Manager- Actuary (Products)

Prudential Services Asia; India; On-site; INR 3,500,000 - 5,500,000; Full time

Job summary

Prudential invites applications for a Manager role in Bengaluru, India, to lead Africa regional product development. The job requires strong actuarial expertise, pricing, and proven leadership to drive the product roadmap and deliver targeted value.

You will collaborate with the Africa Actuarial VCC Team Lead, oversee pricing models, and manage junior staff while ensuring timely delivery and regulatory readiness. Strong communication and stakeholder engagement are essential.

Qualifications

• University graduate in Actuarial Science.
• Qualified or nearly qualified actuary.
• At least 8 years of experience in a life actuarial function or consultancy, 5 of which must be in a product development role.
• Experience in actuarial principles and methodologies, with demonstrable experience in pricing and profit testing.
• Experience in directly managing small teams.

Responsibilities

• Lead, contribute to and oversee execution of product development roadmap.
• Contribute to the build, challenge and enhancement of product proposals to deliver value to Prudential Africa’s customers and to achieve Prudential Africa’s VNB targets.
• Work closely with and manage key stakeholders effectively for the achievement of the product roadmap.
• Development of robust product propositions resulting in development of competitive and profitable products.
• Execution of agreed product roadmap within the agreed timelines.
• Manage the development, documentation, review and maintenance of actuarial pricing models.
• Review and sign off on pricing model output (premium rates, surrender values, financial metrics).
• Oversee completion of and review product collaterals and PSDs.

Skills

Leadership

Actuarial analysis

Pricing

Stakeholder management

Communication

Independent work

Education

Actuarial Science degree

Qualified or near-qualified actuary

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.

Position Title: Manager

Division: Africa Regional Hub (ARH)

Function: ARH Actuarial Immediate Supervisor’s Position Title: Africa Actuarial VCC Team Lead

Location: Bengaluru, India

Role Purpose:

This role will take ownership and lead the execution of Pru Africa’s product roadmap. The role will work closely with the Regional Senior Manager-Products to ensure products are delivered according to agreed plans to support achievement of Africa’s financial targets.

Key Accountabilities and Performance Measures

• Lead, contribute to and oversee execution of product development roadmap
• Contribute to the build, challenge and enhancement of product proposals to deliver value to Prudential Africa’s customers and to achieve Prudential Africa’s VNB targets
• Work closely with and manage key stakeholders effectively for the achievement of the product roadmap
• Development of robust product propositions resulting in development of competitive and profitable products
• Execution of agreed product roadmap within the agreed timelines
• Manage the development, documentation, review and maintenance of actuarial pricing models
• Review and sign off on pricing model output (premium rates, surrender values, financial metrics)
• Oversee completion of and review product collaterals and PSDs
• Ensure timely completion of all agreed product pricing initiatives including requisite materials for internal and regulatory approvals
• Managing the junior product resource
• Participate in the upskilling of Pru Africa’s local product resources undefined
• Evidence of coaching and mentoring of junior and LBU team members

Core requirements:

• University graduate in Actuarial Science
• Qualified or nearly qualified actuary
• At least 8 years of experience in a life actuarial function or consultancy, 5 of which must be in a product development role.
• Experience in actuarial principles and methodologies, with demonstrable experience in pricing and profit testing.
• Experience in directly managing small teams
• Strong analytical and problem-solving skills with a meticulous and methodical approach
• Ability to communicate clearly and concisely using an approach appropriate to the receiving stakeholders
• Ability to work independently, manage multiple priorities and peak workload periods effectively
• Good business acumen

Preferable skills:

Brief description of any technical skills or qualifications preferred Experience with different types of life and health insurance products

Equal opportunity statement

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.

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