IndirizzoSpan of Control:
Has responsibility for general insurance actuarial functions related to Reserving BAU’s (business as usual) deliverables.
Key Responsibilities:
- Responsible person, together with the Head of GI Actuarial Valuation and Controls, for general insurance reserves BAU’s (business as usual) deliverables under AXA Philippines.
- Implement the local reserving framework including initial reconciliations, best estimate/moderate scenario selections, controls, and process documentation.
- Implement reserving models and processes for periodically selecting and reporting claims liabilities for the company.
- Update the actuarial assumptions in the reserving models including initial expected loss ratios, loss development factors, and default method weights.
- Prepare and validate all internal, external, and regulatory reporting requirements.
- Conduct the monthly monitoring and reserving process, coupled with quarterly full reserves reviews.
- Provide support in the clearance with the Chief Actuary and CFO of business on the financial impact of full reviews.
- Work with parties such as Risk Management (Local and Regional), external peer reviewers, and auditors on different layers of review of the reserves.
- Comply with all relevant external regulations and internal AXA Group Standards and Guidance
Key Customers and Stakeholders:
- Actuarial (Pricing, Data Analytics)
- Finance (Financial Controlling and Accounting)
- Commercial Business (Claims)
- Office of the President (Risk Management, Compliance, Internal Audit)
Your Profile
- Bachelor’s Degree in Math, Accounting, Economics, Statistics, Business, Risk Management, or a similar field.
- Basic knowledge of a wide range of general insurance products.
- Must be familiar with rate making and reserving using traditional techniques.
- At least two years of direct experience in reserving an insurance/reinsurance company or consulting background.
- Honest, diligent, independently minded.
- Excellent analytical and organizational skills and strong attention to detail.
- Good business judgment; an ability to solve complex issues with pragmatic solutions
About AXA
A global leader in insurance and investments, AXA takes care of 103 million lives in 64 countries worldwide. We actively invest in pioneering and personalized solutions to meet your ever-changing needs and exceed your expectations. In the Philippines, we are in partnership with Metrobank, one of the country's strongest banks.
About the Entity
Established in 1999, AXA Philippines is one of the largest and fastest growing life insurance companies in the country. It offers financial security to more than one million individuals through its group and individual life insurance as well as general insurance products through its subsidiary Charter Ping An.
AXA Philippines is one of the first to introduce bancassurance operations in the country, and is among the pioneers in the investment-linked insurance sector.
AXA now offers a complete range of products for all its customers’ insurance and financial protection needs, including savings and investments, health plans, income protection, and health coverage; and through its general insurance subsidiary Charter Ping An Insurance Corporation: fire, motor car, marine cargo, personal accident, bonds, casualty, and engineering insurance products.
AXA Philippines closed 2017 with P26.4 billion in total premium income and P5.7 billion in gross written premiums from Charter Ping An. Today, AXA has more than 4,000 financial advisers in 36 branches, and 700 financial executives in over 900 Metrobank and PSBank branches nationwide. Charter Ping An, on the other hand, has 22 branches nationwide and 2,007 agents.
AXA Philippines is a joint venture between the AXA Group, headquartered in France, and the Metrobank Group, one of the largest financial conglomerates in the Philippines.
The Metrobank Group is a conglomerate of industry-leading businesses that includes First Metro Investment Corporation, Metrobank Credit Cards, Federal Land, Toyota, and Manila Doctors Hospital. It was hailed Best Bank in the Philippines in 2010, 2011, and 2012 by Euromoney and recognized as the strongest bank in the Philippines by The Asian Banker in 2013. It is owned by the Ty Family whose major business interests include financial services, real estate development, power, and manufacturing.
What We Offer
Please visit www.axa.com.ph/careers for more information.
