About Prudential : Prudential plc's strong mix of businesses around the world positions us well to benefit from the growth in customer demand for asset accumulation and income in retirement. Our international reach and diversity of earnings by geographic region and product will continue to give us significant advantage.   Our commitment to the shareholders who own Prudential is to do everything we can to deliver them the best possible value over the term of their investment, consistent with prudent management of the Group. We do this by investing for the long-term to develop and bring out the best in our people and our businesses to produce superior products and services, and hence superior financial returns. Our aim is to deliver top quartile total shareholder returns among our international peer group.   At Prudential, our aim is to create and retain lasting relationships with our customers and policyholders, through offering relevant products and services that give them value for money and security. We also seek to enhance our Company's reputation, built over more than 150 years, for integrity and for acting responsibly within society.   About PPMS : PPMS is Prudential UK's shared services operation based in Mumbai, India. Incorporated on 4th October 2002, PPMS provides a range of services including Customer Operations, IT Services, Finance, Risk, Audit, Knowledge Services and Sourcing.  PPMS Actuarial team supports the UK, Europe, Africa and Asia business on different areas of work including:  - Reporting on EEV, IFRS, Solvency II and Realistic Balance sheets metrics of products like Non Profits Annuities, Unit Linked Business, Bonds and With Profits products.  - With-Profits Stochastic Modelling   - Actuarial Customer Service Calculations  - Risk Scenario Generation  - Data and Experience Analysis and Model Point generation  - Project Work - Prudential Africa, Prudential Ireland, Prudential Poland, Sarbanes Oxley Audit (UK & Asia)  Scope of the Role Prudential Group : UK/Europe/Asia/Group Head Office   Key departments / Areas of responsibility : Actuarial  Job Purpose :   To work under the direction of a Qualified Actuary or other more senior team members.  As an Assistant Manager the person will be required to work in a number of teams across the department. The technical requirements of each role will vary depending on the team the person is in, and will be reflected in her/his annual objectives. The person will also be expected to provide technical assistance to more junior members in the team.  The job would involve carrying out the tasks for the process to meet deliverables with an acceptable standard of quality and within agreed timelines.  Roles and responsibilities :   Key responsibilities :  - Provide support and guidance to more junior members of the team. May have some responsibility for the supervision of other junior team members or delivery of specific pieces of work.  - Seek and act on opportunities to develop wider and deeper technical and business understanding.  - Monitor business and external developments related to own area of responsibility and propose consequent changes to established procedures.  - Undertake numerical analysis and manipulation using a range of systems and actuarial tools.  - Prepare and document simple computer programmes and models to clearly defined requirements.  - Support a range of management reports like committee papers, board reports, process efficiency reports, and regulatory returns.  - Respond to straightforward technical queries.  - Draft and maintain up-to-date, appropriate documentation and checklists for any processes that are implemented.  - Compliance - Ensure understanding and adherence to Prudential's Code of Conduct and, where appropriate, comply with all relevant regulatory policies. This includes completion of any mandatory training requirements.  - Performance Management (for people managers)- follow and contribute to the recognised Performance Management process.  - Financial Controls - Ensure all expenditure commitments (orders, contracts, budgets etc) and all payments are properly authorised, controlled and monitored, in accordance with Prudential UK delegated authority requirements. The responsibilities of expenditure authorisers are documented in the Prudential UK Financial Procedures Manual.  Problem Solving :  - Ability to confidently express own viewpoint and to clearly and simply communicate actuarial issues within their team.  - Ability to develop clear, workable plans for self; monitor progress; ensure deadlines and commitments are met.  - Maintain and develop knowledge of technical requirements of job together with the framework in which Prudential operates.  - Under supervision, develop clear, workable plans for self; monitor progress; ensure deadlines and commitments are met.  Working Together :  - Ability to plan and prioritise own and team's workload.  - Ability to deliver on multiple tasks to demanding timescales.  - Some level of Stakeholder management skills.  - Ability to effectively influence colleagues.  - Communicate effectively with others, develop positive networks and working relationships.  Key Interfaces (please detail purpose and level of contact) :   Internal : For example: Finance Actuarial team  External : For example : Prudential Actuarial team  Competence / Knowledge / Skills required :  - 3-5 years of relevant Actuarial experience   - An active student member of the Institute or Faculty of Actuaries and / or Indian Institute of Actuaries with minimum 8 exams cleared.  - Thorough understanding of at least one function / team within Actuarial & ability to deliver on assigned tasks independently.  - Awareness of the Financial Services industry and regulatory environment like EEV, IFRS, Solvency II.  - Some knowledge of significant regulatory processes within UK operations.  - Some level of business influence skills like commercial appreciation and attitude required.  - Some level of understanding of the financial dynamics of Insurance business and how key factors influence the various financial measures.  - Reasonable knowledge of insurance industry related products like Annuities, Bonds, Lifetime Mortgage, Unit Linked and With Profit.  - Minimum 2 years coding/working experience in Prophet software

Mumbai

Prudential - Assistant Manager - Actuarial 

Prudential - Assistant Manager - Actuarial  ,Job Description for Prudential - Assistant Manager - Actuarial  in Prudential Global Services in  Mumbai for (3-5) years of experience. Apply Now!

Job Description for Prudential - Assistant Manager - Actuarial  in Prudential Global Services in  Mumbai for (3-5) years of experience. Apply Now!