Manager, Actuarial Services

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 :

The incumbent is responsible for assisting the Head of Business Analytics & Project in defining and implementing appropriate actuarial standards and work processes related 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 :

1. Lead the team in monthly TEV New Business Reporting and Health Pillar Reporting, including Health APE & NBP, ensuring accurate and timely submission to Group and internal stakeholders. Promptly escalate any potential obstacles to the delivery of results to the relevant stakeholders.

2. Provide insight on key drivers to bridge NBP gap against target. Support finance quarterly dialogue and quarterly business plan reviews by highlighting past performance and risks & opportunities to meet Plan APE and NBP targets, including health financial metrics.

3. Support the overall end-to-end delivery of APE and NBP targets for Business Planning. Assist the Head of Business Analytics & Project in driving the annual assumption and modelling review as part of Business Planning. Ensure appropriate checks are conducted on the financial impact analysis and the documentations prepared by the team are comprehensive for other teams’ reference.

4. Interpret and communicate financial results to the Management and other internal and external stakeholders. Ensure accurate and timely production of financial output for new products launched, guided by internal governance on Prophet. Conduct reasonableness checks and provide explanations for any gaps observed against the Pricing model.

5. Drive the implementation of reporting process enhancements and initiatives. Continuously identify opportunities to improve existing workflows and processes.

6. Provide general actuarial advice and expertise to other departments, including addressing 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.

7. Provide guidance, training and general supervision to the team, ensuring consistent career growth and opportunities for professional development.

8. Foster a collaborative team environment by working closely with colleagues across different departments to achieve common goals. Encourage open communication, share knowledge, and support each other in the day-to-day work.

JOB SPECIFICATION : Qualifications :

• Degree in Actuarial Science / Mathematics / Statistics / Physics or other physical sciences or numerate discipline, with good progress in actuarial examinations

Experience :

Knowledge :