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Prudential has been serving the people of Hong Kong since 1964. Through Prudential Hong Kong Limited and Prudential General Insurance Hong Kong Limited, we provide a range of financial planning services and products including individual life insurance, investment-linked insurance, retirement solutions, health and medical protection, general insurance and employee benefits.

Prudential plc is an international financial services group with significant operations in Asia, the US and the UK. We serve over 23 million insurance customers and have £457 billion of assets under management as at 30 June 2014. Prudential plc is listed on stock exchanges in Hong Kong, London, New York and Singapore.

Please visit www.prudential.com.hk for more information.

Prudential has been serving the people of Hong Kong since 1964. Through Prudential Hong Kong Limited and Prudential General Insurance Hong Kong Limited, we provide a range of financial planning services and products including individual life insurance, investment-linked insurance, retirement solutions,...

Prudential has been serving the people of Hong Kong since 1964. Through Prudential Hong Kong Limited and Prudential General Insurance Hong Kong Limited, we provide a range of financial planning services and products including individual life insurance, investment-linked insurance, retirement solutions, health and medical protection, general insurance and employee benefits.

Prudential plc is an international financial services group with significant operations in Asia, the US and the UK. We serve over 23 million insurance customers and have £457 billion of assets under management as at 30 June 2014. Prudential plc is listed on stock exchanges in Hong Kong, London, New York and Singapore.

Please visit www.prudential.com.hk for more information.

Actuarial Manager, Financial Management Projects

Job level Senior
Work exp Minimum 5 Years
Location
Within Hong Kong Hong Kong
Employment type Full Time
Industry Insurance
Job function Insurance > Actuarial
Insurance > Others
Published On 24/01/2018 2018-01-24 2018-02-23
ref. 17120099

Here at Prudential, we understand that success comes from visionaries like you. Your passion and diversity keep us at the forefront of innovation, which is why we are committed to helping you shape your future. We offer a range of career opportunities that span a dozen countries, each providing international perspectives and local reach. Across the broad scope of our operations, Prudential stands united in our dedication to providing protection – for our customers, our communities and our world.

Act as the actuarial internal consultant to provide actuarial project and modeling support within the Actuarial Section. This includes the participation in special actuarial projects relating to advanced industry accounting basis, capital, solvency, process improvement and financial management, as well as the design, development, enhancement and maintenance of actuarial models and reporting tools. An opportunity to develop hands on experience on some of the most innovative technologies in the actuarial field.

Job responsibilities

  • Actuarial project support – Provide technical support on special actuarial projects assigned by the Team Head and/or the Chief Actuary, in collaboration with the BAU actuarial teams. Projects may include the IFRS 17 and Risk-Based Capital reporting regimes development
  • Actuarial model development – Lead the maintenance, development and enhancement of actuarial models, including the deterministic PROPHET model and the stochastic PROPHET ALS model, to ensure that a consistent set of actuarial models is being used for different purposes within the whole Actuarial department, and to reflect new management actions and new product features. Typical actuarial modelling projects in this team are expected to focus on 4 key areas:
  • (1) Initial assessment: Technical actuarial discussion on the actual management practices and expectations across different actuarial functions.
  • (2) System design and technical specifications: Specify the particular model design and structure, identify expected financial drivers, discuss potential technical issues and propose practical solution
  • (3)  Implementation and testing: Model build, and a full range of model validation and result analyses
  • (4) Management approval: Presentations of proposed technical approaches, financial impacts and potential business implications to senior management
  • Technical advisory support – Construct responses to technical enquiries from different stakeholders (regulators, regional office and the UK home office). Initiate proposals on process changes and implementation to enhance efficiency and effectiveness in order to fulfill company and actuarial objectives and strategies. Assist in the maintenance of robust actuarial governance and compliance framework.
  • People Management – Supervise junior members to achieve performance objectives, through providing continuous actuarial knowledge development and regular career coaching. Assist the resource planning and support staff engagement initiatives.

Qualifications and Experience

  • Fellow of the Society of Actuaries or Equivalent
  • At least 6 years of relevant experience
  • Candidates with less experience would be considered as Assistant Manager

Skills/Knowledge

  • Solid 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
  • Actuarial consultancy background or experience in project management is a plus
  • Good problem solving and analytical skills
  • Ability to transform complex technical actuarial issues into simple business concepts in presenting to senior management
  • Experience in coaching junior actuarial staff and managing a team
  • Goodcommandof bothspokenandwrittenEnglish

 

For other vacancies, please visit our website at https://prucareer.prudential.com.hk

We offer an attractive remuneration package including 5-day work week and flexible benefits. Please submit your application with present and expected salaries online.

Data collected will be used for recruitment purpose only and will be kept for 24 months. Only short-listed candidates will be notified.