Actuarial Analyst - IFRS17 Implementation

Industry Category	Sciences	Position	Actuarial / Statistics
Recruitment Department		Number Of Recruits	several
Work Location	Metro Manila (NCR) Taguig	Nature Of Work	Full Time
Gender Requirements	Male	Marriage Requirement	No marital status restrictions
Education Level	College Diploma	Work Experience	No work experience restrictions
Age Requirement	Above 18 years old	Salary Package	Negotiable
Updated Date	2022-09-27	Valid Until	Long-term validity

This role will support the actuarial work related to the implementation of IFRS17 standards.

Technical Interpretations for IFRS 17

Perform technical assessment and deep dive activities related to IFRS17 to ensure full compliance with the requirements of the standardsSupport technical assessment and finalize accounting policies of the IFRS17 topics as required by the Regional teamPerform financial impact assessment to understand the IFRS17 disclosure requirements

Solution Build for IFRS 17

Assists in the enhancement and testing of the actuarial-related tools as part of the overall IFRS17 solutions architecture, which include Prophet Modelling, DCS Configuration, and other IFRS17-related systems and databasesSupport the development and completion of actuarial related ETLs, DCS, Prophet, and other local tools required to produce the IFRS17 requirementsSupport the Regional SIT, UAT, Defect Management and other solution requirements in coordination with IT team

Transition Support for IFRS 17

Support the design, build, and test of the local transition tools related to IFRS17 actual and expected data, Prophet models, and other UDAsAssist the Regional Head Office in the data requirements, build, and testing of the regional transition tool including the CSM engine and Opening Balance Sheet toolsSupports the development of the testing plan, strategy, and execution of the transition toolsPerform data availability assessment of historical insurance and reinsurance contracts

REQUIREMENTS:

Must have a college degree in Mathematics, Statistics or related field with solid track record of academic excellence.Passed at least one (1) actuarial examinationAdvanced level of knowledge in actuarial concepts and techniquesExperience in using an actuarial software such as Prophet is a plusGood analytical thinking, presentation skills, and problem solving abilityOpen to fresh graduates

Join a team who is always asking: what can we do better?

We break down silos to improve our execution-focused approach, so we can use our advantage of scale, discover fresh perspectives, and new modalities of growth.

Prudential is an equal opportunity employer. We provide opportunities for people regardless of their gender, ethnicity, disability status, age, religion, caring responsibilities or sexual orientation. A diversity of skillsets and backgrounds enriches the organisation. Prudential believes that diversity of experience, thought and background is vital to success, both today and in the future. Click here to find out more about our diversity and inclusivity policy.

A subsidiary of financial services giant Prudential plc, Pru Life UK started its operations in the Philippines in 1996. Established in 1848, Prudential plc has an extensive network of life insurance and mutual funds operations around the world, active in the United Kingdom (UK), Europe, the United States (US) and 12 markets in Asia. It has 24 million customers worldwide and manages £509 billion in assets as of 31 December 2015.In the Philippines, Pru Life UK serves over 200,000 customers in more than 100 branches nationwide with a team of over 14,000 financial consultants offering an increasing portfolio of ordinary life, endowment*, personal accident and investment-linked or unit-linked life insurance products. Pru Life UK was recognized as the fastest growing Prudential company in Asia in 2010 by regional headquarters Prudential Corporation Asia (PCA).*Existing endowment policies are being serviced. There are no new endowment policies offered at the moment.HistoryFounded in 1848 in London, Prudential plc is the largest life insurance company in the United Kingdom and one of Britain's biggest institutional investors. In the United States, it owns Jackson National Life, one of the largest writers of individual life insurance and annuities there. It recently acquired Scottish Amicable, a leading provider of financial services to independent financial advisors in the UK.Prudential plc's roots in Asia are long, and deep, with over 70 years of experience in the region. Its regional headquarters, Prudential Corporation Asia, is based in Hong Kong. Prudential plc now has life insurance operations in Cambodia, China, Hong Kong, India, Indonesia, Korea, Malaysia, the Philippines, Singapore, Taiwan, Thailand and Vietnam. In the Philippines, Pru Life UK is the only British life insurance company in the market.