Actuarial EV Inforce Reporting

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 Scope:

Responsible for monthly reporting, business planning and financial forecasting for EV IF metrics. Leading a team of 3, he/she would be responsible to manage the EV IF results production, communicate the business decision & financial impact to local & group management including auditor, and streamline the respective reporting process for efficiency purpose.

Responsibilities:

1. BAU Monthly Reporting & Planning

• Lead the team to generate monthly IF reporting and project IF key metrics (i.e. OEV/Operating Experience Variances, OFSG/Operating Free Surplus Generation & EV Profit) for business planning & financial forecasting.
• Ensure robustness of processes, accuracy of results and timely delivery.
• Engage with other stakeholders (e.g. Finance/Accounting, Budget, Other Actuarial Teams: Experience Study, Local, Channel Profitability) to understand the key drivers behind EV Analysis of Movement.
• Communicate the IF key results to local & group management, and internal/external auditors, with clear explanation & supporting justifications.
• Perform EV IF performance tracking & provide insights to local management.

2. Process & Methodology Improvement

• Manage EV IF reporting process automation.
• Manage EV IF methodology refinement & key metrics optimization, including alignment with local & group management.

Requirements:

• 5-10+ years experience in actuarial functions with significant experience in EV reporting (new business or in-force).
• Fellow of the local actuarial society (FSAI), or Associate/Fellow of the international actuarial society (FSA, FIA, FIAA).
• Strong technical actuarial skills.
• Leadership and people management capability, including effective coaching and development for team members.
• Ability to drive change and improve processes and resource planning.
• Experience of operating in Life Insurance business.
• Strong analytical skills to understand financial statements and reports.
• Strong organizational skills.
• Effective communicator (oral and written) and fluent in English.
• Sufficient knowledge of insurance product & cashflows and actuarial modeling (including SQL, DCS, & Prophet).

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.