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Assistant Manager, Insurance Risk & Financial Management

Prudential plcHong Kong

23 days ago

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.

Assist in managing the Insurance Risk & Financial Management sub-team under the Financial Reporting and Management team to :

1.Conduct regular experience monitoring and deep dive analyses to provide insights of emerging insurance risks to the business, and then drive the effective management of operating experiences and annual operating assumption setting.

2. Drive the transformation of data analytics process and modelling of insurance risks under economic valuation regime.

3. Participate in insurance risk advisory committees and collaborate with external professional bodies and reinsurers in gaining insights of the latest insurance experience trend.

Role Summary

Assist in managing the Insurance Risk & Financial Management sub-team under the Actuarial In-Force Management team to :

Conduct regular experience monitoring and deep dive analyses to provide insights of emerging insurance risks to the business, and then drive the effective management of operating experiences and annual operating assumption setting.
Drive the transformation of data analytics process and modelling of insurance risks under economic valuation regime.
Participate in insurance risk advisory committees and collaborate with external professional bodies and reinsurers in gaining insights of the latest insurance experience trend.

Job Responsibilities

Conduct regular experience monitoring and reporting, develop and enhance experience dashboard, perform deep dive studies to provide insights of emerging insurance risks to the business and to facilitate modelling of these risks under economic valuation regime (e.g. mortality improvements, policyholder options and behaviour).

Assist in operating assumption setting based on experience and long-term view with the consideration of various financial metrics, and handle queries from stakeholders, e.g. regional office, internal auditors and external auditors to obtain audit clearance.

Drive the data analytics process enhancement by more advanced predictive analysis tool, e.g. Alteryx, Power BI and enhance experience dashboard.

Participate in various insurance risk advisory committees and prepare insightful and meaningful analysis based on experience studies to steer the effective management of operating experience.

Collaborate with various actuarial sub-teams, e.g. Product, EEV, Distribution etc. to gather insights of the managing insurance experience.

Supervise members within the team and provide ongoing coaching on actuarial / product / insurance knowledge.

Job Requirements

University graduate majoring in Actuarial Science or equivalent subjects

Minimum 5 years of actuarial working experience.

Associate of the Society of Actuaries or equivalent.

Experience in financial reporting and experience monitoring is preferred

Solid knowledge in life insurance industry, preferably with experience on insurance risk and experience monitoring.

Strong technical, analytical and problem-solving skills.

Knowledge in Prophet, Alteryx, Power BI is a plus.

Decent business and financial acumen

Ability to be flexible, adaptable and work independently in a fast-paced environment

Excellent written and spoken English

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Assistant Manager • Hong Kong