Assistant Manager, Pricing (Life Insurance)

Generali; Kuala Lumpur; On-site; MYR 180,000 - 300,000; Full time

Job summary

Jora Malaysia is seeking an experienced pricing actuary to develop sound premium rates compliant with BNM regulations and the company’s pricing strategy. The role covers profitability, capital needs, and collaboration with the Product Development Team to obtain approvals.

You will work with IT to develop and test systems, maintain pricing tools, and manage pricing projects. The ideal candidate has 6+ years in actuarial or pricing with strong leadership and teamwork skills.

Qualifications

• Degree in Actuarial Studies or equivalent from a recognised actuarial body.
• More than 6 years of actuarial or pricing experience.
• Strong analytical and pricing modelling capabilities.

Responsibilities

• Develop pricing strategy aligned with product pricing strategy and regulatory requirements.
• Review, build, update or enhance pricing models and analyses.
• Collaborate with Product Development and IT to implement pricing solutions and ensure Day 1/Day 2 readiness.
• Prepare pricing analyses and seek approvals from stakeholders and BNM when required.
• Engage with reinsurers to gain product and pricing knowledge and ensure timely support.
• Lead pricing-related projects and respond to ad hoc stakeholder requests.

Skills

Technical skills

Logical thinking

Problem solving

Leadership

Team collaboration

Education

Actuarial degree

Job description

Jora Malaysia will close on 9th September 2026. Thank you for being with us, we are cheering you on as you continue your career journey.

Responsible for the development of sound premium rates that is in alignment with the product pricing strategy and adhering to company’s internal requirements and comply with BNM’s regulations.

To ensure that the products’ profitability and capital needs meet the company’s objectives.

Key Accountabilities:

Product Pricing Strategy

Devise pricing strategy to ensure that they are in alignment with the product proposition to achieve business targets and meet the products’ profitability and capital needs of the company.

Review, build, update or enhance existing pricing model.

Preview, test and utilize competitor products and seek necessary mandate from the Product Development Team.

Review or prepare pricing analysis and seek necessary mandate from Product Development Team for quotation.

Work with reinsurer to gain access to product knowledge and risk pricing knowledge. Also establish relationship with reinsurer to ensure timely product support.

Review or preparing financial studies in Pricing Report to seek product approval from the relevant stakeholders.

Collaborate with Product Development Team to ensure that product is approved by relevant stakeholders, prior to seeking Regional/Group approval (if required), and filing to BNM.

Partner with Product Development Team to prepare the needed document for timely submission of product filling for BNM’s product approval and responding to BNM's queries.

Provides support in Employee Benefit business in ensuring sound pricing practice.

Product Implementation

Work with IT on developing, testing, and integrating systems.

Review and resolve Day 1 issues before product launch and to follow up on Day 2 issues to ensure completion.

Review or develop and maintain Excel Planner template and Inforce SI.

Special Projects Related to Pricing

Manage project timeline with the engagement of project manager.

Ensure timeliness of the project completion.

Ad Hoc Requests

Respond accurately to ad hoc requests from various stakeholders in timely manner.

Requirements:

Education:

Degree in Actuarial Studies who is active in exam progress from recognised actuarial examination body.

Experience:

More than 6 years of Actuarial or Pricing experience. Understanding of insurance products and marketplace conditions and how they impact financial models and results.

Skills:

• Strong technical skill and logical thinking.
• Strong problem-solving skill and critical thinking.
• Leadership and Motivational skills.
• Team building and collaboration skills.