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Actuarial Manager, Actuarial Product

Prudential Hong Kong Limited

  • Company Industries:Insurance / Pension Funding

Job Information

  • Post Date:2019-06-20
  • Career Level:Senior
  • Location:Quarry Bay
  • Yr(s) of Exp:7 years
  • Qualification:Degree
  • Salary:Salary negotiable
  • Employment Type:Full Time, Permanent
  • Job Function:Actuarial
  • Benefits:Five-day work week

Job Description

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.

To support the Senior Manager of the Actuarial Product Management Team to deliver robust product pricing, strategic projects and operational tasks, from leading junior colleagues to perform actuarial analyses to compiling the actuarial pricing report for further approval. The incumbent also needs to coach and develop the junior colleagues.
 
Job Responsibilities
  • Perform robust actuarial analysis on formulation of new business and product pricing under various financial reporting measures (including IFRS, EEV, MCEV and Solvency II basis) for product feasibility study and approval. Review and propose the necessity of reinsurance arrangement in product development and negotiate with reinsurers. Recommend pricing assumptions and necessary risk mitigation measures. Prepare approval documents and facilitate the approval from local management and regional office.
  • Review marketing materials and provisions to ensure appropriate message in relation to policyholder reasonable expectation are properly in place. Ensure the products, including materials and user acceptance test performed by Actuarial Product Management team are in good quality.
  • Coordinate with local management team, regional office, distribution channels and other internal departments on various product development projects in order to align with the company’s project initiatives. Collaborate closely with cross function team and support on the business strategy through ongoing monitoring of the profitability / sustainability and performing risk / financial analysis. Provide actuarial recommendation, solutions and justification on day-to-day operational issues and enquires.
  • Supervise subordinates within the team and provide on-going coaching on actuarial / product / insurance knowledge.

Job Requirements

  • University graduate majoring in Actuarial Science or related curriculum
  • Fellow of the Societies of Actuaries or equivalent
  • At least 7 years relevant actuarial working experience with minimal of 2 years at supervisory level
  • Good business acumen with strong analytic and negotiation skills.
  • Strong communication and presentation skill and good command of spoken and written English and Chinese.
  • Strong actuarial knowledge and financial modeling skills. Knowledge of product pricing/ HK/ EEV/ Solvency II reporting is an advantage.
  • Experience in coaching actuarial staff and managing a team

For other vacancies, please visit our website at https://prudential.wd3.myworkdayjobs.com/en-US/prudential

We offer an attractive remuneration package including 5-day work week and flexible benefits. Please submit your application with present and expected salaries online.

To apply: https://prudential.wd3.myworkdayjobs.com/en-US/prudential/job/Hong-Kong/Actuarial-Manager--Actuarial-Product_19020128

Data collected will be used for recruitment purpose only and will be kept for 24 months. Only short-listed candidates will  be notified.

Company Info

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