Chief Actuary, Philippines

Sun Life; Philippines; On-site; PHP 1,800,000 - 3,200,000; Full time

Job summary

Sun Life Philippines seeks a senior actuary to lead strategic direction for actuarial operations, including valuation, pricing, assumptions, dividend setting, capital management, reinsurance and regulatory reporting. You will guide a team of actuaries and present financial insights to senior management across the organization.

The role requires extensive actuarial experience in the Philippine insurance industry, with a track record of leadership, integrity and risk management.

Qualifications

• College degree in Mathematics or Statistics.
• Fellow of the Actuarial Society of the Philippines.
• Prerequisite management training or at least five (5) years of experience managing people.
• Minimum 10 years of prior working experience in the insurance industry, including experience related to several actuarial functions.

Responsibilities

• Strategic: Develops strategic direction for actuarial operations.
• Functional/ Business: Ensures efficient execution of actuarial functions. Support business objectives and delivery of Financial KPIs.
• Governance/Oversight/ Risk Management: Ensure Robust Actuarial Control Environment
• Committees: Actively participates and presents, as needed, matters related to actuarial in the following: Product Steering Committee, ALM Committee, Risk Committee
• Talent Development: Ensure support in the development of the team members, with focus on professional growth, high performance, wellness and engagement.

Skills

Actuarial standards

Insurance industry Philippines

Insurance products Philippines

Strategic development

Risk management

Leadership

Communication to senior management

Project management

Independent leadership

Accountability and ownership

Cross-functional collaboration

Education

Mathematics or Statistics degree

Fellow of the Actuarial Society of the Philippines

Management training or people management experience

10+ years in insurance actuarial functions

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. Discover how you can make a difference in the lives of individuals, families and communities around the world.

Job Description:

Job description (heading) / Description du poste (titre)

• Develops strategic direction for actuarial operations covering the following areas in support of the company’s overall business plan and long-term strategy:

• Actuarial valuation

• Product pricing (review and support)

• Validation of actuarial assumptions (Actuarial Data Analytics and Experience Studies)

• Dividend setting (Par management)

• Capital Management (ex. LICAT, local solvency, Financial Condition Reporting)

• Reinsurance

• Financial projections and analyses (ex. Drivers of Earnings, Earnings at Risk, VNB)

• Preparation of financial reports relating to actuarial matters

• Regulatory reporting for all product lines

• Represents SLF before regulatory bodies, industry and professional organizations relating to actuarial matters

• Career development, engagement and performance management of actuarial staff

Preferred skills (heading) / Compétences particulières (titre)

• Expert knowledge of generally accepted actuarial standards and practices
• Expert knowledge of the insurance industry in the Philippines
• Expert knowledge of insurance and investment products offered in the Philippines
• Strong strategic development skills
• Strong sense of integrity and maintain high standards of risk management all the time
• Excellent management and leadership skills
• Excellent verbal and written communication, including the ability to effectively present recommendations to senior management
• Excellent project management skills
• Ability to lead a team independently
• Demonstrate a strong sense of accountability and ownership with minimum supervision
• Strong team player to ensure collaborative/constructive relationships with all functions across the organization.

Qualifications (heading) / Compétences (titre)

• College degree in Mathematics or Statistics
• A fellow of the Actuarial Society of the Philippines
• Prerequisite management training or at least five (5) years of experience managing people.
• Minimum 10 years of prior working experience in the insurance industry, including experience related to several actuarial functions.

Responsibilities (heading) / Responsabilités (titre)

• Strategic: Develops strategic direction for actuarial operations.

• Functional/ Business: Ensures efficient execution of actuarial functions. Support business objectives and delivery of Financial KPIs.

• Governance/Oversight/ Risk Management: Ensure Robust Actuarial Control Environment

• Committees: Actively participates and presents, as needed, matters related to actuarial in the following: Product Steering Committee, ALM Committee, Risk Committee

• Talent Development: Ensure support in the development of the team members, with focus on professional growth, high performance, wellness and engagement.

Job Category:

Actuarial

Posting End Date:

30/12/2026