Investment Manager- Unit Linked

Job Purpose

The primary purpose is to ensure theGeneral Account portfolios (Life and GI) earn sufficient returns to pay policyholder liabilities and shareholder dividends. This involves direct portfolio management,robust investment research and reporting, introduction of new investment outlets / asset classes, andupdating of policies and manuals.

Critical Accountabilities

Key Result Areas

Major Activities

Output

Challenges and Risks

Portfolio Management

Ensure the Non-linked funds can fund the policy liabilities and other cash outflows with an Asset-Liability Management perspective for portfolio management

Achieve at least benchmark return with no breach in risk limits as defined in the Risk Appetite Framework

Ensure investment portfolio’s compliance with regulatory requirements, Non-Linked Investment Policy, and Risk Appetite Framework

Monitoring and efficient management of liquidity

Market Views

Investment Plan

Limit Monitoring reports exhibiting compliance

Security Selection Framework

Credit research of select companies for corporate bond issuances

Prioritization and effective project management

Consistently updating knowledge of the latest investment strategies

Maintaining a good working relationship with ALM, Investment Operations, and Actuarial teams

Introduction of new investment outlets / asset classes

Research on alternative ways to improve asset-liability matching

Scout with counterparties on options for additional asset classes

Creation of Investment Approval Document

Replication of pricing ( structured note)

Updating of Investment Manual and Policies

Update the policy and manual in line with current and / or ideal practice and consistent with Group standards

LIAC-and Board-approved updated investment policy and manual

Management Reporting

Provide views on asset classes and investment strategies

Collaborate with the rest of the Investment Team in identifying areas of opportunities in current market conditions

Published periodic market updates (local and global)

Contribution to Quarterly EAC Dialogue with Group such as EAC base yield projections and documentation

Presentation in Local Investment Committee meetings

Creating new content on a regular basis

Explaining complex ideas in simple terms

Support to internal stakeholders

Create and occasionally present regular market updatesin monthly business review meetings

Investment Expense study

Discount rate computation in Annual Impairment Exercise

Presentations on fund movements and market updates on a monthly basis

Computation and documentation of Investment Expense Assumption

Computation of discount rate for Impairment Exercise

Key Decisions / Dimensions

Decisions

Quantifiable Data Related to Job

Creating and updating investment plan, deciding on target duration gap

Consistently delivering quality fund and market updates to stakeholders

Portfolio alpha relative to benchmark

Change in market value of assets and liability reserves

Your Profile

Educational Qualifications

Relevant Experience

Bachelor’s degree in Finance, Economics, Business Management / Accounting, Business Administration; can consider other degrees if there are accompanying certifications and relevant work experience

Certifications like CFA, FRM, Ateneo-BAP’s TCP, TOAP’s TIFP, PSE Securities Specialist, are an advantage

At least 4 years of work experience as an Investment / Credit Analyst, Credit or Corporate Banking or Broker / dealer in a financial institution (bank or a brokerage company) or Research Analyst in an Asset Management company or Trader / Portfolio Manager working in the following roles : equities, fixed income, or derivatives

Personal Characteristics / Behaviors

Other Requirements

Strong analytical and research skills

Excellent verbal and written communication skills

Passion for continuous learning

Visually creative

Effective project management skills

Skilled at MS Excel

Programming skills (VBA, R, or Python) an advantage

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 billion in total premium income and 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