Assistant Actuarial Manager

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.

Support the team lead to manage the BAU regulatory reporting for the Macau branch and Hong Kong Risk-Based Capital financial planning work (including but not limited to ORSA reporting, business plan projection and stress scenario testing). The role will also support on ad-hoc capital initiatives requested by various stakeholders.

Job Descriptions:

• Support HKRBC Financial Planning: Assist in ORSA reporting and business plan projections. Beyond production and analysis, the candidate will evaluate the impact of various management actions to achieve organizational objectives.
• Regulatory Reporting for Macau Branch: Oversee regulatory reporting, support the team in determining capital injection amounts, conduct analyses for management review, and ensure robust controls are in place to deliver high-quality results promptly.
• Macau RBC Regime Consultations and QIS Exercises: Support the completion of consultations and QIS exercises. Provide insights and recommendations that benefit the company during these processes.
• Enhance Operational Efficiency: Lead the team in refining methodologies and improving tool efficiency to boost operational effectiveness.
• Support Ad-Hoc Initiatives: Assist with various ad-hoc initiatives as requested by stakeholders, including senior management, the Group office, or regulators.
• Supervise and Coach Junior Team Members: Oversee junior team members and provide ongoing coaching on actuarial, product, and insurance knowledge.

Job Requirements:

• University degree holder majoring in a numerical subject (e.g. Actuarial Science, Mathematics).
• Fellow of Society of Actuaries, or other equivalent actuarial bodies.
• Minimum of 4 years relevant working experience is required.
• Solid knowledge in financial reporting, including but not limited to HKRBC, Economic Capital, IFRS 4 or IFRS 17, Embedded Value
• Attentive to details plus strong analytical and numerical skills
• Proficiency in Prophet and stochastic modelling is an advantage
• Able to work independently and manage workload accordingly
• Good interpersonal, communication, planning & management skills
• Open, proactive and willing to challenge when necessary

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.