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.
This role is responsible for assessing, advising and planning for future risks, seen and unforeseen, using knowledge of commercial, market and economic principles.Job Profile Summary:
This role is responsible for assessing, advising and planning for future risks, seen and unforeseen, using knowledge of commercial, market and economic principles.
Job Description:
- Responsible for management and implementation of reinsurance initiatives. Providing support to other special projects where the partnership with reinsurers are involved.
- Providing secretariat support to the Reinsurance Sub-Committee, including the production of the key Reinsurance management information.
- Responsible for the timely signing and execution of reinsurance treaties backing all reinsurance arrangements.
- Responsible for reinsurance administrative process, not limited to design and automate reinsurance process
- Liaises and negotiates with reinsurers to maximize PACS stakeholders benefits
- Responsible for financial reinsurance projects and reinsurance for new product pricing
- Design and enforcement on controls / SOP around reinsurance system setup and changes/enhancements
- Ensure proper documentation and implement best practices for the entire reinsurance work
- Responsible for reinsurance reporting to MAS, senior management and regional office
- Develop department plans, controls, resources and formulate policies in area of responsibility
- Look beyond existing solutions and own area to define/resolve complex issues in new situation
Who we are looking for:
Competencies & Personal Traits
- Good technical, analytical and problem solving skills, with the ability to work independently
- Substantial managerial experience
- Good communication skills
- Details oriented
- Self-motivated and outcome oriented
- Committed to excellence and always strive to deliver results with high standards
- Strong leadership traits to provide guidance and motivation to staff
Working Experience
- At least 7 years of actuarial experience
Professional Qualifications
- Qualified/Nearly qualified actuary from a recognized professional actuarial body
Education
- Degree in Actuarial
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
- At least 7 years of actuarial experience
- Qualified/Nearly qualified actuary from a recognized professional actuarial body
- Degree in Actuarial
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
