Head of Group & Health Pricing

Prudential’s purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and we support our people’s career ambitions. We pledge to make Prudential a place where you can Connect, Grow, and Succeed.

In Actuarial Pricing, the main responsibility is to price insurance products in accordance with internal financial benchmarks as well as regulatory requirements. The staff will be responsible in supporting the product delivery process, providing the actuarial requirements for product launches timely and accurately. The staff will also support all queries pertaining to product features and designs, as well as support any ad-hoc projects that may arise.

Job Description:

• Lead and supervise technical analyses pertaining to health products and management initiatives: experience trending, customer profiling and feasibility testing
• Implement best practice for entire group and health work
• Work with group business and reinsurers on group quotations
• Perform product pricing and feasibility studies, conduct market research for product initiatives and required profit testing
• Prepare responses to queries from regulators
• Build statistical studies for product initiatives
• Develop studies to investigate the adequacy of pricing assumptions
• Drive continuous enhancement in process with the aim to improve the efficiency of the team
• Provide management / business stakeholders with relevant recommendations / insights.
• Be responsible for the overall pricing of health products: pricing framework, strategy and obtaining approval, including regular reviews of group quotations escalated for actuarial approval.
• Lead a team and is accountable for the KPIs and development of the members
• Develop department plans, controls, resources and formulate policies in area of responsibility
• Look beyond existing solutions and own area to define/resolve complex issues in new situation

Who we are looking for:

Competencies & Personal Traits

• Strong leadership traits to provide guidance and motivation to staff
• Good communicator. Possess the ability to explain complex actuarial matters to layman in non-technical and succinct languages.
• Detailed oriented
• Committed to excellence and always strive to deliver results with high standards
• Ability to manage, coach and motivate large teams
• Possesses strong business acumen

Working Experience

• At least 10 years of relevant experience in actuarial roles or positions

Professional Qualifications

• Qualified or nearly qualified actuary from a recognized professional actuarial body

Education

• Degree in Actuarial

Language

• English

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.