Actuarial Analyst

Roles and Responsibilities:

To work under the direction of a Qualified Actuary or other more senior team members to support the UK Operation, as an Actuarial Analyst you will be required to undertake numerical analysis and manipulation using a range of systems and actuarial tools.

Primary Responsibilities:

- Ability to understand Actuarial calculations based documents and respond to straightforward technical queries.

- Detailed Analysis of the Calculations Specification, Illustration Specs, Product Specification and Business Requirement Specification (BRS) for new products and major changes to existing products.

- Develop new (or update) spreadsheets to implement calculation method developed by the Actuarial Product Development, which will act as a tool to generate the expected results for functional testing. Spreadsheets may include VBA coding

- Ability to carry out allocated work on Deterministic / Stochastic models

- Strong team player, with ability to work in a team or on a project single handed

- Carry out work to an agreed plan, producing deliverables in an agreed timescale

- Good level of interpersonal and networking skills, to develop effective working relationships with team colleagues and internal/external business contacts.

- Ability to identify and understand business issues, and understand the impact on the business of proposed solutions

Secondary Responsibilities:

- Maintain an ‘audit trail’ and version control to demonstrate the adequacy of the spreadsheet controls for future enhancements to the product.

- Draft and maintain up-to-date, appropriate documentation and checklists for any processes that are implemented.

- Ability to audit, identify and discuss defects, record them and subsequent fixes

- Monitor business and external developments related to own area of responsibility and propose subsequent changes to established procedures.

- Liaise with development, business and systems support teams

- Work in a structured and logical way with a high degree of accuracy.

Seek and act on opportunities to develop technical and business understanding.

Competence / Knowledge / Skills required:

Essential

- A numerical based degree or Post Graduate qualification

- Should have cleared 0-5 Actuarial papers, and must meet minimum requirements of Study Support Policy in order to get Study Support (for Actuarial Trainees only)

- Some technical understanding of various tools and techniques used eg: Excel, Visual Basic, Moses/Prophet coding and or other relevant Actuarial applications

- Track record of being a fast learner as evidenced by job performance (and exam progress for Trainees), with some knowledge of significant regulatory processes within Prudential operations

- Awareness of the Financial Services Industry and regulatory environment, and a reasonable knowledge of Prudential’s products, with hands on experience of working on at least 1 insurance product

- Good knowledge of the Insurance business with ability to understand Actuarial terms and calculations. Should not have dependencies on the type of project or location in the business.

- Some understanding and knowledge of actuarial procedures

- Ability to interpret simple actuarial formulae

- A tenacious attitude with a thorough and methodical approach to work

- Good team player – the execution stage is crucial to the success of the project and it is essential to be able to contribute fully to the team effort

- Strong communication skills – written and verbal

- Good level of interpersonal and networking skills

- Ability to confidently express own view point and to clearly and simply communicate actuarial issues within their team

Preferable / Desirable

- Up to 2 years of relevant actuarial work experience

- Some experience and knowledge of Actuarial modelling tools like PROPHET / MoSes / Excel VBA

- Potential to develop good leadership skills

- Resourceful in finding solutions and identifying sources of help and information

- Good planning and problem solving skills

- Flexible approach to responsibilities, working hours, and some travel to UK will be required

- Should have the ability to think out-of-the-box and be able to arrive at robust solutions.

About PPMS: PPMS is a wholly owned subsidiary of Prudential Plc.UK based out of Powai Mumbai, through businesses in Europe, Asia, and the United States, provides retail financial products, services and fund management options to customers. Established in 1848, today Prudential is a leading international financial services company with some 21 million customers, policyholders and unit holders and more than 27,000 employees worldwide. In UK, Prudential is a leading life and pensions provider having over seven million customers.

Note: Please note that the above role is based out of Mumbai.

Interested candidates can mail their resumes to ikmeet.arora@prudential.co.uk

Ikmeet Arora
HR ANALYST
HR- RESOURCING
www.pru.co.uk