Financial Reporting Senior Actuarial Analyst

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 May 2017, the International Accounting Standards Board published IFRS 17, a new accounting Standard that fundamentally changes the approach to insurance liability valuation. The Standard is effective on 1 January 2022 and adoption is required for both group and local reporting, in the majority of territories in which Prudential Group operates. IFRS 17 Project is established at Prudential Vietnam to enable the company to report its financial position and financial performance to Regional Head Office following IFRS 17 standard.
Vào tháng 5, 2017, Ủy ban Tiêu chuẩn Kế Toán Quốc tế đã thành lập IFRS 17, một tiêu chuẩn kế toán mới thay đổi căn bản cách tiếp cận định giá trách nhiệm bảo hiểm. Tiêu chuẩn này có hiệu lực từ ngày 01/01/2023 và việc áp dụng được yêu cầu cho báo cáo tập đoàn và địa phương, trong phần lớn địa điểm hoạt động của Tập đoàn Prudential. Dự án IFRS 17 được thành lập tại Prudential Việt Nam nhằm báo cáo tình hình và hiệu quả tài chính cho Trụ sở khu vực theo tiêu chuẩn IFRS 17

Job purpose:

This role is in the Financial Reporting team, an integrated team with actuarial and accounting skillset. The Financial Reporting team delivers trusted reporting and insightful analysis to local PVA, Prudential Group and other relevant external stakeholders; embeds pragmatic governance and control frameworks; and drives internal performances and supports business decisions. The Financial Reporting team is not directly involved in the finance/actuarial operations or the production of the results; and coordinates and collaborates with other financial and actuarial teams to achieve delivery and oversight of financial reporting.

This role reports to and assist the Actuarial Manager / Senior Actuarial Manager, Financial Reporting in providing actuarial competencies and analytics for the success of the Financial Reporting team.

This role provides the incumbent opportunities and visibility to work, collaborate and interact with a variety of finance and actuarial functions, both at local PVA and Group; and also holistic experience in financial reporting for further career development.

Job responsibilities:

Support the Financial Reporting team in oversight and management of deliverables of actuarial and financial reports required by local regulators, Prudential Group, audit and internal management. In particular, provide, or assist the team with providing, actuarial reviews and investigation on the deliverables to uphold quality, completeness, fit-for-purpose and timeliness.

Work collaboratively with local teams, Group stakeholders, and other relevant stakeholders on all matters related to financial reporting.

Support the team in resolving issues in relation to financial reporting; and in driving improvements in financial reporting efficiency and effectiveness.

Perform analyses and investigations as required with the aim of articulating driver of results, gleaning insights and supporting business decisions.

Support the team in performing cross-basis analysis and reconciliation.

Contribute to analysing impact of changes in reporting requirements, standards, or bases; and contribute to initiatives to adopt and implement new reporting bases or requirements.

Lead, or support the team in, projects or initiatives as required.

Support the team in review of processes, controls, policies, and governance frameworks relating to financial reporting

Job accountabilities:

This role is accountable for the following, with more emphasis on the actuarial side, and with the support and guidance of the Actuarial Manager / Senior Manager, Financial Reporting:

Quality, timeliness and fit-for-purpose of actuarial and financial reports.

Successful and timely resolution of questions and issues raised by Prudential Group relating to financial reporting.

Efficient, effective and collaborative financial reporting processes allowing for adequate internal reviews and signoffs.

Insights and analyses that support business actions and address management questions.

Improved understanding of business drivers.

Robust financial reporting processes, controls, and governance frameworks.

Job Requirements / Yêu cầu

Qualification:

• University degree in a major with significant exposure to actuarial, finance, mathematics or statistics.
• Enrolled in a professional education program with a recognized actuarial professional association

Experiences:

• At least 2 years of relevant actuarial experience in a life insurance company.
• Experience in actuarial cash flow projection model and software (preferably Prophet)

Knowledge and skill set:

• Strong actuarial knowledge and understanding of life insurance.
• High analytical and investigation skills.
• Ability to work independently and with minimal supervision.
• High interpersonal and relationship building skills.
• Stakeholder management and collaboration skills.
• Excellent verbal communication (including English), writing and presentation skills.

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.