Senior Actuarial Associate, Pricing

Hong Kong, Hong Kong
Last update 2024-06-16
Expires 2024-07-16
ID #2168990447
Senior Actuarial Associate, Pricing
Hong Kong, Hong Kong,
Modified May 25, 2024


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.

To perform actuarial & financial analyses and provide technical support (include financial modeling) to senior members of the Product Pricing and Solutions team in driving innovation, developing competitive and profitable products and solutions, perform user acceptance test and other project initiatives.

In particular, the incumbent will support business development initiatives for the company to deliver its health business aspiration.

Job Descriptions: Participate in product development process and assist in recommending appropriate premium and policy values based on various financial and scenario analysis.

Perform robust actuarial pricing analysis under various financial reporting measures (including EEV, RBC, GIECA, IFRS17) and assist in the preparation of product approval documents.

Review marketing materials and provisions to ensure all information is correctly and properly reflected.

Work closely with product workstream members and conduct user acceptance test on products and enhancement on any product development and system enhancements projects.

Assist the ongoing monitoring of the profitability / sustainability of in-force products and recommend actions through performing appropriate risk / financial analysis.

Handle and recommend solutions to day-to-day operations issues / enquiries / requests raised from distribution channels and other departments.

Provide guidance to juniors in supporting and handling day-to-day operational matters.

Job Requirements: University graduate majoring in Actuarial Science or related curriculum Associate of Society of Actuaries or equivalent Minimum 3 years relevant actuarial working experience Experience in pricing or developing health protection proposition (e.g.

medical reimbursement cover) is an advantage.

Good communication skill and command of both spoken and written English and Chinese Excellent analytical and problem solving skill Solid actuarial knowledge (e.g.

various reserving and capital/reporting basis) and good financial modeling skill Knowledge in Prophet model programming is preferred and stochastic modelling skill is desirable 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.

Job details:

Job type: Full time
Contract type: Permanent
Salary type: Monthly
Occupation: Senior actuarial associate, pricing

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