Senior Analyst- Actuarial (Products)

Prudential plc

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.

Position Title: Senior Analyst-Products

Division: Africa Regional Hub (ARH)

Function: ARH Actuarial

Immediate Supervisor’s Position Title: Manager -Products

Location: Bengaluru, India

Role Purpose: The purpose of this role is to support the Africa actuarial products team in delivery of products for five Africa business units. Key responsibilities include development and review of pricing models, performing pricing and profit testing and supporting in the development and review of product collaterals to support internal and regulatory approvals.

Key Accountabilities

Key Accountabilities and Performance Measures Impacted:

Performance measures

Review and maintenance of actuarial pricing models
Sense-check and validate proposed actuarial pricing bases
Review and validate pricing model outputs (premium rates, surrender values, financial metrics)
Review customer facing documents and PSDs
Completion of reviews for all products assigned within agreed timelines
Development and documentation of actuarial pricing models, and proposing appropriate pricing methodologies as necessary
Producing premium rates, surrender values, paid-up values and other product related customer outputs
Producing required product financial metrics and performing sensitivity testing
Preparing materials and making presentations to different stakeholders
Preparation of pricing reports for regulatory filing
Completion of customer facing materials and PSDs
Delivery of assigned LBUs products and accompanying collateral within agreed timelines

Core requirements: Brief description of any technical skills or qualifications required

Degree in Actuarial Science or other appropriate degree.
A minimum of 5 years’ experience in actuarial function, 3 of which must be in pricing role.
Associate qualification from a recognised actuarial professional body.
Proficiency in Excel and Visual Basic Applications
Excellent stakeholder management skills
Effective communicator

Preferable skills: Brief description of any technical skills or qualifications preferred

Experience in product development
Excellent problem-solving skills with a meticulous and methodical approach
Good business acumen

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.