Job Title Actuarial Manager Written By (Signature and Date) Lester Muyot Reports To Head of Actuarial Analytics and Transformation Incumbent (Signature and Date) -- Division/Department Finance/Actuarial Approved By (Signature and Date) Job Reference -- Approved By (Signature and Date) -- Level 11 Job Purpose To perform actuarial modeling and analytical function while working closely with other functional units to help Management ensure the company’s financial well-being and provide support in the achievement of business targets, initiate innovative model designs to meet regulatory changes and business needs. To drive improvements by proposing and implementing changes in existing modelling methodologies and tools.以拼音方式閱讀 Critical Accountabilities Key Result Areas Major Activities Output Challenges and Risks 1 – Actuarial Modeling • Implement actuarial modelling framework (consistent with Local Model Governance Policy) by applying local business context and knowledge. • Ensure timely and accurate model runs and outputs needed for regular reporting and planning/forecast exercises. • Manage relevant work streams and coordinate the delivery of information and reports with stakeholders. • Prophet models including data inputs from different stakeholders • Timely and accurate delivery of model runs • Analyses include adequate reasoning and insight on movement of key metrics (policy information, reserves, profits) • UAT signoff, Model enhancement request, etc. • System dependencies for policy data; accuracy and timeliness of accounting information • Managing work plans (with IT, Accounting, Investment, Group, etc.) 2 – Model Governance • Drive continuous improvement and change initiatives for Prophet system and/or related IT system to optimize and automate actuarial processes • Ensure that valuation models are updated and consistent with local, regulatory and Group standards. • Ensure proper documentation of all valuation methodology used. • Model Documentation • Regular meetings with stakeholders • Methodology and Process Documentation • Process Improvements • Creation of secured database • Data quality • Collection of relevant data and sources for justification of proxies used • Managing work plans with IT and other stakeholders such as valuation and pricing teams 3 – Actuarial Projects • Lead ad-hoc actuarial model projects (such as ALM) and provide business insights regarding its implications to actuarial processes and systems. • Develop strong network with corresponding AXA business partners for a timely delivery and consistency with the requirements. • Manage different types of modelling projects (e.g., products, reporting bases, model set-ups) • Analyses include adequate reasoning and insight on movement of key metrics (policy information, reserves, profits) • UAT signoff, model enhancement request, etc. • Communicate the results to stakeholders during clearance calls • Creation of a common database to properly document KPIs and other key indicators • Collection of relevant data • Managing work plans with stakeholders 4 – Support team and local business units • Discusses business implications of reports with own team for broader appreciation of work • Guides own team for continuous career development • Supports various functional units and Management Committees of the company • Figures / reports requested by other units • Insights to the decisions of the various units and Committees of the company • Dependency on the data from other departments (i.e., IT, Financial Control and Accounting, Distribution Channels, etc.) Key Decisions/Dimensions Decisions Quantifiable Data Related to Job • Manage priorities, set objectives and procedures to accomplish goals. • Decide within authority and elevate recommendation to higher authority for decisions outside own authority as relevant • Determine best technical options, in compliance with Group’s requirement and best reflecting local specificities and constraints • Produce high-quality reports and provide analyses and commentaries on time. • Communicate and explain the findings and result to various stakeholders in simple language Skills and Knowledge Educational Qualifications Relevant Experience • Graduate of BS Mathematics, BS Accountancy, BS Statistics, or other related courses • At least Associate of a recognized actuarial society (ASP, SOA) • At least six (6) years experience in life insurance from any of the following exposure areas – Modelling, Valuation and Pricing • Experienced in model designs, methodologies, model development process, standard checking procedure and model governance Personal Characteristics/Behaviors Other Requirements • Detail-oriented • Delivers outputs on schedule • People management skills and coaching skills • Able to collaborate effectively with customers and/or colleagues outside own team structure • Understands actuarial model designs or development processes • Excellent verbal and written communication skills. • Proficient in Microsoft Office applications • Knowledge in Prophet