About FWD Group

FWD Group (1828.HK) is a pan-Asian life and health insurance business that serves approximately 40 million customers across 10 markets, including BRI Life in Indonesia. FWD's customer-led and tech-enabled approach aims to deliver innovative propositions, easy-to-understand products and a simpler insurance experience. Established in 2013, the company operates in some of the fastest-growing insurance markets in the world with a vision of changing the way people feel about insurance. FWD Group is listed on the main board of the Hong Kong Stock Exchange under the stock code 1828.

For more information, please visit

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 visitfwd.com.ph.

1 Statistics Life 2022 Based on Paid-Up Capital

2 Statistics Life 2022 Based on New Business Annual Premium Equivalent

The Actuarial Senior Specialist for Local Valuation and Capital Management is a role that caters regular reporting of statutory reports, analysis of PFRS performance of the company, as well as capital reporting and monitoring, including analysis of business drivers for these results. The role is also central to submission of regulatory reports and compliance with external audit, as well as other regulatory reporting needs.

1. 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). - 20%

2. Perform reserve and capital movement analysis and sources-of-earnings, and clearly explain results and drivers to both technical and non-technical audiences - 20%

3. Provide support in the Business Plan exercise with respect to earnings and capital management (e.g. Projection of Capital requirements, capital status, and actions needed), including developing the capital strategy and limits based on the company's Risk Appetite Framework and Capital Management Policy. - 20%

4. Prepare the required local statutory reportorial requirements in the case of local statutory reserving (e.g., AVR, Annual Statement, RBC, etc.) and Group Office templates needed for regional reporting (e.g. Economic Capital reporting, forecasting for Local Solvency and Economic Capital, etc.) - 20%

5. Proposed improvements on existing valuation processes by streamlining manual processes, DCS automation, etc. and improvement on controls and documentation around the valuation process, supporting Group Wide Supervision and Model Governance Initiatives - 10%

6. Other special projects that may be assigned from time to time (e.g., PFRS 17/RBC transition, Prophet model UAT and impact quantification, etc.) - 10%

Education & Certification:

Graduate of Mathematics, Statistics, Actuarial Science, or similar courses

Near Associate or Associate of the Actuarial Society of the Philippines (AASP)

Experience:

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)

Technical Competencies/Skills:

Problem Solving:
Communication:
Innovation:

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 .

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.

Actuarial Senior Specialist - Valuation