Assistant Manager, IFRS17 Business Planning

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.

This role will participate in the IFRS 17 Business Plan Project, including analysis, explanation and communication of the result. The role will also involve in any ad-hoc forecast, regular bases comparison (e.g. IFRS 17 vs EEV/RBC, and production of IFRS 17 sensitivity results.

Job Descriptions:

Responsible to support the IFRS 17 Business Planning, including

• Support the regular IFRS 17 business plan project, including analysis, explanation, and communication of the results.
• Assist in overall analytical review (sources of earning, analysis of movement) on key projected finance disclosures.
• Assist in managing and monitoring IFRS operating profits (one of the KPIs) by understanding projected IFRS results.

Support regular IFRS 17 result production, including

• Compare IFRS 17 result with EEV and RBC to understand the gaps between bases.
• Review the stochastic model result production, including analysis of movement.
• Ad-hoc IFRS 17 result forecast

Responsible to support IFRS 17 sensitivity result, including analysis, explanation, and communication of the results.

Assist in junior members supervision within the team and support the ongoing coaching on actuarial / product / insurance knowledge.

Job Requirements:

• University degree holder majoring in a numerical subject (e.g. Actuarial Science, Mathematics, Physics etc.).
• Passes in multiple actuarial examinations offered by the Society of Actuaries, Institute and Faculty of Actuaries, or other equivalent actuarial bodies.
• A minimum of 5 years relevant working experience is required.
• Proficiency in actuarial software is an advantage
• Knowledge of Prophet and stochastic modelling is an advantage.
• Ability to develop and update economic models in Excel or similar
• Strong analytical and numerical skills
• Excellent attention to detail
• Must be able to work independently and manage workload accordingly
• Good interpersonal, communication, planning & management skills
• Open, proactive, and willing to challenge when necessary

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.