Actuarial Pricing

Posted 5 Days Ago
Be an Early Applicant
Singapore
Senior level
Financial Services
The Role
The Actuarial Pricing role involves pricing Par savings and Investment Linked products, managing negotiations with reinsurers, and ensuring compliance with local regulatory requirements. The position requires analyzing performance KPIs and providing support for ad-hoc projects while applying actuarial knowledge to business decisions.
Summary Generated by Built In

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.

This role will focus on the analysis of performance KPI.

Job Description:

(Par Savings & Investment Linked)

  • Responsible for pricing of Par savings and Investment Linked products
  • Carry out pricing framework & strategy, leading the negotiations with reinsurers, obtaining internal & regional product approval and complying with local regulatory product filing/ approval requirement.
  • Apply actuarial technical knowledge in making actual business decisions.
  • Support all queries pertaining to product features and designs.
  • Support any ad-hoc projects that may arise.
  • Continues to build knowledge of the organization, processes and customers.

Who we are looking for:

Competencies & Personal Traits

  • Good technical, analytical and problem solving skills, with the ability to work independently
  • Good working knowledge of Prophet systems, hands-on experience on actuarial valuation data processing and management
  • Self-motivated and outcome oriented
  • Good communication skills
  • Experience with Prophet model and ALS, data processing/conversion software e.g. SQL/DCS is preferred

Working Experience

  • At least 5 years of relevant experience in actuarial roles or positions

Professional Qualifications

  • Good progress in actuarial examinations from a recognized professional actuarial body

Education

  • Degree in Actuarial

Language

  • English

 

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.

Top Skills

Prophet
SQL
The Company
HQ: Central, Hong Kong
52,292 Employees
On-site Workplace

What We Do

In Asia and Africa, Prudential has been providing familiar, trusted financial security to people for 100 years. Today, headquartered in Hong Kong and London, we are ranked top three in 12 Asian markets with 18 million customers, around 68,000 average monthly active agents and access to over 27,000 bank branches in the region.

Prudential is focused on opportunities in the most exciting growth markets in Asia and Africa. With access to over 4 billion people in both these regions, we are investing in broadening our presence and building our leadership in the life and asset management markets.

We are committed to making a positive impact on our customers, our employees and our communities by delivering the best savings, health and protection solutions to people so they can get the most out of life. Visit our websites for more information

Prudential plc: https://www.prudentialplc.com/
Prudence Foundation: https://www.prudentialplc.com/en/prudence-foundation

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