Prudential - Actuarial - Technician

Location : Mumbai

Experience : 1-3 years

Positions : 2

Work experience 2 to 4 yrs actuarial work (life / general insurance will do)

- No CT papers required (even if the candidate has given CT papers that's fine but should not be interested in giving any more papers in future)

Skill set required - VBA, excel, SQL

Job Title : Actuarial - Technician

Reports to Actuarial - Deputy Manager / Manager

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 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.

UK Business Area : Prudential business

Key departments / areas of responsibility :

- Actuarial

Overall Job Purpose :

- To work under the direction of an experienced actuary or other more senior team members.

- As a Technician the person may 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.

- Carry out specification and execution of actuarial processes such as Valuation and Reporting, Pricing and Product Development, Calculations support, Deterministic and Stochastic Modelling, Experience Analysis and Model Point Generation, Actuarial SOX Testing, etc to meet project deliverables within agreed timelines.

Roles and responsibilities :

Key responsibilities :

- 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 and returns.

- Respond to straight forward technical queries.

- Seek and act on opportunities to develop wider and deeper technical and business understanding.

- 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 - follow and contribute to the recognized Performance Management process.

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

- Financial Controls : Ensure all expenditure commitments (orders, contracts, budgets etc) and all payments are properly authorized, controlled and monitored, in accordance with Prudential UK delegated authority requirements. The responsibilities of expenditure authorizes are documented in the Prudential UK Financial Procedures Manual.

Business Influence :

- Some level of commercial appreciation and attitude required.

- Some level of understanding of the financial dynamics of our business and how key factors influence the various financial measures.

Problem Solving :

- Maintain and develop knowledge of technical requirements of job together with the framework in which Prudential operates.

- Ability to develop clear, workable plans for self; monitor progress; ensure deadlines and commitments are met.

- Ability to confidently express own viewpoint and to clearly and simply communicate actuarial issues within their team.

Working Together :

- Ability to effectively influence colleagues.

- Ability to plan and prioritize own and team's workload.

- Ability to deliver on multiple tasks to demanding timescales.

- Communicate effectively with others, develop positive networks and working relationships.

- Some level of Stakeholder management skills.

Competence / Knowledge / Skills required :

- 1-3 years of relevant insurance / financial services industry / Actuarial experience

- Track record of being a fast learner as evidenced by job performance.

- Awareness of the Financial Services industry and regulatory environment.

- Some knowledge of significant regulatory processes within Prudential UK operations.

- Reasonable knowledge insurance industry related products.

- Good knowledge of tools and techniques used within the team.

- Thorough understanding of the function / team the person is working in and ability to deliver on assigned tasks independently.

Salary : Up to 7L