Actuarial - Modelling Specialist Actuarial - Modelling Specialist …

in Singapore, Singapore, Singapore
Permanent, Full time
Last application, 12 Jul 20
in Singapore, Singapore, Singapore
Permanent, Full time
Last application, 12 Jul 20
Actuarial - Modelling Specialist
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.

As the member of the International Financial Reporting Standard (IFRS) 17 Program Office, you will participate in the local implementation of the standards for Prudential Singapore. The role is also responsible for the maintenance, development and governance of all the actuarial models for both BAU reporting and Pricing.

Job Description:
We are looking for candidates with strong actuarial modelling background to participate in the actuarial model development / enhancement for the implementation of IFRS17.

  • Develop / enhance the actuarial models (Prophet, DCS and SQL program) to incorporate the IFRS17 requirements
  • Support the merging of IFRS17 related development / enhancement into historic models for transition
  • Provide guidance and support to other teams for development of the Prophet-based impact assessment and transition tool
  • Responsible for model development for the new MI and financial analysis
  • Merge all IFRS17 related changes to the master valuation model
  • Perform model optimization
  • Work with the Solution workstream to implement any new model control under IFRS17 reporting
  • Support BAU work in the Modelling team and any other modelling projects

Who we are looking for:

Competencies & Personal Traits

  • Passionate about actuarial modelling
  • Motivated and pro-active
  • Detailed oriented and work independently
  • Strong technical and analytical skills
  • Committed to excellence and always strive to deliver results with high standards
  • Good understanding of insurance products
  • Good working knowledge of Prophet systems and valuation data management program
  • Experience with ALS model is a plus

Working Experience
  • 2 - 6 years (SE / AM level) of actuarial experience or any other analytical role
  • Fresh graduate is welcome to apply
  • Candidate with IT background and willing to learn actuarial concept is also welcome to apply

Professional Qualifications
  • Actuarial qualification is preferred but not necessary

  • Degree in Actuarial, Mathematics, statistics or Finance

  • English