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 Descriptions:
- Develop and conduct robust actuarial analysis on the formulation of new business and product pricing under various financial reporting measures (including EEV, RBC, GIECA, IFRS17) for product feasibility study and approval. Prepare indicative pricing and assessment for the management team for decision making. Bring insight to recommendation and implications. Prepare approval document and facilitate the approval from local management and regional office.
- Review marketing materials and provisions to ensure appropriate message in relation to policyholder reasonable expectation are properly in place and comply with regulatory guidelines. Ensure the user acceptance test performed by Actuarial Product Management team are in good standing before implementation.
- Coordinate with local management team, regional office, and distribution channels and other internal departments to support their project initiatives through performing risk / financial analysis. Provide actuarial support and recommendation and solutions to day-to-day operational issues and enquires.
- Ensure the quality of work produced by the team through supervision, guidance and coaching of subordinates on actuarial / product / insurance knowledge.
Job Requirements:
- University graduate majoring in Actuarial Science or related curriculum
- Fellow of the Societies of Actuaries or equivalent
- At least 4-6 years relevant actuarial working experience-Experience in pricing is an advantage
- Strong communication skill and command of both spoken and written English and Chinese
- Solid actuarial knowledge and financial modeling skills.
- Knowledge in Prophet model programming is preferred and stochastic modelling skill is desirable
- Experience in coaching junior actuarial staff and managing a team
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
Prudential plc: https://www.prudentialplc.com/
Prudence Foundation: https://www.prudentialplc.com/en/prudence-foundation
