Senior Actuary Manager for Capital Optimization

3 days ago


Hong Kong, Central and Western District, Hong Kong SAR China Prudential plc Full time

Prudential plc is committed to being a partner for every life and protector for every future. Our purpose guides everything we do, fostering a culture of diversity and inclusion for our people, customers, and partners. We provide a platform for our team members to excel in their roles and make meaningful contributions to the business. This includes career development opportunities, allowing individuals to Connect, Grow, and Succeed.

Job Overview

The Economic Capital Reporting team under your management will be responsible for producing high-quality actuarial valuation results, analysis, stress testing, and business plans based on Group Internal Economic Capital Assessment (GIECA) principles. These deliverables are critical in maintaining a healthy financial position for the company and identifying actions to enhance solvency.

Main Responsibilities:

  • Manage the Economic Capital Reporting team to produce regular results, including coverage ratios, P&L attribution, and economic capital requirements. Collaborate with the Global Head Office (GHO) on methodology discussions.
  • Lead the production of business plans, support GHO with lite model calibration/validation, and communicate results to senior management with detailed analyses highlighting key drivers.
  • Ensure high-quality results and analysis by managing processes and controls within the Economic Capital Reporting team. Work with internal and external auditors to maintain robust processes and controls.
  • Support ad-hoc requests from Group stakeholders.
  • People Management: Provide guidance, training, and supervision to junior team members. Ensure tasks are performed in line with requirements and results are accurate with adequate checking.
Requirements

To succeed in this role, you will need:

  • A university degree in a numerical field (e.g., Actuarial Science, Mathematics).
  • Associate membership of the Society of Actuaries or equivalent actuarial bodies.
  • A minimum of 4.5 years relevant working experience.
  • Strong knowledge of actuarial concepts, solvency II/Economic Capital, and insurance regulatory requirements in Hong Kong.
  • Excellent communication and presentation skills (written and spoken).
  • Ability to multi-task, be flexible, adaptable, and comfortable in a fast-paced environment.
  • Strong interpersonal skills and ability to build collaborative relationships with stakeholders.
  • Good analytical, problem-solving, and organizational skills.
  • Prophet modeling experience and programming knowledge are highly desirable.

Estimated Salary Range: HKD 800,000 - HKD 1,200,000 per annum, depending on experience.



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