Associate Retirement Benefits Officer

The Associate Retirement Benefits Officer provides analytical and technical support in benefits policy development and administration, plan analysis, modelling and valuation, and secretariat functions for the Staff Retirement Plan, Defined Contribution Plan, and post-retirement benefits programs at ADB Headquarters in Manila.

Responsibilities

• Conduct quantitative, legal, or financial analysis and support the development, justification, and implementation of SRP/DCP policy proposals, including related instructions.
• Support stakeholder discussions and prepare materials for approval.
• Perform actuarial, financial, and demographic modelling and analysis of the SRP, DCP, and post-retirement medical programs.
• Collect, reconcile, and prepare data for actuarial valuations and prepare ad-hoc reports, data submissions, benchmarking and scheme reviews.
• Support SRP/DCP secretariat work, including preparation of analyses, studies, policies, memoranda, reports, minutes, and materials for committee and bilateral meetings.
• Support actuarial valuation processes and prepare membership, discretionary benefits (XB), and disbursement data; respond to actuaries/auditors; analyze movements; contribute to DCP administrator and fund reviews.
• Support delivery of benefit information sessions and preparation annual reports, knowledge articles, announcements, and other communications for staff and retirees.
• Provide support to Pension Administration (data requests, reviews, complex calculations, policy interpretation, cost-of-living adjustments) and Investment Team (asset-liability management software, cashflow projections and actuarial studies).
• Provide operational and administrative support (liquidity management, audits, budgets, forecasts, workforce analysis), improve IT processes, calculation procedures and coordinate with internal and external stakeholders.
• Perform other duties as assigned, as reflected in the incumbent's workplan.

Requirements

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, Physics, Computer Science, Business Administration, Finance, Accounting or related fields; actuarial training or Master's degree is preferred.
• At least 5 years of relevant professional experience in actuarial functions, pension fund, international (re)insurance, risk management firms, banking operations, administration or accounting. Experience in relevant fields may also be considered.
• Experience in quantitative analysis and in preparing, reviewing, and editing reports, policy, memoranda, and other written outputs in English.
• Proficiency in digital tools for data entry, extraction, validation, reconciliation, and reporting, with advanced Excel skills (custom formulas, Pivot tables, data model, Power Query).
• Experience with actuarial, risk management, or asset-liability management systems, and coding or scripting for automation and modeling.
• Experience identifying process gaps and implementing improvements, including streamlining workflows, introducing automation, and documenting controls to strengthen robustness and auditability.
• Project management skills, including defining scope, timelines, and priorities; manage stakeholder engagement and communications; track progress; prepare documentation; and delivering outputs within agreed timelines.
• Knowledge of business protocols, formats and standards relevant to the role.
• Experience managing multiple workstreams and stakeholders, handling confidential information, and escalating issues with clear supporting recommendations.
• Good general understanding of our organization's purpose.

Skills

• Actuarial Analysis
• Pension Fund Operations
• Quantitative Analysis
• Report Writing
• Policy Development
• Advanced Microsoft Excel
• Data Validation
• Data reconciliation
• Data Extraction
• Pivot Tables
• Power Query
• Actuarial Systems
• Risk Management Systems
• Asset-Liability Management
• Coding for Automation
• Process Improvement
• Workflow Streamlining
• Documentation Controls
• Project Management
• Stakeholder Engagement

Languages

English