Senior Actuarial Professional | Kuala Lumpur, MY

Prudential plc; Kuala Lumpur; On-site; MYR 60,000 - 85,000; Full time

Job summary

A leading company seeks an Actuarial Assistant to support the Actuarial Manager. Responsibilities include financial analysis, model reviewing, and producing experience studies. The ideal candidate should hold a relevant degree and have at least 3 years of actuarial experience. Joining Prudential means contributing to diverse and impactful projects within an inclusive workplace.

Qualifications

• Degree in a relevant numerate discipline is mandatory.
• Actively pursuing professional actuarial examinations is required.
• Minimum of 3 years relevant actuarial experience is essential.

Responsibilities

• Assist in defining and implementing actuarial standards.
• Review and analyze financial metrics from Prophet model outputs.
• Produce actuarial experience studies to monitor results.
• Provide support and training to actuarial professionals.

Skills

Analytical skills

Financial analysis

Meticulousness

Self-motivation

Education

Degree in Actuarial Science, Mathematics, Statistics, Physics

Tools

Prophet

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.

Job Scope:

The incumbent is responsible for assisting the Actuarial Manager / Senior Manager in defining and implementing appropriate actuarial standards and work processes related to actuarial services. This includes product design and pricing, analysis of claims, persistency and expense experience, reinsurance arrangements, reserve calculations, and profit reporting under various regulatory bases.

Principal Duties & Responsibilities:

1. Assist the Actuarial Manager / Senior Manager in providing technical support and specifications for various business projects, including financial analysis, projections, and medical repricing projects.
2. Review and analyze Prophet model outputs, including financial metrics such as EEV, NBP, IFRS, and RBC. Perform checks and interpret results, communicating findings effectively.
3. Produce actuarial experience studies to monitor actual versus expected results, covering insurance risk, persistency, expenses, and investment returns. Interpret and communicate these results to relevant stakeholders.
4. Provide actuarial support to other departments, including guidance, training, and supervision of actuarial professionals if needed.
5. Recommend solutions to improve governance, quality, and transparency of processes and reports.

Job Specification:

Qualifications:

• Degree in Actuarial Science, Mathematics, Statistics, Physics, or related numerate discipline.
• Actively pursuing professional actuarial examinations.

Experience:

• Minimum of 3 years relevant actuarial experience.

Knowledge:

• Practical knowledge of Prophet or similar projection software; training will be provided if needed.
• Meticulous with the ability to work under pressure.
• Self-motivated with the ability to work independently.

Prudential is an equal opportunity employer. We provide equal benefits regardless of sex, race, age, ethnicity, education, social background, marital status, pregnancy, religion, disability, or employment status. We support reasonable adjustments for individuals with specific health requirements.

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