Head of Corporate Actuarial

About FWD Group

FWD Group is a pan-Asian life and health insurance business with more than 12 million customers across 10 markets, including some of the fastest-growing insurance markets in the world. The company was established in 2013 and is focused on changing the way people feel about insurance. FWD’s customer-led and digitally enabled approach aims to deliver innovative propositions, easy-to-understand products and a simpler insurance experience.

For more information, please visit www.fwd.com

About FWD Life Philippines 

FWD Life Insurance Corporation (FWD Life Philippines) launched its commercial operations in September 2014. As of end-2022, FWD Life Philippines ranks 3rd and 6th in terms of Paid-up Capital(1) and New Business Annual Premium Equivalent(2), respectively.

For more information, please visit fwd.com.ph. 

1 www.insurance.gov.ph > Statistics > Life > 2022 > Based on Paid-Up Capital

2 www.insurance.gov.ph > Statistics > Life > 2022 > Based on New Business Annual Premium Equivalent

The Head of Corporate Actuarial is responsible for leading management reporting and experience monitoring and provides insights on the drivers of business results. The role also spearheads forecasting and planning cycle. It is also the responsibility of the Head of Corporate Actuarial to align and manage stakeholders locally, from Group Office and external consultants or auditors.

Key Responsibilities:

Lead embedded value (EV), value of new business (VNB) and other KPI reporting such as expense overrun in both regular reporting cycles and business planning
Prophet model operations and maintenance
Experience studies and assumption review
Reinsurance settlements
Cooperate and communicate with counterparts in local office, Group office, and external parties such as consultants
Presentation to senior management
Lead the Corporate Actuarial team

Experience:
Must be a graduate of BS Math/Statistics/Actuarial Science or related degree

A Fellow of the Actuarial Society of the Philippines (FASP) or an Associate of the Actuarial Society of the Philippines (AASP) and Associate of the Society of Actuaries (ASA) close to completing the requirements for local fellowship

At least 10 years of experience in actuarial roles and financial reporting.

Deep understanding of EV, VNB and local regulatory standards such as solvency.

Good understanding of IFRS17.

Deep understanding of life insurance products and distribution models.

Knowledge in Prophet and DCS highly preferred.
Preferably worked with a multinational life insurance company.
Ability to manage a team of actuarial associates and achieve results by working with and through cross-functional teams.
Highest regard for professionalism and integrity.
Highly proficient in Microsoft Excel, including macro programming.
Ability to clearly communicate technical results to both technical and non-technical audiences.
Effective leader and strong collaborator within and across teams.
Has great attention to detail.
Solution-oriented: ability to resolve challenges quickly, decisively and effectively.
Open-minded to find innovative solutions to typical actuarial challenges.
Demonstrates the FWD values of being innovative, committed, proactive, open and caring.

Privacy Notice

Your privacy is a priority for FWD.  The Company keeps your personal information with us in confidence. To know more about how we process your information, kindly refer to our FWD Recruitment Privacy Notice.

FWD has partnered with Talocity Instasolutions Private Limited (“Talocity”) to manage the initial filtering of candidate’s profiles through video interviews, social profile mapping, and video analytics using artificial intelligence engine that is offered within the Talocity platform.  The platform evaluates the candidate on the five well-known dimensions as per OCEAN Personality Model that influence occupational success and help understand workplace behavior. For more information, please refer to Talocity Privacy Policy.

When you apply, FWD will share your name, phone number and email address to Talocity to contact you and conduct the initial screening and profiling process.  Shortlisted candidates will then be contacted by FWD for the face-to-face interview.