Actuarial Professional null

About Prudential 

Prudential provides life and health insurance and asset management, with a focus on Asia and Africa. Prudential helps people get the most out of life, by making healthcare affordable and accessible and by promoting financial inclusion. Prudential protect people’s wealth, help them grow their assets, and empower them to save for their goals. The business has more than 18 million life customers in Asia and Africa. Prudential has been providing trusted financial security for 95 years and is listed on stock exchanges in London, Hong Kong, Singapore, and New York.

Your role

• Participate in the product development process with other relevant Departments (Marketing, IT and Operations). Provide technical support and specifications with respect to new insurance products.
• Recommend appropriate pricing assumptions and profitability targets. Undertake pricing of products based on agreed pricing assumptions and profitability targets in Prophet and Excel. Correct and timely pricing of products.
• Accurate and timely provision of actuarial support to Product Implementation Team.
• Model and analyze Prophet model office for new products / modifications. This will include all financial output where Prophet is used (e.g. statutory valuation, Embedded value, New business profit, Solvency II, etc). Perform reasonableness checks as appropriate. Interpret and communicate results to Actuarial Manager/ Senior Manager. Accurate and timely production of financial output.
• Participate in assessing risks inherent in a new product, communicate implications effectively and identify mitigating solutions to manage risk.
• Participate in various company-wide business initiatives. This includes: system upgrade initiatives, business retention and solutioning, product and process reviews, regulatory change requirements.
• Provision of general actuarial advice and expertise to address policyholder/agent/regulatory queries where necessary. Ensure information provided is accurate, sufficiently detailed to the audience intended and addresses issues at hand.
• From time to time, project based work may be required, supervised by the Project Sponsor or other appropriate supervisor. Projects might involve the provision of actuarial services and / or other skills and experience to compile information and present potential solutions or advice to the Company in resolving business issues. Projects may also take the form of secondment to other Prudential business units, either in Malaysia or overseas, for knowledge building / knowledge transfer purposes

Training, development & rotations

This career path is for you if you want to learn, lead and develop agile skills. And because the life of an entrepreneur is demanding as well as dynamic, Prudential is ready to invest in you from day one and lead you. Benefit from modules designed to give you all the basic skills, attitude and support you need to become a successful wealth planner. Gain skills and knowledge from ongoing e-learning on product, technical and sales advisory processes. Draw inspiration from insightful talks and coaching by successful practitioners. Participate in ongoing interactive forum sessions with local and international speakers and reap its benefits..

Salary & benefits

The average actuarial professional salary at prudential Malaysia ranges between MYR 17,550- 76,800/yr. Our PRU+YOU Benefits & Wellbeing provides a wide variety of benefit and wellbeing offerings from health & wellness, mental healthcare, financial wellbeing to work-life blend to support our people to connect, grow and succeed at work and in life. This includes our region-wide Employee Assistance Program and PRU share plus plan which enables our employees to become shareholders. (Source: Glassdoor Salaries & Employee Benefits)

• Leave benefits
• Wellness Initiatives
• Group insurance benefits
• Child Care
• Rewarding your family
• Employee Assistance Program for family

Career progression

Always focused on action, a Prudential employee is the change he or she wants to see. Whatever the challenge, Prudential sees an opportunity, own the issue, learn from it, and keep going. Prudential employees are encouraged to move internationally for skills transfer and career development. By being with Prudential, you get to future-proof Prudential and be a part of this change to help people connect, grow and succeed.

Work-life balance

Today’s best workplaces celebrate diversity, creativity, collaboration and teamwork. Menara Prudential, Malaysia headquarters in the landmark Tun Razak Exchange financial district, is a vibrant office dedicated to delivering the best for customers. Prudential's new office is not only a testament to commitment to the community that Prudential serves, but to people as well. It supports an agile and dynamic work environment for  employees to inspire, innovate and thrive. Incorporating elements from Malaysian culture, natural scenery and urban landscapes, Menara Prudential features over 10 types of workplace settings suited for activity-based working. 

Culture & Vibe

Prudential will deliver  purpose by creating a culture in which diversity is celebrated and inclusion assured, for colleagues, customers and partners. Prudential is built on a culture of collaboration and agility supported by a purposeful workspace designed to allow this culture to flourish. Prudential is Diverse & Inclusive, empowered by People from different backgrounds and industries that help cultivate a rich culture of endless collaboration..

About You

• Degree in Actuarial Science/ Mathematics/ Statistics/ Physics or other physical sciences or numerate discipline.
• Good progress in actuarial professional examinations.
• Fresh graduate to 3 years relevant working experience
• A numerate and analytical mind.
• Proficiency with programming tools (e.g. Visual Basic).
• Practical knowledge in Prophet (preferred) or other projection software would be preferred.
• Must be meticulous with the ability to work under pressure.
• Must be self-motivated with the ability to work under minimum supervision

How to apply

To apply for the job just click the Apply on employer site button below and submit your resume and credentials. You’ll be asked for your personal information. Prudential recommends you apply as soon as possible.