Actuarial Pricing & Product Analytics Specialist

Prudential Assurance Malaysia Berhad

Kuala Lumpur

On-site

MYR 60,000 - 90,000

Full time

14 days+

Application generator

Don’t send a generic resume — generate a resume and cover letter tailored to this exact role.

Get past ATS filters

Job summary

Prudential Assurance Malaysia Berhad is seeking an actuarial professional to assist the Actuarial Manager in defining standards and processes for pricing, valuation, and reserves. The role involves Prophet modelling, pricing, and provision of actuarial support to product implementation, with opportunities for knowledge transfer across units in Malaysia or abroad.

The successful candidate will have an actuarial degree, progress in actuarial exams, and up to three years of relevant experience,

Qualifications

Degree in Actuarial Science/ Mathematics/ Statistics/ Physics or other numerate discipline.
Good progress in actuarial professional examinations.
Up to 3 years relevant working experience.
Proficiency with programming tools (e.g. Visual Basic).
Practical knowledge in Prophet (preferred) or other projection software would be preferred.
Must be meticulous with the ability to work under pressure.
Must be self-motivated with the ability to work under minimum supervision.

Responsibilities

Participate in the product development process with other relevant Departments (Marketing, IT and Operations). Provide technical support and specifications with respect to new insurance products.
Recommend appropriate pricing assumptions and profitability targets. Undertake pricing of products based on agreed pricing assumptions and profitability targets in Prophet and Excel. Correct and timely pricing of products.
Accurate and timely provision of actuarial support to Product Implementation Team.
Model and analyze Prophet model office for new products / modifications. This will include all financial output where Prophet is used (e.g. statutory valuation, Embedded value, New business profit, Solvency II, etc). Perform reasonableness checks as appropriate. Interpret and communicate results to Actuarial Manager/ Senior Manager. Accurate and timely production of financial output.
Participate in assessing risks inherent in a new product, communicate implications effectively and identify mitigating solutions to manage risk.
Participate in various company-wide business initiatives. This includes system upgrade initiatives, business retention and solutioning, product and process reviews, regulatory change requirements.
Provision of general actuarial advice and expertise to address policyholder/agent/regulatory queries where necessary. Ensure information provided is accurate, sufficiently detailed to the audience intended and addresses issues at hand.
From time to time, project-based work may be required, supervised by the Project Sponsor or other appropriate supervisor. Projects might involve the provision of actuarial services and / or other skills and experience to compile information and present potential solutions or advice to the Company in resolving business issues. Projects may also take the form of secondment to other Prudential business units, either in Malaysia or overseas, for knowledge building / knowledge transfer purposes.