Actuarial IFRS17

Actuarial IFRS17

Prudential Financial, Inc
Not Specified
Not Specified

Job Description

At Prudential, we understand that success comes from the talent and commitment of our people. Together, we have a shared vision in securing the future of our customers and our communities. We strive to build a business that can shape, an inclusive workplace where ideas are valued and a culture where can thrive together. Our people stay connected and tuned in to what's happening around us, keeping us ahead of the curve. While focused on the long-term, we look to the future to bring growth, development and benefit to everyone whose lives we touch.
Key accountabilities for detailed design phase
  • Design Prophet Model for both End State and Transition purpose.
  • Producing technical specification for Prophet actuarial system enhancements required to enable IFRS 17 compliance.
  • Develop the transition tool to produce the Opening Balance Sheet
  • Develop Financial Impact Assessment on IFRS 17 implementation
  • Update and implement actuary Process maps, RACI matrix, Controls and reconciliation
  • Perform testing and parallel run on model and prophet

For future phases of the programme
  • This role will work with development and implementation teams on actuarial system testing and business readiness activities in implementation phase. For all phases of the programme
  • Conduct interviews and workshops with stakeholders.
  • Work closely with the project team, including the Data, Systems, Accounting and Actuarial work streams where the delivery of sub-ledger work-stream requires multi-disciplinary collaboration
  • Build and manage relationships with key local contacts / stakeholders
  • Provide insight on industry practices to stakeholders to facilitate project deliverables

Candidate Specifications:
  • A strong leader with a proven track record on large scale projects within a highly complex hierarchy/functional organisation across multiple jurisdictions.
  • At least three years of experience in insurance projects, such as Insurance Actuarial change management or life insurance consulting.
  • Excellent communication, interpersonal and organisational skills - experience working with senior executives is preferred.
  • A demonstrable interest in IFRS 17 Solvency II knowledge would be beneficial.
  • Comfortable working with uncertainty, highly adaptable.
  • Knowledge of relevant existing actuarial processes.
  • Knowledge of Prophet actuarial system modelling.
  • Fluent in both spoken and written English (ability to speak one or more Asian languages desirable) Willing to travel (although not extensively)
  • University graduate

Job Details

Employment Types:





Prudentialplc provides life and health insurance and asset management, with a focus on Asia and Africa. We help people get the most out of life, by making healthcare affordable and accessible and by promoting financial inclusion. We protect people's wealth, help them grow their assets, and empower them to save for their goals. The business has more than 18 million life customers in Asia and Africa.Prudential has been providing trusted financial security for 95 years and is listed on stock exchanges in London, Hong Kong, Singapore, and New York. We are proud to be included in the 2022 Bloomberg Gender Equality Index. The index measures gender equality across five pillars: female leadership and talent pipeline, equal pay and gender pay parity, inclusive culture, sexual harassment policies, and pro-women brand. Our inclusion in this global index is testament to our commitment to nurturing diverse talent. #BloombergGEI . Prudential plc is not affiliated in any manner with Prudential Financial, Inc., a company whose principal place of business is in the United States of America or with the Prudential Assurance Company, a subsidiary of M&G plc, a company incorporated in the United Kingdom.

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