PBTB | Assistant Manager, Pricing

Prudential Group; Kuala Lumpur; On-site; MYR 20,000 - 100,000; Full time

Job summary

A leading insurance company in Kuala Lumpur seeks a skilled Actuarial Analyst to manage product pricing and support implementation. The ideal candidate will have 1 to 2 years of experience in pricing, strong analytical skills, and familiarity with actuarial software. Responsibilities include developing pricing strategies, ensuring compliance with standards, and enhancing pricing processes. Candidates are expected to have a degree in Mathematics or a related field and strong command of English and Bahasa Malaysia.

Benefits

Equal opportunity employer

Diverse workplace culture

Qualifications

• 1 to 2 years of relevant working experience in pricing or valuation.
• Good progress in actuarial professional examinations (IOA/IOAA/SOA).
• Driven by high desire to acquire knowledge and to deliver results.

Responsibilities

• Conduct Product Pricing with management of financial and operational risks.
• Maintain and implement sound Pricing Approach / Model.
• Provide timely and effective Product Implementation support.

Skills

Competent in actuarial software (ideally Prophet)

Good analytical and problem-solving skills

Able to work under pressure

Good command of English & Bahasa Malaysia

Education

Degree in Mathematics/Statistics/Actuarial Science

Tools

Microsoft Office (Excel, VBA, Word, PowerPoint)

Job description

3d ago , from Prudential Assurance Company Singapore

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.

Role and Responsibility

Product Pricing – Conduct Product Pricing with management of financial and operational risks.

• 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 comply with requirements set by SOP, PCA and BNM.
• Ensure product pricing works are accurate, complete and submitted on time.
• Enhance current pricing process to improve effectiveness and efficiency.
• Guide junior team members and assist Supervisor in setting profitable and sustainable pricing.

Approach – Maintain and implement sound Pricing Approach / Model / Basis.

• Proper documentation of methodology and bases.
• Run pricing model that is consistent with the Company’s takaful model and profitability measures.
• Ensure jobs are accurate, complete and submitted on time.
• Ensure the pricing approach is based on sound actuarial basis.
• Implement more effective pricing model risk controls and reconciliations.
• Enhance process to improve accuracy, effectiveness and efficiency.

Product Implementation – Provide timely and effective Product Implementation support.

• Perform testing on system as per Pricing UAT SOP and ensure completeness and accuracy.
• Provide actuarial support in terms of product materials, system requirements/dev­elopment, sale illustration, UAT, etc.
• Ensure jobs are accurate, complete and submitted on time.
• Enhance current process to improve effectiveness and efficiency of product implementation.

Retakaful – Cost‑effective and efficient Retakaful for all new products before launch.

• Support works when liaising with Retakaful Operators to obtain competitive rates as well as support on pricing and product design, underwriting and claims management.

Qualification and Experience

• 1 to 2 years of relevant working experience (pricing preferred, valuation also acceptable).
• Degree in Mathematics/Statistics/Actuarial Science or related course.
• Good progress in actuarial professional examinations (IOA/IOAA/SOA).
• Competent in actuarial software (ideally Prophet) and Microsoft Office applications (Excel, VBA, Word, PowerPoint) and any other programming language.
• Good command of 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.