Job ref no.: CT3116776-01#0025
Prudential Hong Kong Limited

Senior Actuarial Associate (Actuarial Projects)

Prudential Hong Kong Limited

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

Here at Prudential, we understand that success comes from visionaries like you. Your passion and diversity keep us at the forefront of innovation, which is why we are committed to helping you shape your future. We offer a range of career opportunities that span a dozen countries, each providing international perspectives and local reach. Across the broad scope of our operations, Prudential stands united in our dedication to providing protection – for our customers, our communities and our world.

Support the responsibilities of the Chief Actuary Office to provide actuarial project and modeling support within the Actuarial Section. This includes the participation in special actuarial projects relating to advanced industry accounting basis, capital, solvency, process improvement and financial management, as well as the design, development, enhancement and maintenance of actuarial models and reporting tools.

Job Responsibilities:

  • Actuarial projects support - Provide technical support on special actuarial projects assigned by the team head and/or the Chief Actuary, in collaboration with the actuarial teams. Projects may include the IFRS 17 and Risk-Based Capital reporting regimes development.
  • Actuarial model development - Take part in the maintenance, development and enhancement of actuarial models, including the deterministic PROPHET model and the stochastic PROPHET ALS model, to 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. Typical actuarial modelling projects in this team are expected to focus on 4 key areas:

(1) Initial assessment: Technical actuarial discussion on the actual management practices and expectations across different actuarial functions.

(2) System design and technical specifications: Specify the particular model design and structure, identify expected financial drivers, discuss potential technical issues and propose practical solution.

(3) Implementation and testing: Model build, and a full range of model validation and result analyses.

(4) Management approval: Presentations of proposed technical approaches, financial impacts and potential business implications to senior management.

  • Technical advisory support – Assist in the construction of responses to technical enquiries from different stakeholders (regulators, regional office and the UK group head 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:

  • University degree holder majoring in Actuarial Science or related fields
  • Decent progress in actuarial exams
  • At least 1-2 years of relevant experience
  • Experience in UK with-profits management, economic capital or financial experience is a plus
  • A team player with good communication and presentational skills, able to work under pressure
  • Detail-minded and with good problem solving and analytical skills
  • Good command of both spoken and written English
  • Modeling experience with PROPHET and stochastic modeling software (e.g. PROPHET ALS) is a plus
  • Applicants with less experience would be considered as actuarial associate

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

Please submit your application with present and expected salaries online.

To apply: https://prudential.wd3.myworkdayjobs.com/en-US/prudential/job/Hong-Kong/Senior-Actuarial-Associate--Actuarial-Projects-_18040056

We offer an attractive remuneration package including 5-day work week and flexible benefits.

Data collected will be used for recruitment purpose only and will be kept for 12 months. Only short-listed candidates will be notified.

More job information
Job ref no. CT3116776-01#0025
Salary
  • N/A
Job Function
Industry
Employment Term
  • Permanent
  • Full-time
Experience
  • 1 year - 2 years
Career Level
  • Non-management level
Education
  • Degree