Actuarial Modelling and Innovation Specialist

3 weeks ago


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

Prudential's purpose is to be a trusted partner for every life and a protector for every future. Our purpose drives everything we do by fostering a culture of diversity and inclusion, where our people, customers, and partners thrive. We provide a platform for our people to excel and make a meaningful impact on the business, and we support their career aspirations. We pledge to make Prudential a place where you can Connect, Grow, and Succeed.

Job Summary

The Modelling and Innovation team performs advanced actuarial modelling projects to maintain and develop actuarial models, ensuring a robust and efficient model for actuarial reporting, pricing, and bonus recommendation purposes. The team also conducts innovation projects within the actuarial teams to enhance efficiency and effectiveness.

Key Responsibilities
  • Model enhancement projects: Participate in actuarial discussions to identify financial drivers and practical solutions; develop technical specifications and model designs; carry out model enhancements and change management; analyze and interpret financial results; present project conclusions and recommendations; document model changes, including modelling methodology and expert judgements.
  • Model maintenance: Assist in maintaining advanced actuarial models, including deterministic, stochastic, dynamic, and ALS models; perform model enhancements to integrate new product features and improve model efficiency; conduct regular model validation projects to ensure model accuracy; maintain model control through robust documentation of modelling methodology and known limitations.
  • Innovation projects: Provide technical and project management support on special actuarial projects assigned by the Team Head and/or the Chief Actuary; drive the use of new tools and techniques to streamline actuarial tasks.
Requirements
  • University graduate with good progress in actuarial examinations
  • Knowledge and/or experience in the life insurance industry
  • Experience in Prophet or other equivalent actuarial modelling software is a plus
  • Good command of both spoken and written English and Chinese
  • Good analytical and problem-solving skills
  • A team player with good interpersonal skills
  • Proficiency in Microsoft Word and Excel


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