Senior Actuarial Professional at Prudential plc

, Kuala Lumpur, Malaysia -

Full Time

Start Date

Immediate

Expiry Date

05 Apr, 26

Salary

0.0

Posted On

05 Jan, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Actuarial Science, Mathematics, Statistics, Physics, Numerate Discipline, Programming Tools, Visual Basic, Prophet, Analytical Mind, Meticulous, Self-Motivated, Risk Assessment, Financial Projections, Project Management, Collaboration, Communication

Industry

Financial Services

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 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, arrangement of reinsurance, calculation of reserves, capital and profit reporting under various regulatory bases. PRINCIPAL DUTIES & RESPONSIBILITIES: Assist the Manager / Senior Manager in providing technical and strategic support for the implementation of various company-wide business projects. This includes product and process reviews, business retention and solutioning, medical repricing project, regulatory change requirements, system upgrade initiatives, and other business initiatives. Support the delivery of actuarial related projects in collaboration with other relevant Departments (Operations, IT and Marketing) to ensure projects align with the company’s vision and provide regular updates on project progression to the Manager / Senior Manager. Assist in conducting comprehensive analyses of the company’s claims, persistency and expense experiences. Support the preparation of detailed management reports to facilitate better understanding and informed decision making. Design and enhance a robust Prophet model office to enable detailed analysis of financial output. This will include all financial output where Prophet is used, such as Statutory Valuation, Embedded Value, New Business Profitability, Group Internal Economic Capital Assessment, IFRS17 and other financial projections to internal stakeholders, Group head office and regulators. Ensure accurate and timely production of financial output, guided by internal governance on Prophet enhancement. Assess risks inherent in the new processes, communicate implications effectively and identify mitigating solutions to manage risk. Provide general actuarial advice and expertise to address policyholder, agent, and regulatory queries. Ensure the information provided is accurate, sufficiently detailed, easily understood by the intended audience, and addresses the issues at hand. Work closely with colleagues across different departments to achieve common goals and ensure the successful execution of projects. Encourage open communication, share knowledge, and support each other in the projects. JOB SPECIFICATION Qualifications: Degree in Actuarial Science/ Mathematics/ Statistics/ Physics or other physical sciences or numerate discipline Good progress in actuarial professional examinations. Experience: At least 3 years relevant working experience Knowledge 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. We are Prudential. For Every Life, For Every Future. Prudential plc provides life and health insurance and asset management to 18 million customers across 24 markets in Asia and Africa. We are headquartered in London and Hong Kong and are focused on four strategic regions: Greater China, ASEAN, India and Africa. We are served by around 68,000 average monthly active agents and more than 200 bank partners. 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. Find out more at www.prudentialplc.com Follow us on LinkedIn

Responsibilities

The incumbent will assist in defining and implementing actuarial standards and processes, providing technical and strategic support for various business projects. Responsibilities include conducting analyses of claims and expenses, preparing management reports, and ensuring accurate financial output.