Senior Actuarial Manager, Pricing

1 week ago


Hong Kong, Central and Western District, Hong Kong SAR China Prudential plc Full time
Job Title: Senior Actuarial Manager, Pricing

At Prudential plc, we are committed to being partners for every life and protectors for every future. Our purpose drives everything we do, creating a culture where diversity is celebrated and inclusion is assured. We provide a platform for our people to excel and make an impact, supporting their career ambitions.

Job Summary:

We are seeking a Senior Actuarial Manager, Pricing to lead our team in delivering robust actuarial analysis under various financial reporting measures. The successful candidate will manage risks, anticipate stakeholder needs, and propose solutions to business challenges. This role will also support business development initiatives to drive our health business aspiration.

Key Responsibilities:
  • Actuarial Analysis: Develop and implement actuarial models to ensure accurate and timely financial reporting. Monitor profitability and sustainability, performing risk and financial analysis to inform business decisions.
  • Product Development: Collaborate with local management teams, regional offices, and distribution channels to align product development projects with company initiatives. Revamp existing product initiatives and ensure approval processes are met.
  • Team Leadership: Supervise subordinates, providing coaching on actuarial, product, and insurance knowledge. Challenge status quo and drive changes to increase team efficiency.
  • Regulatory Compliance: Ensure product and pricing processes comply with regulations and internal governance. Assess implications of changes in reporting basis, modeling assumptions, and investment strategies.
Requirements:
  • University graduate in Actuarial Science or related field
  • Fellow of the Societies of Actuaries or equivalent
  • At least 9 years of actuarial working experience, with 3 years at managerial level
  • Product management experience preferred
  • Experience in pricing or developing health protection propositions an advantage
  • Strong negotiation skills, excellent analytics, and solid business and financial acumen
  • Excellent actuarial knowledge and understanding of local HK regulations on life insurance products
  • Ability to work with changing priorities and multiple business functions
  • Proven people and management skills


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