Actuarial Manager, HKRBC Reporting

Found in: Talent HK C2 - 3 weeks ago


Hong Kong, Hong Kong SAR China Prudential plc Full time

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.

This role will participate in the regular valuation and reporting tasks relating to the Hong Kong Risk-based Capital regime, including (but not limited to) the production and analysis of the economic balance sheet and capital position, preparing the filing materials including HKRBC Pillar 3 Returns, and participating in capital projects and initiatives by providing financial impact analysis.

Job Descriptions:

1. Responsible to support the HKRBC regular closing, including:

Responsible to support the regular HKRBC production on analysis, explanation, and communication of the results Responsible for the preparation of the GWS reporting under HKRBC Responsible for the preparation of the regular filing materials to regulator, including but not limited to HKRBC Pillar 3 Returns Liaison with auditors to ensure audit clearance

2. Support the potential capital projects in implementing new methodology and assumptions for HKRBC, including:

Responsible for the HKRBC Valuation Methodology & Assumption review Assist in various capital and ALM initiatives to optimise the company’s capital utilisation under HKRBC by providing financial impact analysis

3. Identify and implement the actuarial processes improvements and controls for enhancing the overall reporting processes efficiency. Ensure that internal and external governance and controls are adhered to and assist in the regular audit review. Also responsible for giving inputs and performing User Acceptance Tests for Automation and other process improvement initiatives.

4. Coordinate with internal parties to ensure that any updates on actuarial models are set-up and implemented properly for production. Perform appropriate levels of checking and model investigation as required.

Job requirements:

University degree holder majoring in a numerical subject (e.g. Actuarial Science, Mathematics, Physics etc.). Fellow of Society of Actuaries, or other equivalent actuarial bodies Relevant working experience is required. Proficiency in actuarial software is an advantage Knowledge of Prophet and stochastic modelling is an advantage. Ability to develop and update economic models in Excel or similar Supervise junior members within the team and provide ongoing coaching on actuarial / product / insurance knowledge. Excellent command of English, ability to speak Chinese will be advantageous

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