At Prudential, we understand that success comes from the talent and commitment of our people. Together, we have a shared vision in securing the future of our customers and our communities. We strive to build a business that you can shape, an inclusive workplace where everyone's ideas are valued and a culture where we can thrive together. Our people stay connected and tuned in to what's happening around us, keeping us ahead of the curve. While focused on the long-term, we look to the future to bring growth, development and benefit to everyone whose lives we touch.
JOB SCOPE:(role purpose)
Actuarial knowledge and skills are necessary in the implementation of the new reporting standard, MFRS / IFRS 17. PRINCIPAL DUTIES & RESPONSIBILITIES:
1. Set up and run Prophet model office. Compile results and provide supporting analyses. Ensure proper documentation of model office procedures. Proper documentation of work.
2. Perform actuarial valuation and other Prophet financial calculation runs as required by Assistant Manager. Ensure data is reconciled and accurate for the purposes of financial report production. Conduct reasonableness checks and analyses on results. Accurate and timely production of financial calculations.
3. Perform Prophet modeling and Data Conversion System (DCS) changes to incorporate MFRS / IFRS 17 requirements, including ensuring all required procedures and documentation are completed whenever any revisions are made.
4. Provide support for IT system testing readiness.
5. Provision of general actuarial support to other departments as necessary. Correct and timely provision of actuarial advice. JOB SPECIFICATION:
- Degree in Actuarial Science/ Mathematics/ Statistics/ Physics or other physical sciences or numerate discipline
- Actively pursuing professional actuarial examinations
- Experience: A numerate and analytical mind.
- Proficiency with programming tools (e.g. Visual Basic)
- Practical knowledge in Prophet (preferred) or other projection software would be preferred but training will be provided otherwise
- Must be meticulous with the ability to work under pressure.
- Must be self-motivated with the ability to work under minimum supervision