Job ref no.: 19010068 (CT3118062-01#0118)
Prudential Hong Kong Limited

Actuarial Associate- IFRS 17 Project

Prudential Hong Kong Limited

Benefits
  • 5-day week
  • Insurance plan
  • Medical plan

At Prudential, we understand that success comes from the talent and commitment of our people. Together, we have a shared vision in securing the future of our customers and our communities. We strive to build a business that you can shape, an inclusive workplace where everyone’s ideas are valued and a culture where we can thrive together. Our people stay connected and tuned in to what’s happening around us, keeping us ahead of the curve. While focused on the long-term, we look to the future to bring growth, development and benefit to everyone whose lives we touch.

Support the responsibilities of the Chief Actuary Office to drive actuarial projects and provide modeling support for the Actuarial Section. This role is within the IFRS 17 project team and will mainly focus on requirement interpretation, financial management, transition, system solution design and implementation of this new international reporting standard. The candidate will have exposure to senior management and stakeholders across various departments, both internally and externally.

The role may also participate in other projects such as process improvement and financial management; as well as the design, development, enhancement and maintenance of actuarial models and reporting tools.

 

Job Responsibilities

  • IFRS 17 project support – Provide technical support on IFRS 17 analysis and study assigned by the IFRS 17 team leader and may closely work with BAU actuarial teams and finance team. This includes technical interpretation, financial analysis, and implementation of new process and systems for IFRS17.
  • Actuarial model development – Develop Prophet models or any other actuarial models to facilitate the financial and operational analysis of the IFRS 17 standard. Take part in the maintenance, development and enhancement of actuarial models, including the deterministic and stochastic Prophet models. Ensure that a consistent set of actuarial models is being used for different purposes within the whole Actuarial department, and to reflect new management actions and new product features. Take part in the system solution design work for the full IFRS17 implementation work.
  • Technical advisory support – Assist in the construction of responses to technical enquiries from different stakeholders (senior management, regulators, regional office and the UK home office). Assist in process changes and implementation to enhance efficiency and effectiveness in order to fulfill company and actuarial objectives and strategies. Assist in the maintenance of robust actuarial governance and compliance framework.

 

Job Requirements

  • Decent progress in actuarial exams
  • At least 1-2 years of relevant experience
  • Experience in life insurance industry, preferably with financial reporting, economic capital (e.g. Solvency II) and experience with participating business.
  • Modeling experience with Prophet and stochastic modeling software (e.g. Prophet ALS) is a plus
  • A team player with strong communication and interpersonal skills, able to work independently and under pressure
  • Good problem solving and analytical skills
  • Good command of both spoken and written English.

 

For other vacancies, please visit our website at https://prudential.wd3.myworkdayjobs.com/en-US/prudential

We offer an attractive remuneration package including 5-day work week and flexible benefits. Please submit your application with present and expected salaries online.

To Apply: https://prudential.wd3.myworkdayjobs.com/en-US/prudential/job/Hong-Kong/Actuarial-Associate--IFRS-17-Project_19010068

Data collected will be used for recruitment purpose only and will be kept for 24 months. Only short-listed candidates will  be notified.

More job information
Job ref no. 19010068 (CT3118062-01#0118)
Salary
  • N/A
Job Function
Industry
Employment Term
  • Full-time
Experience
  • 1 year - 2 years
Career Level
  • Non-management level
Education
  • Degree