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This role is to support the Actuarial Manager/Head - CAS in Group Internal Economic Capital (“GIECA”) reporting, Capital management & Asset-Liability management activities, Asset-Liability Committee (“ALCO”) meeting, Group-wide sensitivities exercise.
Scope:
Scope 1: Group Internal Economic Capital reporting (GIECA)
- Perform reporting process to produce GIECA Balance Sheet & Profit & Loss, Available Economic Capital (AEC) and Economic Capital Requirement (ECR), following the Group requirements.
- Collaborate with Group team in supporting them with their lite model runs and 1-in-200 stress test.
- Conduct business plan for GIECA NB AEC and other GIECA ad-hoc tasks/ requests.
Scope 2: Asset-Liability and Capital Management
- Conduct analyses on asset-liability duration gap on a quarterly basis and conduct Group Approval Limit report based on Group requirements.
- Review Strategic Asset Allocation (SAA) for various funds.
Scope 3: Asset-Liability Committee (“ALCO”) Meeting Support
- Support Head of CAS to coordinate ALCO members and consolidate ALCO materials.
- Prepare ALCO meeting minutes.
Scope 4: Group-Wide Sensitivities Exercise
- Conduct sensitivities exercise for Local Solvency and European Economic Value/ Traditional Economic Value.
- Prepare sensitivities report and align with Risk team.
Requirements:
Qualification:
- A good university degree in a subject with significant exposure to actuarial, finance, mathematics and/or statistics
- Advantage: Passed some actuarial exams.
Experiences:
Mandatory:
- At least 3 years of relevant actuarial experience and international reporting standards.
- At least 3 actuarial exams passed.
- Good command of written and spoken English.
- Prior experience with Prophet or other actuarial modelling software such as DCS, SQL, Python, VBA …).
Knowledge and skill set:
- Good command of written and spoken English
- Good analytical skills
- Knowledge of Excel, MS Word, Access and database packages
Advantage:
- Deeply understand about actuarial cashflows, product modelling, product pricing.
- Demonstrated understanding of fundamental actuarial concepts
- Knowledge of basic actuarial techniques and terminology
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.
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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
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Prudence Foundation: https://www.prudentialplc.com/en/prudence-foundation