Life Actuarial Specialist: Dividend & Risk Modeling

Sun Life Financial; Hinoba-an; On-site; PHP 1,400,000 - 2,000,000; Full time

Job summary

Sun Life Financial in the Philippines seeks an experienced actuary to lead dividend studies for traditional participating products and support quarterly valuation deliverables and regulatory reporting. You will analyze results, build models, and present recommendations to senior management, driving automation and efficiency within the actuarial function.

The role requires 7+ years of actuarial experience, AXIS proficiency, strong coding and data analytics abilities, and excellent communication

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.

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 TVOG and 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.
• 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.
• 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.

Skills

Actuarial modelling

Data analysis

Excel

Communication

Problem solving

Ownership

Education

Bachelor's degree in mathematics or statistics

ASP Associate or near-associate

Tools

AXIS

Automation / analytics tools

Job description

Sun Life Financial in the Philippines seeks an experienced actuary to lead dividend studies for traditional participating products and support quarterly valuation deliverables and regulatory reporting. You will analyze results, build models, and present recommendations to senior management, driving automation and efficiency within the actuarial function.

The role requires 7+ years of actuarial experience, AXIS proficiency, strong coding and data analytics abilities, and excellent communication