present results and key insights to the Board and its committees
• Own the capital management framework, including capital planning, RBC solvency position and capital relief options, and advise the Board and senior management on capital adequacy, risk appetite and capital deployment decisions
• Risk Management Perform the statutory duties of an Actuary, including: Provide the Board and its committees with independent actuarial advice and assurance on reserve adequacy, solvency and the company’s material risk exposures Meet regulatory reporting requirements providing accurate results in a timely manner, with accountability for the integrity of all actuarial submissions to the regulator Serve as the company’s principal actuarial representative to the Insurance Commission and other regulators, providing timely impact analysis on RBC and other Insurance Commissioner requests
• Par Fund Management Ensure valuation control and good model risk management are in place Perform experiences studies and manage the basis change process Review reinsurance treaties and ensure execution of treaties Leadership Serve as a member of the senior leadership team, contributing to enterprise-wide strategy, risk appetite and major business decisions, and taking accountability for the actuarial function’s results and governance Play a leading role in talent development, succession planning, team communication, engagement, direction and priorities. Collaborate to identify enterprise wide efficiencies. Address the need for change management and continuous improvement of actuarial processes Growth and Business review Provide financial analysis to support distribution channel growth and other business initiatives. Support new product and fund launches Provide regular updates to the Board and senior management on impending regulatory changes and their impact on capital and business strategy Play an active role in industry actuarial committees

Required Qualifications

Fellow of the Actuarial Society of the Philippines (FASP) or Fellow of the Society of Actuaries (FSA). At least 10 years of experience in roles of increasing responsibility. Strong understanding of multiple accounting bases, such as IFRS and Philippine Statutory accounting. Sound technical and analytical skills. Ability to build and lead a team of at least 20 actuarial managers and analysts. Proven ability to think strategically, drive changes and overcome obstacles in a timely manner. Strong communication skills in both verbal and written forms. Required to prepare reports and presentations for a variety of audiences. Excellent interpersonal skills and ability to work with different departments and stakeholders. Comfortable translating technical actuarial subject matters into layman terms

When you join our team

We’ll empower you to learn and grow the career you want. We’ll recognize and support you in a flexible environment where well-being and inclusion are more than just words. As part of our global team, we’ll support you in shaping the future you want to see.

About Manulife and John Hancock

Manulife Financial Corporation is a leading international financial services provider, helping people make their decisions easier and lives better.

To learn more about us, visit https://www.manulife.com/en/about/our-story.html.

Equal Opportunity Employer

Manulife is an Equal Opportunity Employer At Manulife/John Hancock, we embrace our diversity. We strive to attract, develop and retain a workforce that is as diverse as the customers we serve and to foster an inclusive work environment that embraces the strength of cultures and individuals. We are committed to fair recruitment, retention, advancement and compensation, and we administer all of our practices and programs without discrimination on the basis of race, ancestry, place of origin, colour, ethnic origin, citizenship, religion or religious beliefs, creed, sex (including pregnancy and pregnancy-related conditions), sexual orientation, genetic characteristics, veteran status, gender identity, gender expression, age, marital status, family status, disability, or any other ground protected by applicable law. It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will work with applicants who request a reasonable accommodation during the application process. All information shared during the accommodation request process will be stored and used in a manner that is consistent with applicable laws and Manulife/John Hancock policies. To request a reasonable accommodation in the application process, contact [e-mail].

Working Arrangement

Hybrid

We're Manulife. And we’re on a mission to make decisions easier and lives better. Better is what drives us. It’s what inspires us to find new ways to support customers and colleagues in living longer and healthier lives. It’s the reason we’re dedicated to investing in digital innovation and industry-leading AI, and accelerating a sustainable and economically inclusive future. Joining us means you’ll be empowered to learn and grow your career. We’ll recognize and support you in a flexible environment where well-being and inclusion are more than just words. And as part of our global team, you’ll help shape the future you want to see – and discover that better can take you anywhere you want to go. We’re proud of our accomplishments and recognition.

Recent Awards

• 2026 Gallup Exceptional Workplace Award Winner
• Manulife Named one of Forbes World’s Best Employers 2025
• Financial Times World’s Best Employers Asia-Pacific 2026
• We’ve been recognized as one of Canada’s Top 100 Employers 2026
• #1 Life Insurer for AI Maturity by Evident 2026

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Learn more at https://www.manulife.com/.