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.
Support the Director of the Actuarial Independent Validation team to plan and conduct Independent Validation of the Actuarial Department’s Models and User Defined Applications.
Models and User Defined Applications includes but is not limited to the following :
Valuation of financial assets and insurance liabilities;
Business plan projection of balance sheets and solvency positions;
Stochastic simulation and scenario generation techniques;
Applications of statistical techniques, such as regressions.
The scope of regular validation may comprise the following areas :
Use of Data and Inputs in the Tool
Expert Judgements applied in the Tool
Implementation / Independent Replication
Reasonableness of Outputs
Use of the Tool
Quality of Documentation
Controls Design & Operation
Risk Rating & Information on the Inventory
Job Descriptions :
Carry out the model validation with consideration of actual management practices and the expected modelling methodology;
Assist in designing appropriate and effective validation approaches for the tool under validation;
Present validation results and findings to senior management;
Prepare model validation report and assist in governance processes;
Take part in the discussion of validation scope and requirements;
Assist in constructing responses to external stakeholders, including auditors, regional office and group office
Job Requirements :
Minimum of 4 years working experience.
Fellow of Society of Actuaries, or other equivalent actuarial bodies.
Broad experiences on wide range of actuarial tasks necessary to conduct independent validation across the entire actuarial department.
Good business and financial acumen
Experience with modelling software and developing complex actuarial models
Bias for action and results driven
Good communication, facilitation and presentation skills
Ability to work with diverse personalities, cultures and business practices inherit to an international organization
Operates with high standards and integrity
Ability to multi-task, be flexible, adaptable and comfortable in a fast-paced environment
Excellent written and spoken English