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.
Position Title: Senior Analyst-Products
Division: Africa Regional Hub (ARH)
Function: ARH Actuarial
Immediate Supervisor’s Position Title: Manager -Products
Location: Bengaluru, India
Role Purpose: The purpose of this role is to support the Africa actuarial products team in delivery of products for five Africa business units. Key responsibilities include development and review of pricing models, performing pricing and profit testing and supporting in the development and review of product collaterals to support internal and regulatory approvals.
Key Accountabilities and Performance Measures Impacted:
Key Accountabilities
Performance measures
- Review and maintenance of actuarial pricing models
- Sense-check and validate proposed actuarial pricing bases
- Review and validate pricing model outputs (premium rates, surrender values, financial metrics)
- Review customer facing documents and PSDs
- Completion of reviews for all products assigned within agreed timelines
- Development and documentation of actuarial pricing models, and proposing appropriate pricing methodologies as necessary
- Producing premium rates, surrender values, paid-up values and other product related customer outputs
- Producing required product financial metrics and performing sensitivity testing
- Preparing materials and making presentations to different stakeholders
- Preparation of pricing reports for regulatory filing
- Completion of customer facing materials and PSDs
- Delivery of assigned LBUs products and accompanying collateral within agreed timelines
Core requirements: Brief description of any technical skills or qualifications required
- Degree in Actuarial Science or other appropriate degree.
- A minimum of 5 years’ experience in actuarial function, 3 of which must be in pricing role.
- Associate qualification from a recognised actuarial professional body.
- Proficiency in Excel and Visual Basic Applications
- Excellent stakeholder management skills
- Effective communicator
Preferable skills: Brief description of any technical skills or qualifications preferred
- Experience in product development
- Excellent problem-solving skills with a meticulous and methodical approach
- Good business acumen
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.