Actuarial Professional

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 SCOPE:
Actuarial knowledge and skills are necessary in various aspects of insurance business, e.g. product design and pricing, 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:

• Set up and run Prophet model office. Compile results and provide supporting analyses. Ensure proper documentation of model office procedures. Correct and timely production of financial results from Prophet. Proper documentation of work.

• Perform actuarial valuation and other Prophet financial calculation runs as required by Assistant Manager. Ensure data is reconciled and accurate for the purposes of financial report production. Conduct reasonableness checks and analyses on results. Accurate and timely production of financial calculations.

• Active monitoring on the performance of inforce business. Monitor emerging experience is in line with best estimate assumptions.Provide quality findings on the trend of operating experiences and the deviation from Plan.Work closely with relevant stakeholders to provide insights on key drivers to achieve the business and financial outcomes.

• Support 3-year Business Plan through timely and accurate submission. Support overall end to end delivery of Business Plan. Provide highlight on past performance and future initiatives required to meet targets. Ensure new assumptions and model are properly incorporated into BP25 results & the final model raised. Provide financial analysis and advice to business to support accelerated growth and other business initiatives.

• Manage and maintain Prophet, including ensuring all required procedures and documentation are completed whenever any changes/updates/revisions are made to the model office. Proper management of Prophet as evidenced by complete documentation.

• Provision of general actuarial support to other departments as necessary. Correct and timely provision of actuarial advice.

JOB SPECIFICATION:
a) Qualifications:

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

• Actively pursuing professional actuarial examinations

b) Experience:

• A numerate and analytical mind.

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

c) 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

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.