Assistant Actuarial Manager, Pricing job in Hong Kong

Hong Kong Prudential plc

Job Ref:	24040033
Employer:	Prudential plc
Sector:	Investment Life Insurance Professional/Financial Services
Qualifications:	Fully Qualified Actuary
Software:	Prophet
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. To assist the immediate manager in carrying out operational and development tasks in product development, ongoing product management, reinsurance and other ad-hoc projects and analysis in order to facilitate the business decision making, Leading junior colleagues to perform actuarial analyses to compile the actuarial pricing report for further approval. In particular, the incumbent will support business development initiatives for the company to deliver its health business aspiration Job Descriptions: Develop and conduct robust actuarial analysis on the formulation of new business and product pricing under various financial reporting measures (including IFRS, EEV and Solvency II basis) for product feasibility study and approval. Prepare indicative pricing and assessment for the management team for decision making. Bring insight to recommendation and implications. Prepare approval document and facilitate the approval from local management and regional office. Review marketing materials and provisions to ensure appropriate message in relation to policyholder reasonable expectation are properly in place and comply with regulatory guidelines. Ensure the user acceptance test performed by Actuarial Product Management team are in good standing before implementation. Coordinate with local management team, regional office, and distribution channels and other internal departments to support their project initiatives through performing risk / financial analysis. Provide actuarial support and recommendation and solutions to day-to-day operational issues and enquires. Ensure the quality of work produced by the team through supervision, guidance and coaching of subordinates on actuarial / product / insurance knowledge. Job Requirements: University graduate majoring in Actuarial Science or related curriculum Fellow of the Societies of Actuaries or equivalent 4-6 years relevant actuarial working experience Experience in pricing or developing health protection proposition (e.g. medical reimbursement cover) is an advantage. Strong communication skill and command of both spoken and written English and Chinese Solid actuarial knowledge and financial modeling skills. Knowledge in Prophet model programming is preferred and stochastic modelling skill is desirable Experience in coaching junior actuarial staff and managing a team 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: (24040033) 14 days ago

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Assistant Actuarial Manager, Pricing job in Hong Kong

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