Assistant Manager, Pricing

Prudential Services Asia; Kuala Lumpur; On-site; MYR 80,000 - 120,000; Full time

Job summary

Prudential Services Asia is seeking a Pricing Actuary to conduct product pricing with financial and operational risk oversight and to ensure pricing is profitable and timely for group employer schemes. You will support quotations and prepare pricing submissions for PCA and BNM, ensuring on-time delivery.

The role requires a degree in Mathematics/Statistics/Actuarial Science, progress in IOA/IOAA/SOA exams, and proficiency in Prophet and MS Office.

Qualifications

• Degree in Mathematics/Statistics/Actuarial Science or related field.
• Progress in actuarial exams (IOA/IOAA/SOA) preferred.
• Proficient in Prophet and MS Office (Excel, VBA, Word, PowerPoint).
• Good communication skills; English & Bahasa Malaysia.

Responsibilities

• Product Pricing: conduct pricing with financial and operational risk management; set profitable pricing and respond to quotes for group schemes; prepare pricing submissions for PCA and BNM and ensure on-time delivery.
• Pricing approach: maintain sound methodologies; document bases; run pricing models aligned with takaful profitability.
• Product implementation: provide pricing-related system testing and actuarial support (materials, requirements, UAT) to ensure timely delivery.
• Retakaful: coordinate with operators to obtain competitive rates and support pricing, product design, underwriting, and claims management.

Skills

Pricing strategy

Analytical thinking

Communication

Problem solving

English & Bahasa Malaysia

Education

Degree in Mathematics/Statistics/Actuarial Science

Tools

Prophet

Excel

VBA

Word

PowerPoint

Job description

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.

1. 1. Product Pricing- Conduct Product Pricing with management of financial and operational risks Product Pricing Set profitable and sustainable pricing and maintain competitiveness in the market Support on quotations for tailored group employer scheme Produce product submission for PCA and BNM and assist on enquiries. Ensure product pricings complies to requirements set by SOP, PCA and BNM To ensure product pricing works are accurate, complete and submitted on time

2. 2. Pricing Approach- Maintain and implement sound Pricing Approach/ Model/ Basis Proper documentation of methodology and bases. To run pricing model that is consistent with the Company’s takaful model and profitability measures. Ensure jobs are accurate, complete and submitted on time.

3. 3. Product Implementation- To provide timely and effective Product Implementation support To perform testing on system as per Pricing UAT SOP and ensure completeness and accuracy. To provide actuarial support in terms of product materials, system requirement/ development, sale illustration, UAT, etc. Ensure jobs are accurate, complete and submitted on time.

4. 4. Retakaful - Cost effective and efficient Retakaful put in place for all new products before launch To support works when liaising with Retakaful Operators to obtain competitive retakaful rates as well as supports on pricing and product design, as well as underwriting and claims management.

Qualification and Experience

Degree in Mathematics/Statistics/Actuarial Science or other related course. Good progress in the Actuarial professional examinations (IOA/IOAA/SOA). Competent in actuarial software (ideally Prophet) and Microsoft Office application (Excel, VBA, Word, Power Point) and any other programming language Good communication skill Good command in English & Bahasa Malaysia Good analytical and problem solving skills Able to work under pressure and deliver within tight deadlines. Driven by high desire to acquire knowledge and to deliver results

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. We are Prudential. For every life, we are partners. For every future, we are protectors.

Prudential plc provides life and health insurance and asset management to 17 million customers across 20 markets in Asia and Africa. We are headquartered in Hong Kong and have dual primary listings on the Stock Exchange of Hong Kong and the London Stock Exchange. We are focused on four strategic regions: Greater China, ASEAN, India and Africa. Our customers are served by around 55,000 agents and more than 200 bank partners. Prudential plc is not affiliated in any manner with Prudential Financial, Inc., a company whose principal place of business is in the United States of America or with the Prudential Assurance Company, a subsidiary of M&G plc, a company incorporated in the United Kingdom.

Find out more at www.prudentialplc.com Follow us on LinkedIn