Head of Valuation

2 weeks ago


กรงเทพมหานคร, Thailand Prudential plc Full time

Prudential's purpose is to help people get the most out of life. We will deliver our purpose by creating a culture in which diversity is celebrated and inclusion assured, for our colleagues, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and in exchange, we support our people's career ambitions. We pledge to make Prudential a place where you can Connect, Grow and Succeed.

Role Purpose:
- The Head of Valuation has oversight of the accuracy, quality, communication, and delivery of the company’s financial metrics to Prudential Group and the OIC. The role-holder will be expected to provide strategic insights to support informed and innovate business decision making, along with ensuring that internal and external stakeholders have confidence in the company’s financial results and that standards and regulations are applied appropriately, including implementation of new or amended standards such as IFRS17.

Role & responsibilities:
- Delivery of monthly, quarterly and annual results and reports to our local senior management and our Group office. The metrics include the actuarial components of Embedded Value (EEV), New Business Profits (NBP), IFRS, and local statutory financial statements, among others.- Ensure that the processes sitting behind these metrics support overall integrity of the results.- Responsibility for embedding IFRS17 results production into BAU and ensuring timely delivery and strong commentary of results to our Group office.- Own the actuarial components of the company’s annual Business Plan exercise, ensuring that the suite of metrics are appropriately projected, financial trends are explained and aligned with the company’s strategy and to present results to our local and Group management teams.- Review regular experience monitoring reports, including a deep-dive annual study, for insurance and expense risks. Gain a solid understanding of the underlying movements and recommend changes to the company best estimate assumptions as part of an annual review cycle.- Support the Chief Actuary in addressing specific business issues such as the financial outcomes of possible strategic and commercial decisions, introduction of new regulations, actuarial model changes etc.- Engage with the OIC to support regular reports, explain company results and contribute on industry topics to further the quality of life insurance financial reporting in Thailand.- Engage with auditors on local financial statements and external Group reporting metrics to ensure that results and statements are accurate and processes are well controlled.
- Develop the technical capability of subordinates to build a strong and capable multi-metric team of part qualified actuaries.

Qualifications and Experience:
- 10-15 years of experience, with fellowship of an international actuarial association- Valuation and reporting experience, preferably with international metrics such as EEV and IFRS- Experience with regional/group financial reporting of a multi-national insurer would be beneficial- Articulate communicator, with excellent ability to interpret actuarial results- Strong technical and analytical skills- Experience of team management and a passion for developing more junior members’ capabilities- Ambition to rise to become a future Chief Actuary


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