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Job Purpose
Prudential Vietnam's Participating ("Par") business fund (the "Fund") is one of the largest in the market, with over 1 million in force policyholders. Strong actuarial expertise is required within the company to ensure sound financial management of the Fund, while ensuring that all policyholders are treated fairly.
The individual will be accountable for delivering high-quality actuarial insights relating to the management and governance of Prudential's Par fund. This will include delivering the annual bonus study and bonus rate declarations, providing experience analysis insights of emerging trends within the fund, developing best practices for in force customer management, and working closely with other functions to unlock commercial opportunities for existing and new Par customers.
The Actuarial Analyst will support the Senior Manager in the PAR Fund Management Project to enhance actuarial governance and business performance of Prudential's Par products and Fund.
Job Responsibilities
Support the development enhancements to Par customer management, such as improved formats of communications to customers, to enhance PRE and customer understanding of their insurance products.
Support to identify opportunities for existing Par customers to close their protection gap and collaborate closely with other functions (such as Customer, Product and Commercial teams) to develop suitable cross-sell propositions that meet customer needs.
Contribute to the development and maintenance of company-wide policies such as the Par Fund Management Policy and experience study methodologies handbook. Strengthen actuarial governance by ensuring processes and documentation meet internal control and regulatory standards.
Support the preparation and review of actuarial and financial reports related to Par experience monitoring and management outcomes for internal management, Prudential Group, and regulators, ensuring accuracy and transparency.
Participate in other assigned tasks or projects.
Job Accountability
Deliver assigned tasks accurately and on time.
Maintain high-quality standards in data handling, analysis, and reporting.
Communicate effectively with team members and stakeholders.
Demonstrate ownership and continuous learning in actuarial practices.
Job Requirements
Qualifications:
Bachelor's degree in actuarial science, mathematics, statistics, finance, or a related field.
Progress in actuarial exams (SOA, IFoA, or equivalent) preferred.
1-3 years of actuarial experience in life insurance or related fields.
Strong analytical and problem-solving skills.
Proficiency in Excel and actuarial software Prophet, DCS; programming skills (e.g., VBA, Python, R) are a plus.
Good communication and collaboration skills.
Core Competencies:
Attention to Detail
Analytical Thinking
Effective Collaboration
Clear Communication
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.
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