PBTB | Executive, VPMS Modelling, Actuarial Services (Contract)

Prudential plc; Kuala Lumpur; On-site; MYR 80,000 - 120,000; Full time

Job summary

Prudential plc is seeking an Executive for VPMS to support the implementation of new products and enhancements across the IL VPMS module. The role involves analyzing gaps, coding VPMS models, and ensuring integrity through thorough testing.

You will assist users during UAT, provide ongoing VPMS production support, and collaborate with actuarial pricing to reflect model requirements. Strong numeracy and programming are essential, with English and Bahasa Malaysia proficiency.

Qualifications

• Degree in Mathematics/Statistics/Actuarial Science/CS or related with strong numeracy/coding elements.
• Competent in Microsoft Office (Excel, VBA, Word, PowerPoint) and any other programming language.
• Good communication skills; English & Bahasa Malaysia.
• Strong analytical and problem-solving abilities.
• Ability to work under pressure and meet tight deadlines.
• Progress in actuarial exams (IOA/IOAA/SOA) advantageous but not required.

Responsibilities

• Assess VPMS modelling gap list and requirements, identify gaps and needed alternatives.
• Develop and code VPMS models; update tables, define variables, code calculations reflecting VPMS spreadsheet.
• Perform testing: UT, MUT, RT to ensure model accuracy and reliability.
• Support users during UAT, troubleshoot issues, and ensure models meet requirements.
• Provide ongoing production support and implement updates/enhancements to VPMS models.

Skills

Excel

VBA

Programming

Communication

Education

Degree in Mathematics/Statistics/Actuarial Science/CS

Tools

VPMS

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.

The Executive for VPMS plays a critical role in terms of supporting delivery of the Company’s growth strategies by working on system implementation for new products or any enhancement works on the VPMS side of the Integral Life (IL) system.

The role holder is responsible for:

• Assessing the VPMS Modelling gap list and requirements by identifying any gaps, areas, or formulas that need improvement, including understanding the requirements and integrations for new models or enhancements to existing ones.
• Developing and coding VPMS models to ensure new products or enhancement works can be carried out on the IL and peripheral systems. This includes updating and uploading tables, defining variables, and coding calculations that accurately reflect the VPMS spreadsheet provided by Actuarial Pricing.
• Ensuring system integrity by performing comprehensive testing between the VPMS model and VPMS spreadsheets to verify the model’s accuracy. The testing includes Unit Testing (UT), Mass Unit Testing (MUT), and Regression Testing (RT) to ensure consistency and reliability of the system.
• Supporting users during UAT by providing assistance, troubleshooting problems, making necessary corrections, and ensuring that the models meet user requirements, are accurate, and function as expected.
• Providing ongoing support for the VPMS models once they are in production, resolving any issues that occur, implementing updates or enhancements, and ensuring the models continue to operate smoothly and effectively.

Job Requirements:

• Degree in Mathematics/Statistics/Actuarial Science/Computer Science or other related course with strong numeracy and/or coding elements.
• Competent in Microsoft Office application (Excel, VBA, Word, Power Point) and any other programming language
• Good communication skill
• Good command in English & Bahasa Malaysia
• Good analytical and problem solving skills
• Able to work under pressure and deliver within tight deadlines.
• Driven by high desire to acquire knowledge and to deliver results
• Good progress in the Actuarial professional examinations (IOA/IOAA/SOA) [Advantageous but not required].

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.