Senior Actuarial Specialist: Local Valuation & Capital

FWD Insurance

Taguig

On-site

PHP 1,800,000 - 3,400,000

Full time

14 days+

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Job summary

FWD Life Philippines seeks an Actuarial Senior Specialist for Local Valuation and Capital Management to regularly report statutory results and analyze PFRS performance. You will contribute to capital management, regulatory reporting, and group-wide capital initiatives, working closely with finance and actuarial teams.

The role requires 5+ years of actuarial experience, IFRS17 exposure, and familiarity with FIS Prophet and DCS.

Qualifications

Graduate of Mathematics, Statistics, Actuarial Science or similar.
Near Associate or Associate of the Actuarial Society of the Philippines (AASP).
At least 5 years actuarial experience, preferably in valuation.
Has worked in a multinational insurance company, with exposure to IFRS17 implementation.
Has relevant experience in using FIS Prophet and Data Conversion System (DCS).

Responsibilities

Perform the calculation of the appropriate reserves and capital in accordance with the relevant accounting/regulatory standards (e.g., local statutory, PFRS) and applicable FWD policies (e.g. Capital Management Policy).
Perform reserve and capital movement analysis and sources-of-earnings, and clearly explain results and drivers to both technical and non-technical audiences.
Provide support in the Business Plan exercise with respect to earnings and capital management, including developing the capital strategy and limits based on the company’s Risk Appetite Framework.
Prepare the required local statutory reportorial requirements (e.g., AVR, Annual Statement, RBC) and Group Office templates for regional reporting.
Proposed improvements on existing valuation processes by streamlining manual processes, DCS automation, and improving controls and documentation.
Other special projects (e.g., PFRS 17/RBC transition, Prophet UAT).