Senior Actuarial Associate

Prudential Services Asia; Hong Kong; On-site; HKD 420,000 - 620,000; Full time

Job summary

Prudential Services Asia in Hong Kong seeks an actuarial professional to perform bonus calculations, support participating funds projects and help enhance processes.

You will analyze bonus declarations, run asset share updates, and respond to stakeholder queries while aligning with PRE management and policyholder expectations.

Qualifications

• University degree in actuarial studies or statistics.
• Associate level in actuarial exams progress.
• Minimum 3 years actuarial working experience.
• Candidates with less experience may be considered for Actuarial Associate.

Responsibilities

• Perform bonus calculation process and illustrate/declare bonus for policyholders.
• Support projects related to participating funds and review bonus rules.
• Provide analysis to support initiatives and PRE management.
• Assist in maintaining asset share models and document methodologies.
• Respond to stakeholder queries and provide analytical support to other actuarial functions.

Skills

Actuarial experience

Analytical skills

Data analysis

Education

University degree in Actuarial studies or Statistics

Actuarial exam progress – Associate level

Job 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.

Perform bonus calculation process, support participating funds related projects and conduct process enhancement.

• Perform bonus declaration and illustration process and Universal life crediting interest rate review for policyholders, provide relevant analysis and reports to the management team; conduct User Acceptance Test for relevant process.
• Provide analysis to support project initiatives like bonus rule enhancement, management action review and other analysis required to support business needs and Policyholder reasonable expectation (PRE) management.
• Perform asset share calculation, fund transfer and other operations relevant to participating funds.
• Assist in the maintenance of accurate asset share and bonus models; perform coding changes as necessary and update process and methodology documentation.
• Provide analysis and support to the other actuarial functions and departments in bonus related matters, including handling queries from stakeholders.

Job Requirements:

• University degree holder majoring in Actuarial studies, Statistics or related fields
• Associate level in actuarial exam progress
• Minimum 3 years of actuarial working experience
• Candidate with less experience will be considered for Actuarial Associate

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.

We are Prudential. For every life, we are partners. For every future, we are protectors. Prudential plc provides life and health insurance and asset management to 17 million customers across 20 markets in Asia and Africa. We are headquartered in Hong Kong and have dual primary listings on the Stock Exchange of Hong Kong and the London Stock Exchange. We are focused on four strategic regions: Greater China, ASEAN, India and Africa. Our customers are served by around 55,000 agents and more than 200 bank partners. Prudential plc is not affiliated in any manner with Prudential Financial, Inc., a company whose principal place of business is in the United States of America or with the Prudential Assurance Company, a subsidiary of M&G plc, a company incorporated in the United Kingdom. Find out more at www.prudentialplc.com Follow us on LinkedIn