Actuarial Pricing

Prudential Services Asia; Singapore; On-site; SGD 120,000 - 180,000; Full time

Job summary

Prudential Services Asia is seeking an experienced actuary for pricing insurance products to meet internal benchmarks and regulatory standards. The role involves supporting the product delivery process and providing actuarial input for launches and queries.

The candidate should have at least 5 years in actuarial pricing, progress in actuarial exams, and a degree in Actuarial Science or related fields, with strong technical, analytical, and communication skills, plus experience with Prophet and

Qualifications

• Minimum 5 years of actuarial experience in pricing or related roles.
• Progress in actuarial examinations from a recognised body.
• Degree in Actuarial Science or related discipline.

Responsibilities

• Understand and carry out the product pricing and delivery process.
• Apply actuarial technical knowledge in making actual business decisions.
• Learn principles of product pricing framework, regulatory requirements, and gain business acumen.
• Support queries pertaining to product features and designs and assist ad-hoc projects.

Skills

Actuarial pricing

Analytical thinking

Communication skills

Stakeholder management

Education

Degree in Actuarial Science or related disciplines

Tools

Prophet

ALS

SQL

DCS

Alteryx

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. In Actuarial Pricing, the main responsibility is to price insurance products in accordance with internal financial benchmarks as well as regulatory requirements. The staff will be responsible in supporting the product delivery process, providing the actuarial requirements for product launches timely and accurately. The staff will also support all queries pertaining to product features and designs, as well as support any ad-hoc projects that may arise.

Job Description

• Understand and carry out the product pricing and delivery process.
• Apply actuarial technical knowledge in making actual business decisions.
• Learn principles of product pricing framework, regulatory requirements, and gain a sense of business acumen.
• Support all queries pertaining to product features and designs.
• Support any ad-hoc projects that may arise.

Who we are looking for

Competencies & Personal Traits

• Good technical, analytical and problem solving skills, with the ability to work independently
• Self-motivated and able to work collaboratively with various stakeholders to drive outcomes
• Good communication skills
• Detailed oriented
• Committed to excellence and always strive to deliver results with high standards
• Experience with Prophet model and ALS, data processing/conversion software e.g. SQL/DCS/Alteryx is preferred

Working Experience

• At least 5 years of relevant experience in actuarial roles or positions

Professional Qualifications

• Good progress in actuarial examinations from a recognised professional actuarial body

Education

• Degree in Actuarial Science or related disciplines (Mathematics, Statistics, Finance, Economics, etc.)

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.

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 Follow us on LinkedIn