Non-Motor Pricing Lead

Zurich 56 Company Ltd; Kuala Lumpur; On-site; MYR 180,000 - 300,000; Full time

Job summary

Zurich 56 Company Ltd in Kuala Lumpur is seeking a senior Actuarial Pricing Lead to guide a pricing team and drive data-driven pricing strategies for protection products. You will oversee model development, validation, and maintenance, ensuring regulatory alignment and timely reporting.

Requirements include a Bachelor’s in Actuarial Science or related field, 4+ years of experience, and active actuarial progress.

Qualifications

• Bachelor's degree in Actuarial Science, Data Analytics, Mathematics, Statistics, or equivalent.
• Typically four or more years of experience in related field.
• Pursuing professional actuarial qualification (UK, US or Australia).
• Experience with programming/statistical tools such as MS Excel-VBA, Power BI, SAS, SQL, R, Python, Emblem, Radar or Prophet.

Responsibilities

• Lead and develop a high-performing actuarial pricing team to deliver accurate and timely pricing solutions.
• Oversee development, implementation, and maintenance of pricing, capital, P&L, APMP, ZRC, conversion and retention models.
• Perform complex statistical analyses, data mining, and modeling to support pricing and financial decisions.
• Leverage advanced analytical techniques to identify trends, assess risks, and optimize pricing strategies.
• Ensure data integrity through robust data governance practices.
• Manage data collection, cleaning, and validation processes.
• Develop and maintain pricing databases to support model development and analysis.
• Collaborate with business partners to understand needs and provide actuarial expertise.
• Communicate complex technical information effectively to technical and non-technical audiences.
• Support business decision-making through insightful statistical and actuarial analysis.

Skills

Malay English proficiency

Critical Thinking

Problem Solving

Statistical Concepts

Actuarial Pricing Concepts

Actuarial Reserving Concepts

Probability

Effective Communication

Stakeholder Management

Relationship Management

Leadership

Data Tools & Mgmt Literacy

Education

Bachelor's degree in Actuarial Science/Data Analytics/Math/Stats

4+ years of experience

Pursuing actuarial qualification (UK/US/Australia)

MS Excel-VBA/Power BI/SAS/SQL/R/Python/Emblem/Radar/Prophet

Tools

Excel-VBA

Power BI

SAS

SQL

R

Python

Emblem

Prophet

Job description

Select how often (in days) to receive an alert:

• Performing analytical and actuarial pricing duties in order to provide strong data governance and highly accurate data and analyses for use by more senior pricing actuaries in relation to reserving, reporting, quantitative risk management or the pricing of business.
• Advise on the pricing and design of new products (covering technical and market-based pricing), with a focus on protection products.
• Solves business challenges with statistical and predictive modeling techniques such as Exposure Curves, GLMs, machine learning, decision trees, probability networks, association rules, clustering, regression, and neural networks and their application to business decisions.

Key Accountabilities

• Lead and develop a high-performing actuarial pricing team to deliver accurate and timely pricing solutions.
• Oversee the development, implementation, and maintenance of models such as but not limited to pricing, capital, P&L, APMP, ZRC, conversion and retention ensuring alignment with business objectives and regulatory requirements.
• Perform complex statistical analyses, data mining, and modeling to support pricing and financial decisions.
• Leverage advanced analytical techniques to identify trends, assess risks, and optimize pricing strategies.
• Ensure data integrity through robust data governance practices.
• Manage data collection, cleaning, and validation processes.
• Develop and maintain pricing databases to support model development and analysis.
• Collaborate closely with business partners to understand their needs and provide actuarial expertise.
• Communicate complex technical information effectively to both technical and non-technical audiences.
• Support business decision-making through insightful statistical and actuarial analysis and recommendations.
• Drive new product development initiatives through actuarial pricing expertise.
• Conduct market analysis and competitor benchmarking to inform pricing strategies.
• Develop and implement pricing methodologies for new products.
• Maintain compliance with actuarial standards and regulatory requirements.
• Prepare and submit required pricing reports and product documentation in navigating local filings and global product/risk authority approval process.
• Stay updated on industry trends and regulatory changes.
• Guide, train and mentor and professional development of pricing staff under supervision.
• Monitor business unit’s performance through actuarial and financial measures on key performance indices and present deep dive results & variances in company’s forum.
• Participate and contribute to business unit’s Country Underwriting Plan and other quarterly business review event.
• Support business unit’s Propositions in new product development and repricing/refresh initiatives with a focus on protection products and identify opportunities/need for product repricing in protection, based on demand from Business Units (BUs) and competitive landscape from market trends.
• Demonstrate and continuously expand increasing knowledge of actuarial disciplines and procedures to build value adding, relevant technical knowledge.

Performance Management Accountabilities

• Demonstrate commitment to corporate values.
• Take accountability for participating in the performance management cycle.
• Take action to improve team performance on the job.
• Provide input into team performance management discussions of project team members.
• Educate team members and business partners in the area of technical expertise.
• Assist and support co-workers.
• Take action to manage own/team personal development and encourage others to do the same.

Skills

• Having strong language proficiency (listening, speaking and writing) in Malay and English
• Critical Thinking – Proficiency Level Advance
• Problem Solving - Proficiency Level Advance
• Statistical Concepts - Proficiency Level Expert
• Actuarial Pricing Concepts – Proficiency Level Intermediate
• Actuarial Reserving Concepts – Proficiency Level Intermediate
• Probability - Proficiency Level Advance
• Effective Communication - Proficiency Level Intermediate
• Stakeholder Management - Proficiency Level Advance
• Relationship Management - Proficiency Level Intermediate
• Leadership – Proficiency Level Intermediate
• Data Tools and Management Literacy - Proficiency Level Advance

Education and Experience

• Bachelors degree in Actuarial Science, Data Analytics, Mathematics, Statistic, or equivalent in relevant field at minimum.
• Typically four or more years of experience in related field.
• Pursuing professional actuarial qualification (UK,US or Australia)
• H aving experience in working with either of thse programming statistical tools such as MS Excel-VBA, Power BI, SAS, SQL, R, Python, Emblem, Radar or Prophet

Disclaimer and Caveat

This job profile is not designed to cover or contain a comprehensive list of all duties, responsibilities and activities that may be required in this job. Further, duties, responsibilities and activities may change from time to time due to business needs of the Company. This job profile is a guideline only and does not establish any type of guarantee as to duties, responsibilities and activities and, in Malaysia, it does not alter the at-will employment status of your employment.

You are the heart & soul of Zurich!

At Zurich, we like to think outside the box and challenge the status quo. We take an optimistic approach by focusing on the positives and constantly asking What can go right?

We highly value the experience and know-how of our employees and offer a wide range of opportunities across business areas to encourage you to apply for new opportunities within Zurich when you are ready for your next career step.

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