Head of Inforce Management (IFM)

- Being responsible for the preparation of various actuarial and financial reports required by regulators, Prudential Group and internal management.
- Act as first point of contact for basic queries relating to those reports.
- Ensure results, processes and procedures are sound, accurate and fully documented. In particular, ensure compliance with regulatory requirements, PCA standards and actuarial principles. Conduct regular experience analyses to provide input into the assumptions to be used in pricing, valuation, and business projections.
- Drive a more holistic framework with respect to the management of PVA's PAR fund, to be in line with applicable regulations, internal practice and TCF.
- Recommend and maintain a company-wide PAR Fund Management Policy.
- Review ULP / Pension crediting rate management framework. Recommend a company-wide Crediting Rate Policy.
- Conduct periodic investigations into the supportability of the ULP/Pension fund performance, and in the setting and recommendation of crediting rates to policyholders.
- Key point of contact with external auditors, regulators, and other senior stakeholders.
- Provide support to team members with BAU tasks including reinsurance management, UAT Test for system implementations, expense analysis and experience analysis, PAR products like bonus declaration etc.
- Provide support to J team members in conducting wide variety of ad-hoc actuarial investigations and In-force Management projects. It can include working in different teams within IFM. Provide support to Head of In-force in managing new projects, stakeholders' (internal and external) expectations.
- To be assigned by the Line manager or Company's management (if any) and support other members on business tasks. Provide support to grow team members
Accountability
Meet all the deadlines of individual assignments and projects Relationships and Communications: Build effective relationships both within and outside the department; seek input from and maintain effective ongoing communication with others:
a. Internal:
- Marketing, Finance, Risk, Claims, Underwriting, Actuarial etc.
- Other departments: coordinate when necessary
b. External:
- MOF, PCA, Reinsurers, Auditors etc.
Managing and developing people