Associate Director, Actuarial
- Andrew Millar
- Oct 5
- 2 min read
Manulife Cambodia
Job Description
Sector: Accounting & Audit, Finance, Banking, Fintech, Investment, Insurance & Professional Services
Overview
Boeung Kak 1, Phnom Penh
The Associate Director, Actuarial at Manulife Cambodia plays a strategic leadership role within the actuarial function, driving reporting, financial planning and compliance initiatives.
The position focuses on overseeing IFRS 17 implementation, supporting actuarial model accuracy, and ensuring strong governance across all actuarial deliverables.
This is a hybrid leadership role for an experienced actuarial professional seeking to contribute to the company’s long-term financial and operational excellence.
Department/Function: Finance & Accounting (Budgeting, Auditing, Treasury, Tax, Payroll)
Key Duties & Responsibilities
Lead and oversee actuarial reporting activities, ensuring accuracy, timeliness and compliance with internal and external standards.
Drive the annual financial planning process, providing actuarial insights and strategic input.
Lead the IFRS 17 implementation project for local adoption, including methodology development, stakeholder engagement and system integration.
Review and challenge actuarial models, assumptions and outputs to ensure robustness and relevance.
Manage and support ad hoc actuarial projects, including product development, experience analysis and strategic initiatives.
Provide technical guidance and mentorship to junior actuarial staff, fostering a culture of excellence and continuous improvement.
Collaborate effectively with Finance, Risk, IT and other key stakeholders to align actuarial deliverables with business objectives.
Qualifications, Skills & Experience
Bachelor’s degree in actuarial science, mathematics, statistics or a related field.
Minimum 8 years’ actuarial experience in life insurance, preferably in a leadership capacity.
Proven analytical and problem-solving ability to synthesise data, interpret trends and present findings clearly.
Demonstrated understanding of IFRS 17 and its impact on actuarial reporting and modelling frameworks.
Strong interpersonal and communication skills with the ability to collaborate across multi-functional teams.
Proficiency in Prophet, AXIS, Excel and data tools such as SQL or Python/R is preferred.
Fellowship or near-fellowship with a recognised actuarial body (e.g. SOA, IFoA) and proven capacity to mentor actuarial talent.
About Manulife Cambodia
Manulife Cambodia is part of Manulife Financial Corporation (MFC), a global financial services provider helping people make their decisions easier and lives better.
Established in 2012, Manulife Cambodia was the first wholly foreign-owned life insurance company licensed in the country.
The organisation offers a supportive and flexible work environment that values inclusion, professional growth and innovation, providing opportunities to work on cross-border projects within the Manulife network and contribute to the future of financial services in Cambodia.
Salary Benchmark
(compensation projections based on local market criteria)
USD $6,000 to $8,000 per month, depending on experience*
*For guidance only. Contact the hiring organisation directly for detailed salary information.
Regional Comparison
Cambodia: $6,000 – $8,000
Senior actuarial roles are among the highest-paid in the Cambodian financial sector, driven by demand for IFRS 17 specialists and limited domestic talent supply.
Laos: $4,000 – $5,500
Few locally based actuarial positions exist, with most analytics functions supported from Thailand or Vietnam, keeping salaries moderate.
Myanmar: $3,500 – $5,000
The insurance market remains nascent; most actuarial expertise is contracted regionally, though demand is gradually increasing.
Thailand: $7,000 – $10,000
Bangkok’s mature life-insurance sector offers robust packages for certified actuaries with strong financial-modelling skills.
Vietnam: $6,500 – $9,000
IFRS 17 adoption and rapid insurance expansion continue to push salary levels upward for senior actuarial professionals.
Post Expiry: 5th December 2025 (earlier if filled)