Assistant Actuarial Manager, Reinsurance Services

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 Descriptions:

• Support in-force reinsurance arrangements management by assessing effectiveness of the treaties and recommending appropriate actions such as recapture.
• Support obtaining Reinsurance Committee's and Group's approval on any proposed changes to reinsurance arrangements. Perform impact analysis across various reporting basis to support the proposal to the management.
• Review treaty terms for both existing and new treaties and negotiate with reinsurers for better terms
• Monitor counterparty risk exposure and collaborate with Group Office on the regular threshold reviews. Ensure compliance within the approved limits.
• Handle reinsurance-related submissions (e.g., Risk Transfer Template, Pillar 3, SOX audit).
• Prepare meeting materials and support Reinsurance Committee meetings.
• Liaise with the modelling team to ensure accurate reflection of reinsurance arrangements in Prophet, especially for new changes.

Job Requirements:

• University degree holder majoring in Actuarial studies, Statistics or related fields
• Associate level in actuarial exam progress
• Minimum 4 years of actuarial working experience, candidates with fewer experience will be considered as senior actuarial associate
• Knowledge in Prophet is preferred
• Good command of both spoken and written English
• Detailed minded with strong analytical skills

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.