FWD 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.
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Based on New Business Annual Premium Equivalent
Based on Paid-Up Capital
The Associate Actuarial Manager for EV and Planning leads various aspects of management reporting and experience monitoring, and providing insights on the drivers of business results. The role also leads different aspects of the forecasting and planning cycle.
Computation and analysis of Value in accordance with FWD’s Embedded Value Policy, including margin movements and underlying drivers, variances to plan and prior years
Develop and maintain EV models, including set-up of new products in the Prophet workspace, working with the centralized modeling team to vet models and ensure these are ready for production
Regular forecasting and business planning
Monitor emerging actuarial experience (e.g., claims, persistency, overruns, etc.) and ensure EV properly reflects approved best estimate assumptions
Pursue and support margin improvement initiatives (e.g, reinsurance solutions, assumption review, model improvements, etc,)
Continuously improve reporting processes by streamlining manual processes, DCS automation, improving worksheet efficiencies, etc.
Other special projects that may be assigned from time-to-time (e.g., sensitivity testing, impact quantification, special initiatives, etc.)
Graduate of Mathematics, Statistics, Actuarial Science, or similar courses
2 papers away, or a new Associate of the Actuarial Society of the Philippines (AASP)
At least three years actuarial experience, preferably in value reporting and business planning Experience in management reporting and explaining variances to prior periods and plan
Prophet and DCS experience is highly preferred
Has preferably worked in a multinational insurance company
Problem Solving: Develop valuation models in accordance with the relevant regulatory framework or accounting policies
Communication: Clear communicator, both oral and written, in reserve movement analysis and earnings attribution
Innovation: Drive continuous improvement to support a growing business by streamlining processes and improving models
Customer Led: Uses feedback and interpersonal ability to establish and maintain positive relationships with customers.
Deliver the vision: Is able to describe what the plans are for own role and function and how they link to the company vision.
People orientated: Seeks input from team and encourages cooperation towards team goals
Decision making: Involves relevant stakeholders in the decision making process. Recognizes opportunities or problems requiring attention and evaluates the benefits/risks of taking action versus inaction.
Market led: Identifies the importance of different markets, customers and emerging products and technologies relevant to own area
Strategy focused: Delivers against and support the Functions strategy and can articulate the link between the functions strategy and their own role
Cultural alignment: Actively seeks out and shares information about the company culture and acts accordingly as appropriate. Follows procedures, policy and cultural standards.
Drive results: Ensures role KPI’s relate and contribute to the broader team objectives. Has specific and measurable goals and tracks progress against them.
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.