Senior Actuarial Associate, IFRS Business Planning

Posted 6 Days Ago
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Hong Kong
Mid level
Financial Services
The Role
The Senior Actuarial Associate will contribute to the IFRS 17 Business Plan Project through analysis, communication of results, and development of new initiatives. Responsibilities include producing regular IFRS 17 results, comparing those results with other financial bases, and applying expertise in actuarial methodologies and software to support forecasting and analysis.
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 participate in the IFRS 17 Business Plan Project, including analysis, explanation and communication of the result. The role will also involve in any ad-hoc forecast, regular bases comparison.

Job Descriptions:

Responsible to support the IFRS 17 Business Planning and any ad-hoc forecasts, including

  • Support the regular IFRS 17 business plan project, including analysis, explanation, and communication of the results.
  • Assist in overall analytical review (sources of earning, analysis of movement) on key projected finance disclosures.
  • Assist in managing and monitoring IFRS operating profits (one of the KPIs) by understanding projected IFRS results.

Support regular IFRS 17 result production, including

  • Compare IFRS 17 result with other reporting bases (e.g. EEV and HKRBC)
  • Perform Shareholder Equity roll forward analysis.
  • Assist in the stochastic model result production, including analysis of movement

Responsible to support the development of IFRS 17 new initiatives, including methodology changes and ad-hoc projects

Assist in the development and design of the IFRS 17 lite model by identifying and analyzing the key drivers that influencing result changes.

Job Requirements:

  • University degree holder majoring in a numerical subject (e.g. Actuarial Science, Mathematics, Physics etc.).
  • Passes in multiple actuarial examinations offered by the Society of Actuaries, Institute and Faculty of Actuaries, or other equivalent actuarial bodies.
  • A minimum of 3 years relevant working experience is required.
  • Proficiency in actuarial software is an advantage
  • Knowledge of Prophet and stochastic modelling is an advantage.
  • Ability to develop and update economic models in Excel or similar
  • Strong analytical and numerical skills
  • Excellent attention to detail
  • Must be 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.

Top Skills

Excel
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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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