Actuarial Associate
Hong Kong

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.

Provide actuarial modeling and projects support within the Actuarial Section. This includes the design, development, enhancement and maintenance of actuarial models and reporting tools, as well as participation in actuarial projects related to financial management and process improvement.

Job Responsibilities

  • Actuarial model development Take part in the actuarial discussion and assessment of the project scope and expectation to identify financial drivers and practical solutions;
  • Construct the technical specification and model design; Carry out the model enhancement and robust change management; Analyze and interpret the financial results and findings;
  • Present the end-to-end project conclusions and recommendations for senior management approval. Projects may include, but not limited to, maintenance, development, streamline and enhancement of actuarial models, both deterministic and stochastic;
  • alignment of actual management practices and new product features for different reporting and analysis purposes.

  • Actuarial project support Participate in and provide technical support on actuarial projects assigned by the Team Head, in collaboration with the BAU actuarial teams.
  • Technical advisory support Assist in the construction of responses to technical enquiries from different stakeholders (regulators, regional office and Head Office).
  • Assist in the maintenance of robust actuarial governance and compliance framework, as well as process changes and implementation to enhance efficiency and effectiveness.

    Job Requirements

  • University degree holder majoring in Actuarial Science or related curriculum.
  • Good progress in actuarial exams.
  • At least 1 year (for OF) or 3 years (for SO) of relevant experience
  • Experience in life insurance industry, preferably with UK with-profits management, economic capital (e.g.
  • Solvency II) and financial reporting experience.
  • 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.
  • Candidate with less experience will be considered as Actuarial Associate
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