Actuarial Business Partner

2 weeks ago


Singapore PRUDENTIAL ASSURANCE COMPANY SINGAPORE (PTE) LIMITED Full time
Job Summary

We are seeking a highly skilled Actuarial Business Partner to join our team at Prudential Assurance Company Singapore (PTE) Limited. As a key member of our organization, you will play a critical role in evaluating business cases and assessing the cost-effectiveness of our spending.

Key Responsibilities
  • Develop and evaluate high net worth strategies, including the feasibility of our universal life product and compensation for protection and universal life products.
  • Lead the review of compensation for protection products to enhance their competitive advantage.
  • Implement initiatives across actuarial departments to drive business growth.
  • Collaborate with agency distribution, partnerships distribution, and customer teams to design, review, and recommend changes to compensation and incentives.
  • Obtain necessary approvals for large compensation changes in compliance with PCA's IAN requirements.
  • Support agency distribution in designing and implementing master general agent structures to achieve business objectives.
  • Monitor master GAM performance and adjust as needed based on sales performance.
  • Develop effective recruitment strategies to achieve targets and objectives.
  • Review and implement partnership development strategies, focusing on product strategies and compensation analytics.
  • Provide coordination within finance and actuarial teams as needed.
  • Lead a team and be accountable for key performance indicators and member development.
Requirements
  • At least 8 years of relevant experience in finance or actuarial roles.
  • Degree in Actuarial.
  • Strong analytical skills, fast learner, and self-motivated.
  • Ability to communicate technical actuarial theory in layman terms.
  • Good understanding of life insurance operations.
  • Excellent Excel and PowerPoint skills.
What We Offer

Prudential is an equal opportunity employer, committed to providing a diverse and inclusive work environment. We offer a range of benefits, including equality of opportunity and benefits for all employees, regardless of their background or status.


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