Associate Manager, Valuation and Financial Reporting

Why join Sunlife Vietnam

At Sun Life, we're driven by our Purpose: to help Clients build lifetime financial security and lead healthier lives. Across Asia, we cultivate a High-Performance, Caring Culture that empowers our people to achieve outstanding results, embrace continuous growth, and create meaningful impact. We succeed together by fostering an inclusive environment where wellbeing, collaboration, and accountability are equally valued.

Job purpose

• Ensure local statutory reporting (reserves, Ministry of Finance reports, statutory profit and loss) and capital/solvency valuation comply with actuarial principles, standards and regulatory requirements on both local and Canadian bases.
• Own Value of New Business reporting, giving leadership accurate, timely and well-explained insight into the value of new business.
• Safeguard the quality and integrity of valuation reporting data, working with Information Technology to manage, enhance and automate the data flows feeding valuation models.
• Implement new products and Assumption Changes and Management Actions in the actuarial models, and lead experience studies.
• Contribute to predictive analytics (for example lapse and persistency models) that turn actuarial insight into business actions.

Responsibilities

Local Reporting and Capital/Solvency (30%)

• Prepare reserve, Ministry of Finance and statutory profit and loss reports; analyze results and explain trends and issues.
• Manage capital/solvency valuation on local and Canadian bases, including Local Solvency and the Life Insurance Capital Adequacy Test.
• Support annual capital shock testing (Financial Condition Testing and Local Financial Risk Solvency assessment).
• Coordinate with Finance and regulatory teams to ensure accurate and timely reporting.
• Recommend actions to improve local profitability and the company health assessment.

Value of New Business Reporting (20%)

• Prepare quarterly and annual Value of New Business results by channel and product.
• Analyze movements (volume, mix, margin, assumption and experience effects) and write commentary for leadership and the Regional Office.
• Reconcile results with sales, pricing and planning; support business planning and forecasting.
• Improve controls, automation and turnaround time of the reporting process.

Reporting Data Management and Enhancement with Information Technology (20%)

• Own valuation data requirements: extraction, validation, reconciliation and data quality controls for valuation inputs.
• Work with Information Technology to manage, enhance and fix valuation reporting data, data marts and interfaces.
• Define business requirements and perform user acceptance testing for data and system changes, including new product data needs.
• Lead automation of data checks and reporting steps (for example Python, SQL and AI-assisted tools) to reduce manual work and operational risk.

New Products, Assumption Changes and Experience Studies (15%)

• Implement new products and Assumption Changes and Management Actions in the actuarial valuation model, ensuring accurate modeling and reserve calculations.
• Lead regular experience studies (lapse/persistency, mortality, morbidity, expenses), identify trends and support the annual assumption review.
• Support the Head of Valuation on assumption and reserve setting for new products.

Predictive Analytics (10%)

• Help develop, validate and maintain predictive models (for example lapse prediction) supporting persistency improvement.
• Turn model results into practical insights for Distribution, Operations and the Persistency Taskforce.

Ensure all activities, decisions and deliverables comply with fair treatment of Clients principles, proactively identifying and mitigating risks of unfair client outcomes in line with Company conduct expectations.

Qualifications

• Bachelor's degree in actuarial science, mathematics, statistics or a related field.
• At least 5-6 Society of Actuaries exams or equivalent; Associate (ASA) preferred.
• 4-5+ years in an actuarial department with proven valuation and financial reporting experience; Value of New Business/embedded value experience preferred.
• Actuarial modeling experience required (AXIS preferred; Prophet or other platforms acceptable); programming skills (Python, SQL) required.
• Exposure to data/IT projects or predictive analytics is an advantage.
• Track record of leading projects, collaborating across departments and coaching junior staff.

Required Skills

• Demonstrate the Curiosity to effectively leverage AI tools to enhance productivity, decision-making, and quality of outcomes within the role.
• Strong understanding of actuarial principles, local regulations, capital/solvency frameworks and Value of New Business methodology.
• Hands-on actuarial modeling experience; AXIS is a plus, but experience with other platforms such as Prophet is equally acceptable.
• Advanced data skills (SQL, Python or R) and familiarity with data management concepts such as data flows, quality controls and reconciliations.
• Working knowledge of predictive modeling techniques (for example generalized linear models