Manager, Asset Liability Management - Philippines at Sun Life

, , Philippines -

Full Time

Start Date

Immediate

Expiry Date

21 Dec, 25

Salary

0.0

Posted On

22 Sep, 25

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Actuarial Knowledge, Financial Reporting, Portfolio Modelling, Economic Analysis, Analytical Skills, Problem Solving, Attention to Detail, Communication Skills, Microsoft Excel, GGY AXIS Modelling

Industry

Financial Services

Description

You are as unique as your background, experience and point of view. Here, you’ll be encouraged, empowered and challenged to be your best self. You'll work with dynamic colleagues - experts in their fields - who are eager to share their knowledge with you. Your leaders will inspire and help you reach your potential and soar to new heights. Every day, you'll have new and exciting opportunities to make life brighter for our Clients - who are at the heart of everything we do. Discover how you can make a difference in the lives of individuals, families and communities around the world. Job Description: Job description Reporting to the Head, ALM Head, Philippines, the ALM Manager supports the Asset and Liability Management (ALM) function of the company. Combining actuarial expertise and investment knowledge, the role is responsible for leading the review and enhancement of the existing ALM reporting, framework and practices, and providing insight and supporting the management of General Fund, Surplus and VUL portfolios. The ALM Manager will also lead the ALM function in various projects and initiatives of the Company. Preferred skills Strong Actuarial knowledge (background in Canadian reporting standards is an advantage) Understands financial reporting concepts Basic portfolio modelling and economic analysis Strong analytical and problem solving skills, and accuracy and attention to details Strong oral and written communication skills Proficient in Microsoft Excel Experience in GGY AXIS modelling (or other actuarial modelling software) is preferred Qualifications Degree holder in Actuarial Science, Mathematics/Statistics, or Finance-related course. 7-10 years’ experience in an actuarial role within a life insurance organization. Specialization in ALM / investment related functions is an advantage. Associate or near associate of the Actuarial Society of the Philippines (or equivalent). Responsibilities ALM/Investment Strategy Review: Supports the review of Sun Life Philippines investment strategies for various portfolios in accordance with Sun Life’s ALM framework Leads the ALM analysis, and coordinates with Investment and Actuarial to review the risk/return profile of the portfolios and ensure that ALM risks are appropriately considered (this includes both scheduled and ad-hoc review of the Portfolio Policies and Parameters, and Investment Strategy Review). Maintains a clear understanding of the implications of the asset strategies to the ALM limits, underlying income, reserve valuation, and capital requirements. Pricing and Product Development Support Identifies and addresses the ALM risks in the pricing of new products to support the product development process. Asset and Liability Risk Management: Leads the regular ALM management, monitoring, and reporting of Sun Life’s portfolios Monitors, identifies, assesses, and report risks associated with ALM, which include interest rate, equity, foreign exchange, credit and liquidity risks. Coordinates with Investment, Actuarial, and Finance departments to ensure ALM reports and initiatives are relevant and are done on a timely basis. Identifies any necessary changes / updates on the existing reporting templates. Provides recommendations, and implements and updates ALM measurement and reporting metrics in the ALM Business Group Operating Guidelines (ALM BGOG) or any pertinent operating guideline. Maintains a clear understanding of the company’s ALM Policies associated with ALM work (various Investment policies, risk appetite, and stress testing). Valuation, Financial Reporting and Risk Management: Provides relevant ALM support to other business functions and various Company initiatives Leads the ALM analysis required for IFRS 17 for Sun Life Philippines. Performs the review of the asset / investment assumptions used for the Canadian IFRS valuation (e.g. equity return and asset default assumptions). Job Category: Actuarial Posting End Date: 30/12/2025 Shine together At Sun Life, you can be your most brilliant self. Our supportive, flexible, and inclusive work environment is one where you – and your career – can thrive. Whatever your aspirations, collaborative leaders and colleagues are ready to help you learn, grow, and succeed. Make life brighter We’re a global company with a passion for people. Our purpose is to help Clients achieve lifetime financial security and live healthier lives. As a team of 30,000 across 26 countries, our impact is far-reaching, and locally relevant There’s power in numbers. As part of Sun Life’s growing team, you have an impact on people in your community and around the world. Shape the future With an optimistic eye on a brighter future, we drive to innovate. Be part of leading change, push boundaries and try new ways of working. Use data to drive bold actions. Be agile and pivot as we test and learn. At Sun Life, we’re driving transformation, sustainability and innovation for our Clients, employees, partners, and communities. Join us. Together, we can make the future brighter. Join a top employer for a brighter future. Visit Sun Life Careers

Responsibilities

The ALM Manager supports the Asset and Liability Management function by leading the review and enhancement of ALM reporting and practices. They also manage the General Fund, Surplus, and VUL portfolios while coordinating various projects and initiatives within the company.