Assistant Actuarial Manager, IFRS17 - Prophet Modelling
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.

We help people get the most out of life.

For over 95 years, we have been making healthcare accessible and affordable, protecting wealth and growing assets, and empowering people to save for their goals.

Headquartered in London and Hong Kong, Prudential has been providing familiar, trusted financial security to 15 million customers in Asia and Africa.

IFRS 17 Transition Workstream manages the implementation for transition and determine the opening balance sheet ( OBS ) as at transition date, determine the optimal transition approach, ensures the compliance with the IASB Standard and meets Group’s financial & strategic objectives.

This role is mainly to develop and build the required valuation process for IFRS 17, including data extraction, transformation and allocation, and to perform the financial impact assessment and parallel run.

Accountabilities :

Review and comment on the design of IFRS17 actuarial models to make certain that aligns with the technical requirement of IFRS17.

Ensure the design is compatible with the existing models or provide technically sound alternatives in case there are limitations.

Identify and perform the required model enhancement or develop tools to facilitate the assessment of financial impacts; Set out the model enhancements to ensure the Management Information (MI) can be analyzed at the required granularity.

  • Provide advices to different stakeholders on the solution build of Prophet models and ensure the enhancements could support end-to-end IFRS 17 production process;
  • Lead the execution on the model optimization which facilitates an efficient process for future financial reporting.

  • Collaborate with consultants and other Actuarial Teams to complete the model building or model enhancement as per agreed timeline;
  • Provide regular update of the project progress, findings and related analysis to senior management and project manager and raise any potential show stoppers / resources issues whenever necessary.

    Requirements :

    Associate of the Society of Actuaries or equivalent

    University graduate

    At least 5 years of relevant experience, candidates with less working experience will be considered as Senior Officer

    Proven experience in life insurance industry, preferably with actuarial modelling experience

    Experienced user in Prophet or other equivalent actuarial modelling software; Experience in Prophet ALS modelling would be a plus

    Possess in-depth knowledge to the IFRS 17 standard would be an advantage

    A team player with good interpersonal skills

    Good command of both spoken and written English and Chinese

    Join a team who understands that at the core of what we DO, is people.

    Every day, we spark our collective talent and expertise to reimagine the future of well-being; so we can continue to make a positive impact on our customers and our communities.

    Prudential is an equal opportunity employer. We provide opportunities for people regardless of their gender, ethnicity, disability status, age, religion, caring responsibilities or sexual orientation.

    A diversity of skillsets and backgrounds enriches the organisation. Prudential believes that diversity of experience, thought and background is vital to success, both today and in the future.

    Click to find out more about our diversity and inclusivity policy.


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