Actuarial Associate Manager - Corporate Actuarial

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 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

Job Purpose

The Actuarial Associate Manager for Corporate Actuarial leads and drives key 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. The role also identifies process improvements in the planning and reporting workflow. Key Responsibilities:

1. Computation and analysis of Embedded Value in accordance with FWD’s Embedded Value Policy, including margin movements and underlying drivers, variances to plan and forecasts, and analysis of movements from period to period.
2. Develop, maintain and improve 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.
3. Regular forecasting and business planning.
4. Monitor emerging actuarial experience (e.g., claims, persistency, overruns, etc.) and provide recommendatory actions, and ensure EV properly reflects approved best estimate assumptions.
5. Drive margin improvement initiatives (e.g., reinsurance solutions, assumption review, model improvements, etc.).
6. Continuously improve reporting processes by streamlining manual processes, DCS automation, improving worksheet efficiencies, etc.
7. Lead other special projects that may be assigned from time-to-time (e.g., sensitivity testing, impact quantification, special initiatives, etc.).