Head, Actuarial Services – Prudential Zenith

Head, Actuarial Services – Prudential Zenith

Website Prudential Zenith

Job Title – Head, Actuarial Services
Department/Unit – Actuarial Unit
Reports to(Designation) – Chief Executive Officer
Location – Head Office
Key Responsibilities
  • Collaborate with operations, finance and other experts in the business and senior management to help PZL develop plans for new lines of business or improving existing business.
  • Ascertain premium rates required and cash reserves and liabilities necessary to ensure payment of future benefits.
  • Design, review and help administer life insurance related plans, including but not limited to individual and group products, determining financial soundness and calculating premiums.
  • Determine equitable basis for distributing surplus earnings under participating insurance contracts.
  • Help determine company policy, and explain complex technical matters to company executives, regulators, shareholders, policyholders, and/or the insuring public.
  • Determine policy contract provisions for each type of insurance.
  • Manage credit and help price corporate insurance offerings.
  • Provide expertise to help PZL manage risks and maximize returns associated with investment products or credit offerings.
  • Testify before regulatory agencies on proposed legislation affecting our businesses.
  • Monitor market for current prices and products and prepare competitive analysis reports
  • Prepare monthly and quarterly and other adhoc financial reports
  • Use pricing models to perform analysis on different product offerings
  • Handle preparation and submission for filings returns to the regulators
  • Lead the actuarial team in gathering and preparing analysis based on information from internal and external sources.
  • Analyse experience statistics to estimate mortality, morbidity, lapse, persistency and maturity rates.
  • Carry out valuations and creating and updating valuation programs and spreadsheet applications.
  • Prepare recommendations to senior management based on data summaries, trends analysis, financial analysis and business analysis.
  • Partner with the team to analyse data, construct probability tables to forecast risk and liability for future benefit payments.


5+ years’ experience in evaluating life insurance and related plans


  • Enterprise Risk Management
  • Data Analytics
  • Project management
  • Finance
  • Strong verbal and written communication · 
  • Excellent numeracy and analytical capabilities · 
  • Ability to clearly explain complex statistics and technical details ·
  • Advanced computer skills including understanding of databases, spreadsheets and statistical analysis software.
  • Strong attention to detail.
  • Extensive knowledge of mathematics, statistics, computer science and calculus · 
  • Familiarity with the financial services industry is a distinct advantage · 
  • A deep understanding of the legislation relating to financial services 

To apply for this job email your details to careers@prudentialzenith.com