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Senior Actuarial Associate, Modelling and Innovation

Prudential plc
Mongkok, Hong Kong
Closing date
Jul 23, 2024

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Job Function
Industry Sector
Finance - General
Employment Type
Full Time
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.

Job Descriptions:

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.

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

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
  • 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

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.

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