Assistant Actuarial Manager

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.

Job Descriptions:

Assist in managing the Insurance Risk & Financial Management sub-team under the Actuarial In-Force Management team to:

• Conduct regular experience monitoring and deep-dive analyses to generate insights into emerging insurance risks, enabling effective management of operating experience and annual operating assumption setting.

• Drive transformation in data analytics processes and modeling under the economic valuation regime.

• Participate in insurance risk advisory committees and collaborate with external professional bodies and reinsurers to gain insights into the latest insurance experience trends.

Experience Monitoring & Analysis

Conduct regular experience monitoring and reporting. Develop and enhance experience dashboards. Perform deep-dive studies to uncover emerging insurance risks and support modeling under the economic valuation regime (e.g., mortality improvements, policyholder behavior and options).

Operating Assumption Setting

Support the setting of operating assumptions based on experience and long-term perspectives, considering various financial metrics. Address queries from stakeholders such as the regional office, internal auditors, and external auditors to ensure audit clearance.

Data Analytics Enhancement

Lead enhancements in data analytics processes using advanced predictive tools (e.g., Alteryx, Power BI). Improve the experience dashboard to support more insightful analysis.  

Insurance Risk Advisory Participation

Participate in insurance risk advisory committees. Prepare meaningful and insightful analyses based on experience studies to guide effective management of operating experience.

Cross-Team Collaboration

Collaborate with other actuarial sub-teams (e.g., Product, EV, Distribution) to gather insights and align on strategies for managing insurance experience.

Supervision & Coaching

Supervise team juniors and provide ongoing coaching on actuarial, product, and insurance-related knowledge.

Job Requirements:

• University graduate majoring in Actuarial Science or equivalent subjects
• Minimum 5 years of actuarial working experience.
• Associate of the Society of Actuaries or equivalent.
• Experience in financial reporting and experience monitoring is preferred.
• Solid knowledge in life insurance industry, preferably with experience on insurance risk and experience monitoring.
• Strong technical, analytical and problem-solving skills.
• Knowledge in Prophet, Alteryx, Power BI is a plus.
• Decent business and financial acumen
• Ability to be flexible, adaptable and work independently in a fast-paced environment
• Excellent written and spoken English

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.