Actuarial Pricing

Prudential plc is hiring an Actuarial Pricing in Singapore, Singapore. Level rates it ; you can apply on Prudential plc.

Level's read on this job

On Level's scale, this role is Little AI ●○○○: aI is not part of the work.
Level classes it as a senior role.
Prudential plc has 437 other open roles on Level.

AI in this role

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.

Job Description Summary
In Actuarial Pricing, the main responsibility is to price insurance products in accordance with internal financial benchmarks as well as regulatory requirements. The staff will be responsible in supporting the product delivery process, providing the actuarial requirements for product launches timely and accurately. The staff will also support all queries pertaining to product features and designs, as well as support any ad-hoc projects that may arise.

Job Description:

Understand and carry out the product pricing and delivery process.
Apply actuarial technical knowledge in making actual business decisions.
Learn principles of product pricing framework, regulatory requirements, and gain a sense of business acumen.
Support all queries pertaining to product features and designs.
Support any ad-hoc projects that may arise.

Who we are looking for:

Competencies & Personal Traits

Good technical, analytical and problem solving skills, with the ability to work independently
Self-motivated and able to work collaboratively with various stakeholders to drive outcomes.
Good communication skills
Detailed oriented
Committed to excellence and always strive to deliver results with high standards
Experience with Prophet model and ALS, data processing/conversion software e.g. SQL/DCS/Alteryx is preferred

Working Experience

At least 5 years of relevant experience in actuarial roles or positions

Professional Qualifications

Good progress in actuarial examinations from a recognized professional actuarial body.

Education

Degree in Actuarial Science or related disciplines (Mathematics, Statistics, Finance, Economics, etc.)

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.

How we rate this

Actuarial Pricing at Prudential plc rates 38 out of 100 for how much of the daily work is AI. That makes it Little AI (AI Level 1 of 4). The level is about AI in the job, not seniority.

Classification

Little AI. AI is not part of the work.

●●●● Builds AI80 to 100
●●●○ Works on AI60 to 79
●●○○ Uses AI40 to 59
●○○○ Little AI0 to 39

Levels come from how often the tools, models and workflows of the role are named in the posting itself. Read the description and count the AI tools, models and workflows it names.