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The Modelling and Innovation team (1) performs advanced actuarial modelling projects to maintain and develop actuarial models, ensuring a robust and efficient model for actuarial reporting, pricing and bonus recommendation purposes, and (2) performs innovation projects within the actuarial teams helping the actuarial teams to be more efficient and effective.
Prepare documentations on the model change including modelling methodology and expert judgements made. Projects may include but not limited to modelling of actual management practices, model integration, model efficiency improvement, and address the issues raised by model users.
Maintain a good standard of model control through robust documentation of modelling methodology and known limitations; Assist in constructing technical responses to actuarial queries from external stakeholders, including regulators, auditors, regional office and group office.
Innovation projects : Provide technical and project management support on special actuarial projects assigned by the Team Head and / or the Chief Actuary.
Drive the use of new techniques in different actuarial tasks, for example, the production and development of new experience analysis.
University graduate, with good progress in actuarial examinations
At least 4 years of relevant experience
Knowledge and experience in life insurance industry, preferably with UK with-profits management, economic capital (e.g. Solvency II) and financial reporting experience
Experience in Prophet or other equivalent actuarial modelling software; Exposure to Prophet ALS modelling would be a significant advantage
Good command of both spoken and written English and Chinese
Excellent analytical and problem-solving skills
A team player with good interpersonal skills
Proficiency in Microsoft Word and Excel
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 special requirements.