Prudential - Assistant Manager - Actuarial

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.

Overall job purpose -

To work under the direction of a Qualified Actuary or other more senior team members.

- As a Junior Trainee 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.

- 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.

Skills / Knowledge required -

- 3-4 years of relevant Actuarial experience

- A student member of the Institute or Faculty of Actuaries and / or Indian Institute of Actuaries. Should have accumulated up to 12 credits (equivalent to ~11 Actuarial examinations).

- Actively studying for and making satisfactory progress with the Institute / Faculty exams as defined in the Mumbai Actuarial Study Support Policy.

- 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.

- Thorough understanding of at least one function / team within Actuarial and ability to deliver on assigned tasks independently.