Actuarial Manager
3 days ago
Prudential's purpose is to help people get the most out of life. We will deliver our purpose by creating a culture in which diversity is celebrated and inclusion assured, for our colleagues, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and in exchange, we support our people's career ambitions. We pledge to make Prudential a place where you can Connect, Grow and Succeed.
Support Head of In-force to ensure that related activities are in line with sound actuarial principles and standards, statutory requirements and meet department’s goals and objectives.
Job Responsibilities
- Co-ordinate the preparation of various actuarial and financial reports required by regulators, Prudential Group and internal management.
- Act as first point of contact for basic queries relating to those reports.
- Ensure results, processes and procedures are sound, accurate and fully documented. In particular, ensure compliance with regulatory requirements, PCA standards and actuarial principles. Conduct regular experience analyses to provide input into the assumptions to be used in pricing, valuation, and business projections.
- Drive a more holistic framework with respect to the management of PVA's PAR fund, to be in line with applicable regulations, internal practice and TCF.
- Conduct periodic investigations into the supportability of the ULP/Pension fund performance, and in the setting and recommendation of crediting rates to policyholders.
- Key point of contact with external auditors, regulators, and other senior stakeholders.
- Provide support to Junior team members with BAU tasks including reinsurance management, UAT Test for system implementations, expense analysis and experience analysis, PAR products like bonus declaration etc.
- Provide support to Junior team members in conducting wide variety of ad-hoc actuarial investigations and In-force Management projects. It can include working in different teams within IFM. Provide support to Head of In-force in managing new projects, stakeholders’ (internal and external) expectations.
- To be assigned by the Line manager or Company’s management (if any) and support other members on business tasks. Provide support to grow team members to their respective next level.
Job Accountability
Meet all the deadlines of individual assignments and projects Relationships and Communications: Build effective relationships both within and outside the department; seek input from and maintain effective ongoing communication with others:
- a. Internal:
- Marketing, Finance, Risk, Claims, Underwriting, Actuarial etc.
- Other departments: coordinate when necessary
- b. External:
- MOF, PCA, Reinsurers, Auditors etc.
- Managing and developing people
- Qualifications:
- Knowledge and skill:
- Mandatory:
- Good team handling skills and good stakeholder management skills.
- Knowledge of actuarial techniques and terminology.
- Good actuarial and insurance knowledge learned from both examinations and job experience.
- Understanding of the dynamics of an insurance company and how the actuarial functions relate to this.
- High analytical skill.
- Ability to work independently and with mínimal supervision as well as a good team player.
- Strong leadership, project management, coaching and mentoring skills.
- Excellent communication skills.
- Time management skill.
- Good command of written and spoken English.
- Good analytical and problem-solving skill, demonstrate attention to detail.
- Competencies
- Demonstrate attention to detail.
- Demonstrate teamwork, willingly offer help and support to colleges.
- Taking responsibility of own and team’s work.
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