Senior Analyst- Actuarial (Products)

Prudential Services Asia; Bengaluru; On-site; INR 1,200,000 - 2,100,000; Full time

Job summary

Prudential in Bengaluru, India, seeks a Senior Analyst-Products to support the Africa actuarial products team. You will review pricing models, perform pricing and profit testing, and help develop product collateral for internal and regulatory approvals.

The role requires strong Excel/VBA skills, pricing experience, and effective communication with stakeholders. The position focuses on delivering pricing outputs for LBUs within the ARH, developing and documenting methodologies, and ensuring

Qualifications

• Degree in Actuarial Science or related field.
• 5+ years actuarial experience, with at least 3 in pricing.
• Associate qualification from a recognised actuarial body.
• Proficiency in Excel and Visual Basic for Applications (VBA).

Responsibilities

• Review and maintain actuarial pricing models.
• Sense-check pricing bases and validate model outputs.
• Prepare pricing reports for regulatory filings and LBUs.
• Develop and document pricing methodologies as needed.
• Produce premium rates, surrender values, and other product outputs.
• Prepare materials and presentations for stakeholders.

Skills

Actuarial pricing

Excel & VBA

Stakeholder mgmt

Communication

Problem-solving

Education

Actuarial degree

Associate actuarial qualification

Tools

Excel VBA

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**: Senior Analyst-Products**Division:** Africa Regional Hub (ARH)**Function:** ARH Actuarial**Immediate Supervisor’s Position Title:** Manager -Products**Location:** Bengaluru, India**Role Purpose:** The purpose of this role is to support the Africa actuarial products team in delivery of products for five Africa business units. Key responsibilities include development and review of pricing models, performing pricing and profit testing and supporting in the development and review of product collaterals to support internal and regulatory approvals.**Key Accountabilities and Performance Measures Impacted:****Key Accountabilities****Performance measures*** Review and maintenance of actuarial pricing models* Sense-check and validate proposed actuarial pricing bases* Review and validate pricing model outputs (premium rates, surrender values, financial metrics)* Review customer facing documents and PSDs* Completion of reviews for all products assigned within agreed timelines* Development and documentation of actuarial pricing models, and proposing appropriate pricing methodologies as necessary* Producing premium rates, surrender values, paid-up values and other product related customer outputs* Producing required product financial metrics and performing sensitivity testing* Preparing materials and making presentations to different stakeholders* Preparation of pricing reports for regulatory filing* Completion of customer facing materials and PSDs* Delivery of assigned LBUs products and accompanying collateral within agreed timelines**Core requirements:** *Brief description of any technical skills or qualifications required** Degree in Actuarial Science or other appropriate degree.* A minimum of 5 years’ experience in actuarial function, 3 of which must be in pricing role.* Associate qualification from a recognised actuarial professional body.* Proficiency in Excel and Visual Basic Applications* Excellent stakeholder management skills* Effective communicator**Preferable skills:** *Brief description of any technical skills or qualifications preferred** Experience in product development* Excellent problem-solving skills with a meticulous and methodical approach* Good business acumen **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.