Manager, Product Pricing

Great Eastern; Kuala Lumpur; On-site; MYR 100,000 - 150,000; Full time

Job summary

A leading insurance company in Kuala Lumpur is seeking an actuarial professional responsible for delivering accurate pricing and reinsurance solutions. The role involves developing pricing proposals, ensuring compliance with regulations, and conducting research on industry trends. Candidates should possess a Bachelor's Degree in Actuarial Science and exhibit strong communication skills along with proficiency in Excel and actuarial models. This position promises a collaborative environment emphasizing integrity and continuous improvement.

Qualifications

• Knowledge of actuarial models and industry standards.
• Completed Preliminary actuarial exams recognized by BNM.
• Skill in product modeling and projection.

Responsibilities

• Develop and review pricing assumptions for proposals.
• Ensure compliance with product and pricing policies.
• Perform actuarial research and competitor analysis.

Skills

Good communication skills

Relevant computer skills

Data Analysis

Education

Bachelor's Degree in Actuarial Science

Tools

Excel

Microsoft Word

Visual Basic

Job description

To be responsible for timely and accurate delivery of pricing terms and reinsurance solutions while meeting company’s minimum requirements. This role also requires the individual to be involved in end-to-end pricing process including assumption setting, modelling, treaty agreement and regular monitoring of pricing adequacy.

The Job

• Develop/ review best estimate pricing assumptions to provide pricing proposals.
• Review of pricing methodology and models that meet the internal and regulatory requirements
• Ensure compliance with internal product and pricing policies, processes, profit margins, external regulatory guidelines and country mandate.
• Provide support in reviewing and negotiating treaty terms of new products and ensure treaties are signed timely and accurately.
• Perform actuarial research and competitor analysis to maintain an understanding of industry trends and assess feasibility of various possible pricing solution.
• Support marketing and business development in building and maintaining effective relationships with stakeholders.
• Play a supporting role in actuarial and pricing related projects and company-wide initiatives
• Takes accountability in considering business and regulatory compliance risks and takes appropriate steps to mitigate the risks.
• Maintain awareness of industry trends on regulatory compliance, emerging threats and technologies in order to understand the risk and better safeguard the company
• Highlight any potential concerns /risks and proactively shares best risk management practice.
• Other responsibilities entailed

Our Requirements

• Key Knowledge, Academic / Professional Certifications:

- A Bachelor's Degree in Actuarial Science

- Knowledge on: Actuarial models (Intermediate), Industry standards, regulations and policies (In-depth), Own job discipline (Advanced)

- Others: Completed Preliminary actuarial exams in one of the actuarial associations recognised by BNM

• Skillsets & Competencies

- Skillsets: Good communication skills: Written and verbal, Relevant computer skills: Macro, Visual Basic, Excel, Words, etc., Skill in product modeling and projection, Data Analysis

- Competencies: Actuarial Knowledge, Product Knowledge and Development, Microsoft Words, Excel & Power Point, Database, Actuarial Application, Passion for Excellence, Information Seeking, Analytical Thinking, Good customer service (internal and external), Concern for Order and Quality

• High level of integrity, takes accountability of work and good attitude over teamwork.
• Takes initiative to improve current state of things and adaptable to embrace new changes.