The Actuarial Specialist for Valuation performs the valuation processes and related to the internal IFRS reporting requirements to for FWD Philippines, including Corporate Care (Group insurance) valuation.The role also requires performing the relevant analysis on reserve movements and financial reports. This includes establishing controls and documentation on the valuation and reporting process, as well as completing the various reports required by Group Office. As needed, the role requires helping the Head of Valuation in completing team tasks/deliverables as part of regular reporting thru ad hoc tasks.Job Responsibilities:1. Perform IFRS and Corporate Care valuation in accordance with established processes and FWD guidelines, including the relevant analysis of results and performing valuation controls.2. Perform regular tasks related to forecasting, business planning, and liability adequacy testing, including the submission of relevant inputs and reports as required by Group Office Actuarial.3. Continuously improve valuation process by streamlining manual processes, DCS automation, etc.4. Other special projects and ad hoc tasks that may be assigned from time-to-time (e.g., non-regular forecasting, experience studies, development/implementation of actuarial models for new products, implement assumption changes)Qualifications:Graduate of Mathematics, Statistics, Actuarial Science, or similar courses near Associate or Associate of the Actuarial Society of the Philippines (AASP)At least three years actuarial experience, preferably in valuationHas worked in a multinational insurance company, with experience in using Prophet for actuarial calculations and modelling
About FWD Life Insurance CorporationFWD Life Insurance Corporation (FWD Life) launched its commercial operations in September 2014. As of end-2019, its fifth full year of operations, FWD Life continues to outpace life insurance industry growth as a Top 8 insurer, based on New Business Annual Premium Equivalent.(1) FWD Life also remains as one of the Top 3 insurers in terms of Paid-Up Capital.(2)FWD Group spans Hong Kong & Macau, Thailand, Indonesia, the Philippines, Singapore, Vietnam, Japan, and Malaysia, offering life and medical insurance, general insurance, employee benefits, Shariah, and Family Takaful products across a number of its markets. Established in Asia in 2013, FWD is the insurance business arm of investment group, Pacific Century Group. In the Philippines, FWD has 17 business hubs located in key cities nationwide with its headquarters in Bonifacio Global City in Taguig.FWD is focused on creating fresh customer experiences, with easy-to-understand products, supported by digital technology. Through this customer-led approach, FWD aims to become a leading pan-Asian insurer that changes the way people feel about insurance.For more information, please visit fwd.com.ph.1 www.insurance.gov.ph > Statistics > Life > 2019 > Based on New Business Annual Premium Equivalent2 www.insurance.gov.ph > Statistics > Life > 2019 > Based on Paid-Up Capital
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