Group and Health Pricing

Prudential Assurance Company Singapore; Singapore; On-site; SGD 70,000 - 90,000; Full time

Job summary

Prudential Assurance Company Singapore is seeking an experienced actuary to ensure proper documentation processes and support various actuarial projects within Group & Health. The ideal candidate should have at least 5 years of relevant actuarial experience and be a qualified actuary from a recognized professional body.

Responsibilities include product pricing, compliance with regulatory requirements, and working with the Modelling team on actuarial model development. Strong knowledge of Prophet systems and data processing skills are preferred.

Qualifications

• At least 5 years of relevant experience in actuarial roles.
• Good working knowledge of Prophet systems and hands-on experience with actuarial valuation data.
• Must be a qualified actuary from a recognized professional actuarial body.

Responsibilities

• Ensure proper documentation process for Group & Health.
• Support business as usual and ad-hoc work by the team.
• Perform product pricing and feasibility studies.

Skills

Technical skills

Analytical skills

Problem-solving skills

Communication skills

Education

Degree in Actuarial

Tools

Prophet systems

SQL

Data processing software

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 Profile Summary

• Ensure proper documentation process for Group & Health
• Ensure compliance to department and regulatory requirements
• Support business as usual and ad‑hoc work undertaken by the team which includes:
• Annual and monthly experience analysis
• Work with group business and reinsurers on group quotations
• Perform product pricing and feasibility studies, conduct market research for product initiatives and required profit testing
• Prepare responses to queries from regulators
• Build statistical studies for product initiatives
• Develop studies to investigate the adequacy of pricing assumptions
• Assist in any ad‑hoc actuarial investigations and corporate initiatives from time to time
• Work closely with Modelling team to lead the development and maintenance of Prushield prophet model
• Continues to build knowledge of the organization, processes and customers

Who We Are Looking For

Competencies & Personal Traits

• Good technical, analytical and problem solving skills, with the ability to work independently
• Good working knowledge of Prophet systems, hands‑on experience on actuarial valuation data processing and management
• Self‑motivated and outcome oriented
• Good communication skills
• Experience with Prophet model and ALS, data processing/conversion software e.g. SQL/DCS is preferred

Working Experience

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

Professional Qualifications

• Qualified actuary from a recognized professional actuarial body

Education

• Degree in Actuarial

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.