Job title:Senior Actuarial Professional
Company:Prudential
Job description: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.
The incumbent is responsible to assist the Actuarial Manager / Senior Manager to define and implement appropriate actuarial standards and work processes in relation to the provision of actuarial services to the Company. 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 to set pricing assumptions, arrangement of reinsurance, calculation of reserves and profit reporting under various regulatory bases to assess financial health of a new product.
Principal Duties & ResponsibilitiesParticipate in the product development process with other relevant Departments (Marketing, IT and Operations).
Provide technical support and specifications with respect to new insurance products.
Recommend appropriate pricing assumptions and profitability targets.
Undertake pricing of products based on agreed pricing assumptions and profitability targets in Prophet and Excel.
Correct and timely pricing of products.
Accurate and timely provision of actuarial support to Product Implementation Team.
Model and analyze Prophet model office for new products / modifications.
Perform reasonable checks as appropriate.
Interpret and communicate results to Actuarial Manager/ Senior Manager.
Participate in assessing risks inherent in a new product, communicate implications effectively and identify mitigating solutions to manage risk.
Provide general supervision to team as a senior member, ensuring consistent career growth and opportunities provided.
Job SpecificationDegree in Actuarial Science/ Mathematics/ Statistics/ Physics or other physical sciences or numerate discipline.
Good progress in actuarial professional examinations.
At least 2 to 3 years working experience.
A numerate and analytical mind.
Proficiency with programming tools (e.g. Visual Basic).
Practical knowledge in Prophet (preferred) or other projection software would be preferred.
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.
Expected salary:
Location:Kuala Lumpur
Job posting date:Fri, 14 Jun 2024 22:56:03 GMT
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