PBTB | Executive, Modelling

PBTB | Executive, Modelling

Prudential Financial, Inc
Not Specified
Not Specified

Job Description

At Prudential, we understand that success comes from the talent and commitment of our people. Together, we have a shared vision in securing the future of our customers and our communities. We strive to build a business that can shape, an inclusive workplace where ideas are valued and a culture where can thrive together. Our people stay connected and tuned in to what's happening around us, keeping us ahead of the curve. While focused on the long-term, we look to the future to bring growth, development and benefit to everyone whose lives we touch.This role exists to ensure that the actuarial model used in producing financial report and projections are up to date and well maintained. Also, the scope of this role includes supporting the valuation reporting team and pricing team with matters related to actuarial model and valuation data.
Roles and Responsibilities:
1) Responsible for the modelling of new products into Prophet, annual model enhancement and model maintenance work with proper documentation in place.
  • Ensure that new products that are modelled into prophet, along with the basis, are in accordance to submitted actuarial certificate
  • Perform validation against pricing model and explain if the valuation model varies from pricing model.
  • Responsible for building product model in MS Excel for validation of model in Prophet
  • Provide support to pricing team (if any) for good practice whilst modelling a new product.

2) Ensure compliance to regional's Annual Model Change Policy (AMCP)
  • Compile evidence of compliance to regional's policy on prophet model during the year
  • Liaise with regional PIC and coordinate timeline for AMCP compliance
  • Liaise with internal and external auditors with regards to model.

3) Process monthly valuation data using Prophet DCS and/or SQL/FoxPro to generate monthly model point files and ad-hoc requests as needed.
  • To prepare checks and reconciliation from raw data to model point files
  • Prepare valuation data UAT in the event of new product launching, system enhancement and due to statutory requirement
  • PPerform periodic coding updates to Prophet DCS and SQL/FoxPro.

4) Working with various stakeholders:
  • Various valuation teams - Model and valuation data
  • Pricing team - pricing model and actuarial certificates / product specifications.
  • Regional office - Documentation. logs and processes.
  • Auditors - Models, valuation data, model point files, documentation. logs and processes.
  • IT - system, data.

Qualification and Experience:
  • Degree in Actuarial Science or other quantitative discipline
  • Preferred to have passed at least 3 professional actuarial examinations
  • Knowledge in Prophet, DCS, Microsoft Office (especially Excel and Word) and FoxPro/SQL.
  • Preferred to have some experience in actuarial field
  • Curious, self-driven, independent, great attention to details, problem solver and work well with others
  • Good spoken/written communication skill

Job Details

Employment Types:





Prudentialplc provides life and health insurance and asset management, with a focus on Asia and Africa. We help people get the most out of life, by making healthcare affordable and accessible and by promoting financial inclusion. We protect people's wealth, help them grow their assets, and empower them to save for their goals. The business has more than 18 million life customers in Asia and Africa.Prudential has been providing trusted financial security for 95 years and is listed on stock exchanges in London, Hong Kong, Singapore, and New York. We are proud to be included in the 2022 Bloomberg Gender Equality Index. The index measures gender equality across five pillars: female leadership and talent pipeline, equal pay and gender pay parity, inclusive culture, sexual harassment policies, and pro-women brand. Our inclusion in this global index is testament to our commitment to nurturing diverse talent. #BloombergGEI . Prudential plc is not affiliated in any manner with Prudential Financial, Inc., a company whose principal place of business is in the United States of America or with the Prudential Assurance Company, a subsidiary of M&G plc, a company incorporated in the United Kingdom.

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