Actuarial Modelling Specialist (1-Year Contract)

Prudential Assurance Company Singapore; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

Prudential Assurance Company Singapore is seeking a talented professional to focus on the development and governance of actuarial modelling in the company. This role includes maintaining Prophet models, supporting actuarial initiatives, and ensuring compliance with governance policies.

The ideal candidate will have 3-7 years of actuarial experience or in a similar analytical role, and a degree in Actuarial, Mathematics, Statistics, or Finance. Strong communication and analytical skills are essential.

Qualifications

• 3 - 7 years of actuarial experience or any other analytical role.
• Good working knowledge of Prophet systems.
• Actuarial qualification is preferred but not necessary.

Responsibilities

• Maintenance and development of Prophet Deterministic and Stochastic models.
• Collaborate with Pricing, Reporting teams to meet modelling requirements.
• Support Group-wide actuarial modelling initiatives.

Skills

Driving insurance analytics

Communication

Detail oriented

Education

Degree in Actuarial, Mathematics, Statistics or Finance

Tools

Prophet

SQL

DCS

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.

This role will be highly focused on the development and governance of actuarial modelling for the actuarial teams in the Company.

Job Responsibilities

• Maintenance and development of the Prophet Deterministic and Stochastic models, as well as DCS and SQL.
• Collaborate with Pricing, Reporting teams and Regional counterparts to meet the department's modelling requirements.
• Be the subject matter expert across various actuarial disciplines and provide technical guidance, advice and support in modelling projects.
• Ensuring compliance with Internal and Group governance policies.
• Support Group-wide actuarial modelling initiatives
• Supporting the Appointed Actuary in the approval process for pricing, valuation modelling & methodology for new products.

Competencies & Personal Traits

• Passionate about driving excellence in insurance analytics.
• Good communicator. Possess the ability to explain complex actuarial matters to layman in non-technical and succinct languages.
• Detail oriented.
• Committed to excellence and always strive to deliver results with high standards
• Good working knowledge of Prophet systems, hands-on experience on actuarial valuation data processing and management
• Experience with ALS model is preferred
• Experience with any actuarial modelling platform (such as Prophet, RAFM and PathWise)

Working Experience

• 3 - 7 years of actuarial experience or any other analytical role

Professional Qualifications

• Actuarial qualification is preferred but not necessary

Education

• Degree in Actuarial, Mathematics, Statistics or Finance

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.