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.
As the member of the International Financial Reporting Standard (IFRS) 17 reporting team, you will participate in the IFR17 reporting for Prudential Singapore.Job Profile Summary:
As the member of the International Financial Reporting Standard (IFRS) 17 reporting team, you will participate in the IFR17 reporting for Prudential Singapore.
Job Description:
We are looking for actuarial candidates who are passionate about financial reporting, in particular IFRS17 reporting.
- Provide feedback to the review of the regional and local technical interpretation of the standards
- Review the business requirements according to the technical decisions for requirement of the standards
- Provide actuarial support and feedback to solution design team and IT to improve the end-to-end ETL tools for better efficiency and analysis
- Support the implementation of the changes to the end-to-end ETL tools, including development of data, model and IFRS17 reports
- Participate in UAT for ETL tools, source system changes and sub-ledger system, including business validation of the IFRS17 reports
- Ensure the end-to-end reporting process and control for Actuarial, including data preparation (set up of Prophet model, model points and assumptions) in an auditable manner for IFR17 reporting
- Participate in the Business Planning process for IFRS17 financials
- Collaborate with other local and regional teams in IFRS17 reporting
- Analyse and explain IFRS17 results and support business initiative for result improvement
- Perform reconciliation between IFRS17 basis and other reporting basis
- Support the audit on IFRS17 reporting
- Provide actuarial support to the Finance division initiative on reporting process re-engineering
Who we are looking for:
Competencies & Personal Traits
- Passionate about financial reporting
- 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 (such as SQL) is a plus
Working Experience
- 2 - 5 years (AM level) of actuarial experience or any other analytical role. IFRS17 working experience is an advantage
- Fresh graduate is welcome to apply
Professional Qualifications
- Qualified actuary from a recognized professional actuarial body
Education
- Degree in Actuarial, Mathematics, Statistics or Finance
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.
Skills Required
- Qualified actuary from a recognized professional actuarial body
- 2-5 years of actuarial experience or any analytical role
- Degree in Actuarial, Mathematics, Statistics or Finance
- Good working knowledge of Prophet systems and valuation data management program such as SQL
What We Do
In Asia and Africa, Prudential has been providing familiar, trusted financial security to people for 100 years. Today, headquartered in Hong Kong and London, we are ranked top three in 12 Asian markets with 18 million customers, around 68,000 average monthly active agents and access to over 27,000 bank branches in the region. Prudential is focused on opportunities in the most exciting growth markets in Asia and Africa. With access to over 4 billion people in both these regions, we are investing in broadening our presence and building our leadership in the life and asset management markets. We are committed to making a positive impact on our customers, our employees and our communities by delivering the best savings, health and protection solutions to people so they can get the most out of life. Visit our websites for more information Prudential plc: https://www.prudentialplc.com/ Prudence Foundation: https://www.prudentialplc.com/en/prudence-foundation
.png){kind=logo}
