- Location
- PVA | Ho Chi Minh - Phu My Hung Tower, Vietnam
- Type
- Full-time
- Department
- Insurance
- Seniority
- Senior
- Experience
- 6+ years
- Closing date
- Today
- Source
- Workday
Description
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 PurposeSupports Head of Pricing & Product Actuarial to ensure that pricing activities are in line with sound actuarial principles and standards, statutory requirements and meet department’s goals and objectives.
Accountability
Accuracy, timeliness, and completeness of all documents/results
Active analysis of results, with reporting of known errors, omissions, or anomalies
Maintenance of adequate documentation and procedure notes and integrity of UDA (pricing models in excel and Prophet, Pruquote, SV calculation and other product implementation working files)
Manage a sub-team of 2-3 staffs
Key responsibilities
Support Head to manage all technical aspects of product design including profit testing and financial analysis.
Ensure relevant product documents submitted to regional office and local regulators for approval are in line with RO’s standard and requirements and in compliance with local regulator.
Support Head in reinsurance arrangements and treaty sign-off for the assigned new products.
Manage sub-team to participate in and support Product Implementation Team to ensure Day 1 are timely implemented.
Manage sub-team to provide timely support to OP per case-by-case request for manual calculation in case functions in Life Asia system are unavailable or detected to be wrong.
Provide actuarial advice and assessment on proposed compensation schemes to new or existing bank partners.
Manage a wide variety of ad-hoc actuarial investigations, as required from time-to-time, ensuring all results are thoroughly checked for accuracy and consistency.
Manager daily activities of junior staffs, providing instructions and guidance on work related matters.
Provide coaching to junior staff on actuarial concept & techniques so that knowledge of actuarial practice is acquired quickly and effectively.
Actively study towards actuarial qualification
Others: to be assigned by the Line manager or Company’s management (if any).
Requirements
Qualification:
Mandatory:
A good university degree in a subject with significant exposure to actuarial, finance, mathematics and/or statistics
At least 06 actuarial exams
Advantage: ASA designation or equivalent.
Experiences:
Mandatory:
At least 06 years of relevant actuarial experience in a life insurance company, with experience in multiple aspects of actuarial works, with particular emphasis on product actuarial and development.
Experience in leading, training, managing and coaching junior actuarial staff for at least 03 year.
Experience in Actuarial CF model (Prophet is preferable)
Advantage: Holding similar role in a life insurance company.
Knowledge and skill set:
Mandatory:
Good actuarial and insurance knowledge learned from both examinations and job experience.
In-deep understanding of the dynamics of an insurance company and how the actuarial functions relate to this.
Strong leadership, project management, coaching and mentoring skills.
Excellent communication skills
Excellent Time management skill
Excellent command of written and spoken English
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.
