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.
Job Scope
The incumbent is responsible to assist the Actuarial 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 and profit reporting under various regulatory bases.
Principal Duties & Responsibilities
- Review and analyse Prophet model office financial output. This will include all financial metrics, including but not limited to EEV, NBP, IFRS and RBC. Perform reasonable checks as appropriate.
- Compile the Prophet model office financial output into various reports for different stakeholders. Ensure data is reconciled and accurate for the purposes of financial report production. Conduct reasonableness checks and analyses on results. Interpret and communicate results to Actuarial Senior Manager. Accurate and timely production of financial calculations.
- Correct and timely submission of financial results to Group and internal stakeholders, with timely escalation to stakeholders on potential obstacles to delivery of results.
- Assist the Head of Regional Reporting in driving the annual assumption and modelling review as part of Business Planning. Ensure appropriate checks are done on the financial impact analysis and prepare comprehensive documentations for other team's reference.
- Support the implementation of reporting process enhancement and initiatives, with continuous identification of opportunities to improve existing workflows and processes.
- Provision of general actuarial support to other departments as necessary. Provide guidance, training and general supervision to Actuarial Professionals/Senior Actuarial Professional if required.
Job Specifications
- Qualifications
- Degree in Actuarial Science/ Mathematics/ Statistics/ Physics or other physical sciences or numerate discipline.
- Actively pursuing professional actuarial examinations.
- Experience
- At least 4-5 years of relevant actuarial experience.
- Knowledge & Skills
- Practical knowledge in Prophet (preferred) or other projection software would be preferred but training will be provided otherwise.
- Must be meticulous with the ability to work under pressure.
- Must be self-motivated with the ability to work under minimum supervision.
- A numerate and analytical mind.
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.
