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Actuarial Assistant, Modelling and Innovation

Prudential plc Mongkok, Hong Kong
Posted 27 days ago Permanent Competitive
Actuarial Assistant, Modelling and Innovation
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.

The Modelling and Innovation team (1) 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, and (2) performs innovation projects within the actuarial teams helping the actuarial teams to be more efficient and effective.

Job Responsibilities

1. Model enhancement projects : Take part in the actuarial discussion and assessment of the project scope and expectation to identify financial drivers and practical solutions; Construct the technical specification and model design with balance of technical robustness and operational efficiency; Carry out the model enhancement and robust change management; Analyze and interpret the financial results and findings; Present the end-to-end project conclusions and recommendations for senior management approval; Prepare documentations on the model change including modelling methodology and expert judgements made. Projects may include but not limited to modelling of actual management practices, model integration, model efficiency improvement, and address the issues raised by model users.

2. Model maintenance : Assist in the maintenance of advanced actuarial models, including the deterministic model, stochastic model, dynamic model and ALS model; Perform model enhancements to integrate new product features and improve model efficiency; Perform regular model validation projects to ensure model accuracy; Maintain a good standard of model control through robust documentation of modelling methodology and known limitations; Assist in constructing technical responses to actuarial queries from external stakeholders, including regulators, auditors, regional office and group office.

3. 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 in different actuarial tasks to streamline processes.

Job Requirements
  • University graduate, with good progress in actuarial examinations
  • Knowledge and/or experience in life insurance industry
  • Experience in Prophet or other equivalent actuarial modelling software is a plus
  • Excellent command of English, ability to speak Chinese will be advantageous
  • Good analytical and problem-solving skills
  • A team player with good interpersonal skills
  • Proficiency in Microsoft Word and Excel

Prudential is an equal opportunity employer. We provide equality of opportunity of benefits for all who apply and who perform work for our organisation irrespective of sex, race, age, ethnic origin, educational, social and cultural background, marital status, pregnancy and maternity, religion or belief, disability or part-time / fixed-term work, or any other status protected by applicable law. We encourage the same standards from our recruitment and third-party suppliers taking into account the context of grade, job and location. We also allow for reasonable adjustments to support people with individual physical or mental health requirements.
Job ID  24020085
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