Prudential's purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and we support our people's career ambitions. We pledge to make Prudential a place where you can Connect, Grow, and Succeed.

The incumbent is responsible for assisting the Manager or Senior Manager to define and implement appropriate actuarial standards and work processes in relation to the provision of actuarial services to the Company.

Actuarial knowledge and skills are necessary in various aspects of insurance business, e.g. product design and pricing, analysis of the company's claims, persistency and expense experience, arrangement of reinsurance, calculation of reserves, capital and profit reporting under various regulatory bases.

Principal Duties & Responsibilities

Support the delivery of medical related projects in collaboration with other relevant Departments (Operations, IT and Marketing), to ensure projects aligned with the company's vision and provide regular updates on project progression to the Manager / Senior Manager.
Ensure the accuracy and quality of repricing notification communications by implementing strong data controls, enforcing template and disclosure standards, and coordinating crossfunctional reviews and approvals; maintain proper documentation and address defects across cycles.
Effective and timely communication of requirements with other relevant Departments to ensure successful implementation of medical related projects.
Design and enhance a robust Prophet model office to enable detailed analysis of financial output. This will include all financial output where Prophet is used, such as Statutory Valuation, Embedded Value, New Business Profitability, Group Internal Economic Capital Assessment, IFRS17 and other financial projections to internal stakeholders, Group head office and regulators.
Ensure accurate and timely production of financial output, guided by internal governance on Prophet enhancement.
Assess risks inherent in the new processes, communicate implications effectively and identify mitigating solutions to manage risk.
Participate and influence various company-wide business initiatives. This includes product and process reviews, business retention and solutioning, regulatory change requirements, system upgrade initiatives, etc.
Provide general actuarial advice and expertise to address policyholder, agent, and regulatory queries. Ensure the information provided is accurate, sufficiently detailed, easily understood by the intended audience, and addresses the issues at hand.
Work closely with colleagues across different departments to achieve common goals and ensure the successful execution of projects. Encourage open communication, share knowledge, and support each other in the projects.

JOB SPECIFICATION

Qualifications

Degree in Actuarial Science/ Mathematics/ Statistics/ Physics or other physical sciences or numerate discipline.
Good progress in actuarial professional examinations

Experience

At least 2 years relevant working experience is preferred, but strong fresh graduates with suitable skills may also be considered.

Knowledge

A numerate and analytical mind.
Proficiency with programming tools (e.g. Visual Basic)
Practical knowledge in Prophet (preferred) or other projection software would be preferred
Must be meticulous with the ability to work under pressure.
Must be self-motivated with the ability to work under minimum supervision

Prudential is an equal opportunity employer. We provide equality of opportunity of benefits for all who apply and who perform work for our organisation irrespective of sex, race, age, ethnic origin, educational, social and cultural background, marital status, pregnancy and maternity, religion or belief, disability or part-time / fixed-term work, or any other status protected by applicable law. We encourage the same standards from our recruitment and third-party suppliers taking into account the context of grade, job and location. We also allow for reasonable adjustments to support people with individual physical or mental health requirements.

Senior Actuarial Professional