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.

Responsibilities:

• Data Analytics: Utilize advanced analytical techniques to analyze large datasets and extract meaningful insights related to health portfolio e.g. cost drivers, rating factors and customers’ behaviour relating to health plans.
• Actuarial Analysis: Conduct actuarial analysis and modeling to assess risk, estimate reserves, and determine pricing strategies for health takaful products and services.
• Financial Forecasting: Develop financial forecasts and projections based on actuarial models and data analytics, considering factors such as claims experience, enrollment trends, and regulatory changes.
• Risk Assessment: Assess and manage risks associated with health insurance products or healthcare services, including underwriting risk, medical cost risk, and compliance risk.
• Stakeholder Collaboration: Collaborate with cross-functional teams, including underwriting, finance, product development, and regulatory compliance, to support business objectives and deliver valuable insights.
• Regulatory Compliance: Stay up-to-date with industry regulations and ensure compliance with actuarial principles, guidelines, and reporting requirements.
• Strategic Planning: Contribute to the development and implementation of strategic initiatives and business plans, leveraging actuarial and analytical insights to drive growth and profitability.

Qualifications:

• Bachelor's degree in Actuarial Science (or similar e.g. in Data Analytics).
• Extensive experience in risk based pricing or predictive/ propensity modelling.
• Strong knowledge of actuarial principles, methodologies, and regulatory requirements.
• Proficiency in data analysis, statistical modeling, and Generalised Linear Models.
• Excellent leadership and team management skills, with the ability to inspire and motivate a team of professionals.
• Strong communication and presentation skills, with the ability to effectively convey complex actuarial and analytical concepts to both technical and non-technical stakeholders.
• Results-oriented mindset with a track record of delivering high-quality work within established deadlines.
• Detail-oriented with exceptional problem-solving and critical-thinking abilities.

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.

Job Requirements