Senior Analyst- Actuarial (Products)

Prudential Services Asia; India; On-site; INR 1,500,000 - 2,300,000; Full time

Job summary

Prudential’s Africa Regional Hub in Bengaluru, India seeks a Senior Analyst - Products to support actuarial pricing for five Africa business units, including pricing model development and profit testing.

The role requires a degree in actuarial science, 5+ years in actuarial work (3+ in pricing), an actuarial associate qualification, and strong Excel/VBA skills to prepare pricing outputs and stakeholder communications.

Qualifications

• 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.

Responsibilities

• Development and review of pricing models.
• Pricing and profit testing.
• Developing and reviewing product collateral for internal and regulatory approvals.
• Review pricing bases and outputs (premium rates, surrender values, etc.).
• Prepare pricing reports for regulatory filing and stakeholder presentations.
• Delivery of pricing outputs and accompanying collateral for LBUs within timelines.

Skills

Pricing

Stakeholder mgmt

Effective communication

Pricing models

Education

Actuarial degree

Actuarial associate 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

• development and review of pricing models
• performing pricing and profit testing
• supporting in the development and review of product collaterals to support internal and regulatory approvals

Key Accountabilities and 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.

Preferred 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

Equal Opportunity and Diversity 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.

Company Overview

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

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