Head, Actuarial

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. • Carrying out the role of Head of Actuarial Function in line with the requirements of the NIC’s Governance and Risk Management Framework. • Lead product development, pricing of products and competitor pricing analysis and presentation of analysis and recommendations to both local and regional stakeholders. • Work with the Finance Team to support IFRS 17 compliance through assumption setting, model development and reporting. • Lead actuarial services related to reserving, financial reporting, reinsurance and new business / embedded value reporting • Participate in strategy development as assigned and implement the actuarial components of the strategy to facilitate the wider business strategy such as providing actuarial inflows and outflows for the annual 3-year plan. • Responsible for providing actuarial input and recommendations to management for business decision making and advising management of the actuarial and business implications of strategies; the risks involved and potential risk management/mitigation options available. • Review analysis of experience trends and expenses, initiating action where necessary; recommend further analyses and investigations. Lead the assumption setting process including proposing any assumption changes and its impacts on various metrics. • Development and roll-out of Prophet actuarial system. • Assist in solvency assessment (current and future) and asset liability matching. • Annual assessment of performance of reinsurance treaties and recommendations for any potential changes. • Lead, develop and manage a team of actuarial analysts to deliver team and company objectives. • Enforce close liaison with local, regional and Group stakeholders. 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.