Actuarial Pricing

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

Job summary

Prudential plc is seeking a seasoned actuary for pricing insurance products in Singapore. The role entails applying technical actuarial methods to support product launches, ensure regulatory alignment and deliver pricing deliverables on schedule.

You will work with cross-functional stakeholders, maintain high analytical standards, and handle queries on product features. A strong actuarial track and relevant tools are essential.

Qualifications

• Actuarial exams in progress with a recognized actuarial body.
• Degree in Actuarial Science or related disciplines.
• Minimum 5 years of relevant actuarial experience.

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 and regulatory requirements.
• Support queries pertaining to product features and designs.
• Assist with ad-hoc projects as needed.

Skills

Analytical skills

Problem solving

Self-motivated

Communication skills

Education

Bachelor's degree in Actuarial Science or related disciplines

Tools

Prophet model

ALS

SQL

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 recognized 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.