Senior Actuarial Professional

Senior Actuarial Professional

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.
JOB SCOPE
Actuarial knowledge and skills are necessary in various aspects of insurance business, e.g. product design and pricing, product configuration and modelling, analysis of the company's claims, persistency and expense experience, arrangement of reinsurance, calculation of reserves and profit reporting under various regulatory bases.PRINCIPAL DUTIES & RESPONSIBILITIES:

Assist the Team Lead in providing technical and strategy supports on implementation of various company business projects. This includes BAU product delivery, Optimal migration, medical repricing project, bonus revision project and other business initiatives.
Supervise and/or provide guidance to junior member in performing scoping of actuarial requirements into the Master Spreadsheet Models. Ensure the adherence to basic principles of modelling. Ensure no or limited impact to the existing products after the incorporation of new requirements through sample testing. Manage sign-offs of Master Spreadsheet Models. Work closely with Business Analysts for the development of integration requirements.
Set up and run VPMS model. Ensure accuracy of calculations and business rules modeled. Compile test results and prepare documentation for testing sign-offs. Accurate and timely delivery of VPMS model.
Assist in the defect analysis and resolve migration defects arising from User Acceptance Test (UAT) and Ongoing Reliability Test (ORT). Provide and recommend solutions to address defect incurred for decision making purpose. Proper documentation of defect analysis and solution.
Provide supports to the actuarial department on transforming the actuarial processes to be more cost and time effective. Ensure the actuarial business model is sustainable for long term.
Provide actuarial support and analysis to other departments as necessary. Correct and timely provision of actuarial advice.
JOB SPECIFICATION

  • Degree in Actuarial Science/ Mathematics/ Statistics/ Physics or other physical sciences or numerate discipline

  • Actively pursuing professional actuarial examinations

  • Minimum two years of working experience

  • A numerate and analytical mind

  • Proficiency with programming tools (e.g. Visual Basic)

Knowledge

  • Practical knowledge in Prophet (preferred) or other projection software would be preferred but training will be provided otherwise

  • Must be meticulous with the ability to work under pressure

  • Must be self-motivated with the ability to work under minimum supervision

Job Details

Employment Types:

Industry:

Other

Function:

IT

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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