Actuarial Expert for Product Development

1 month ago


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

Prudential plc is a leading international life insurance group, providing customers with comprehensive financial solutions. We foster an inclusive culture where diversity and innovation thrive, enabling our employees to achieve their full potential.

Job Summary

We are seeking an experienced Actuarial Associate to join our Pricing team in Hong Kong. As an Actuarial Associate, you will be responsible for performing actuarial & financial analyses, providing technical support to senior members of the team, and driving innovation in product development.

Key Responsibilities
  • Participate in product development process and assist in recommending 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.
Requirements
  • University graduate majoring in Actuarial Science or related curriculum.
  • Associate of Society of Actuaries or equivalent.
  • Minimum 3 years relevant actuarial working experience.
  • 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.
Compensation

The estimated salary range for this role is HK$400,000 - HK$600,000 per annum, depending on experience and qualifications.



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