Job Description

At Prudential, we understand that success comes from the talent and commitment of our people. Together, we have a shared vision in securing the future of our customers and our communities. We strive to build a business that you can shape, an inclusive workplace where everyone’s ideas are valued and a culture where we can thrive together. Our people stay connected and tuned in to what’s happening around us, keeping us ahead of the curve. While focused on the long-term, we look to the future to bring growth, development and benefit to everyone whose lives we touch.

Roles and Responsibilities:

1) Responsible for the modelling of new products into Prophet, annual model enhancement and model maintenance work with proper documentation in place.

• Ensure that new products that are modelled into prophet, along with the basis, are in accordance to submitted actuarial certificate
• Perform validation against pricing model and explain if the valuation model varies from pricing model.
• Responsible for building product model in MS Excel for validation of model in Prophet
• Provide support to pricing team (if any) for good practice whilst modelling a new product.

2) Ensure compliance to regional's Annual Model Change Policy (AMCP)

• Compile evidence of compliance to regional’s policy on prophet model during the year
• Liaise with regional PIC and coordinate timeline for AMCP compliance
• Liaise with internal and external auditors with regards to model.

3) Process monthly valuation data using Prophet DCS and/or SQL/FoxPro to generate monthly model point files and ad-hoc requests as needed.

• To prepare checks and reconciliation from raw data to model point files
• Prepare valuation data UAT in the event of new product launching, system enhancement and due to statutory requirement
• PPerform periodic coding updates to Prophet DCS and SQL/FoxPro.

4) Working with various stakeholders:

• Various valuation teams – Model and valuation data
• Pricing team – pricing model and actuarial certificates / product specifications.
• Regional office – Documentation. logs and processes.
• Auditors – Models, valuation data, model point files, documentation. logs and processes.
• IT – system, data.

Qualification and Experience:

• Degree in Actuarial Science or other quantitative discipline
• Preferred to have passed at least 3 professional actuarial examinations
• Knowledge in Prophet, DCS, Microsoft Office (especially Excel and Word) and FoxPro/SQL.
• Preferred to have some experience in actuarial field
• Curious, self-driven, independent, great attention to details, problem solver and work well with others
• Good spoken/written communication skill

Job Requirements