Senior Actuarial Manager, Pricing job in Hong Kong

Hong Kong Prudential plc

Job Ref:	24040032
Employer:	Prudential plc
Sector:	Investment Life Insurance Professional/Financial Services
Qualifications:	Fully Qualified Actuary
Job Type:	Full Time
Salary and Benefits:	Competitive
Remote:	No
Location
Country:	Hong Kong
City:	Hong Kong
Post Code:	Not specified
Map:	(Show on map)
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. Lead the team to deliver robust actuarial analysis under various financial reporting measures, manage the risks underlying the business, in a timely manner with high quality. Anticipate the need of relevant stakeholders and propose solutions to various business challenges. Lead positive changes to the various processes to enhance team efficiency. In particular, the incumbent will support business development initiatives for the company to deliver its health business aspiration. Job Description: Propose financial engineering mechanism; develop new pricing and new financial strategy; ensure appropriate analysis for product approval and feasibility study during the course of product development. Monitor profitability / sustainability and performing risk / financial analysis. Coordinate with local management team, regional office, distribution channels and other internal departments on various product development projects in order to align with the company's project initiatives; Revamp existing product initiatives and ensure the approval process and needs are met for production and channels; Provide analysis and solution for the management team. Supervise subordinates within the team and provide on-going coaching on actuarial / product / insurance knowledge. Provide on-going coaching to staffs. Challenge status quo and drive changes to increase work efficiency of the team. Ensure the product and pricing process comply with regulations and internal governance; assess the implication to pricing on any change in reporting basis, modeling assumption, investment strategy and get all relevant approvals from both internal and external parties. Job Requirements: University graduate majoring in Actuarial Science or related curriculum Fellow of the Societies of Actuaries or equivalent At least 9 years of actuarial working experience with minimum 3 years at managerial level With product management experience is preferred Experience in pricing or developing health protection proposition (e.g. medical reimbursement cover) is an advantage. Strong negotiation skills with excellence in analytics and solid business and financial acumen. Good in presentation with excellent in spoken and written English and good command of spoken and written Chinese is desired Excellent actuarial knowledge and have a good understanding of local HK regulations on life insurance products. Knowledge various reporting basis and standard is an advantage Ability to work and quickly adapt to changing priorities and to multiple business functions Proven people and management skills 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.

ref: (24040032) 14 days ago

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Senior Actuarial Manager, Pricing job in Hong Kong

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