Non-Motor Pricing Lead

Zurich Insurance; Kuala Lumpur; On-site; MYR 80,000 - 110,000; Full time

Job summary

An international insurance company seeks an Actuarial Pricing Manager in Kuala Lumpur. The ideal candidate will lead a high-performing team, perform complex statistical analyses for pricing, and ensure compliance with actuarial standards. Strong proficiency in Malay and English, along with relevant qualifications in Actuarial Science, Data Analytics, or Statistics, is required. This position offers opportunities for growth in a dynamic environment.

Responsibilities

• Perform analytical and actuarial pricing duties.
• Advise on pricing and design of new products.
• Solve business challenges using statistical techniques.
• Lead and develop a high‑performing actuarial pricing team.
• Conduct complex statistical analyses to support pricing decisions.
• Manage data collection, cleaning, and validation processes.

Skills

Language Proficiency in Malay

Critical Thinking

Problem Solving

Statistical Concepts

Actuarial Pricing Concepts

Actuarial Reserving Concepts

Financial Mathematics

Probability

Effective Communication

Stakeholder Management

Relationship Management

Leadership

Data Tools and Management Literacy

Education

Bachelor’s degree in Actuarial Science

Typically four or more years of related experience

Progressing in a 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

Job description

Purpose

Perform analytical and actuarial pricing duties to provide data governance and accurate analyses for senior pricing actuaries, covering reserving, reporting, risk management, and product pricing.

Advise on pricing and design of new products, focusing on protection products.

Solve business challenges using statistical and predictive modeling techniques (Exposure Curves, GLMs, machine learning, decision trees, probability networks, association rules, clustering, regression, neural networks) applied to business decisions.

Key Accountabilities

• Lead and develop a high‑performing actuarial pricing team.
• Oversee development, implementation, and maintenance of models (pricing, capital, P&L, APMP, ZRC, conversion, retention).
• Conduct complex statistical analyses, data mining, and modeling to support pricing and financial decisions.
• Identify trends, assess risks, and optimize pricing strategies through advanced analytical techniques.
• Ensure data integrity through robust governance practices.
• Manage data collection, cleaning, and validation processes.
• Maintain pricing databases for model development and analysis.
• Collaborate with business partners to understand needs and provide actuarial expertise.
• Communicate technical information to technical and non‑technical audiences.
• Support business decisions with statistical and actuarial analysis and recommendations.
• Drive new product development initiatives through pricing expertise.
• Conduct market analysis and competitor benchmarking.
• Develop and implement pricing methodologies for new products.
• Maintain compliance with actuarial standards and regulations.
• Prepare and submit required pricing reports and product documentation for local filings and global approvals.
• Stay updated on industry trends and regulatory changes.
• Guide, train, and mentor pricing staff.
• Monitor unit performance with actuarial and financial measures.
• Participate in business unit plans and quarterly reviews.
• Support product repricing initiatives for protection products.
• Expand knowledge of actuarial disciplines to build value‑adding technical knowledge.
• Actively pursue local actuarial qualification.

Performance Management Accountabilities

• Demonstrate commitment to corporate values.
• Participate in the performance management cycle.
• Improve team performance.
• Provide input on performance discussions.
• Educate team members and partners in technical expertise.
• Support co‑workers.
• Encourage personal and team development.

Skills

• Strong language proficiency in Malay and English.
• Critical thinking – Advanced.
• Problem solving – Advanced.
• Statistical concepts – Expert.
• Actuarial pricing concepts – Intermediate.
• Actuarial reserving concepts – Intermediate.
• Financial mathematics – Advanced.
• Probability – Advanced.
• Effective communication – Intermediate.
• Stakeholder management – Advanced.
• Relationship management – Intermediate.
• Leadership – Intermediate.
• Data tools and management literacy – Advanced.

Education and Experience

• Bachelor’s degree in Actuarial Science, Data Analytics, Mathematics, Statistics, or equivalent.
• Typically four or more years of related experience.
• Progressing in a 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.

Disclaimer

This job profile is a guideline only and does not establish any type of guarantee regarding duties, responsibilities, or activities. The description may change with business needs. In Malaysia, this does not alter at‑will employment status.

About Zurich

You are the heart & soul of Zurich! We encourage thinking outside the box and challenge the status quo. We value experience and offer growth opportunities across business areas.