PBTB | Assistant Manager, Pricing

Prudential Services Asia; Kuala Lumpur; On-site; MYR 90,000 - 150,000; Full time

Job summary

Prudential Services Asia seeks a Pricing Assistant Manager to support product development and pricing within the takaful framework. You will guide juniors, maintain pricing models, and ensure timely, compliant product launches with strong risk management controls.

The role emphasizes actuarial expertise, cross-functional collaboration, and adherence to pricing standards while driving profitability and competitive pricing across distribution channels.

Qualifications

• Degree in Mathematics/Statistics/Actuarial Science or related field.
• Progress in actuarial professional examinations (IOA/IOAA/SOA).
• Proficiency in actuarial software (ideally Prophet) and MS Office (Excel, VBA, Word, PowerPoint).
• Good communication and analytical/problem-solving skills.

Responsibilities

• Support development and pricing of takaful products.
• Maintain pricing models and ensure pricing standards and financial integrity.
• Provide actuarial expertise to committees and support end-to-end product pricing implementations.

Skills

Pricing knowledge

Analytical skills

Communication skills

Education

Mathematics/Statistics/Actuarial Science degree

Tools

Prophet

Excel

VBA

Word

PowerPoint

Job description

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.

The Pricing Assistant Manager is required to do the day to day works in terms of product management by supporting delivery of the Company’s growth strategies through innovative product development, assumption setting, modelling, profit testing, ensuring integrity of the pricing model, meet pricing standards, and ensuring financial integrity within the distribution channel compensation. They are required to guide the junior team members and support Supervisor to deliver end to end product pricing inclusive implementation

Key Responsibilities:

This role is pivotal in supporting the effective development and pricing of products within the company’s takaful framework. Key deliverables include: Guiding junior team members, transitioning into leadership responsibilities, maintaining comprehensive pricing models, and supporting cross-functional committees to achieve timely and compliant product launches: Contribute to the development and pricing of innovative products by ensuring robust risk management controls, and by pricing products that are both profitable and competitive, while maintaining strict adherence to pricing requirements established by Prudential Group and Bank Negara Malaysia. Assist in the development and maintenance of comprehensive pricing models and processes that are consistent with the company’s takaful framework, Shariah principles, and financial targets. Transition from an execution-focused role to reviewer and leadership responsibilities, demonstrating the ability to independently complete straightforward projects or tasks with minimal supervision. Provide actuarial expertise and support to the Product Implementation Committee to facilitate timely and effective product launches. Support the development of optimal re-takaful arrangements that enhance risk management while ensuring cost efficiency. The incumbent is expected to consistently demonstrate and uphold the organization’s integrity and core values by adhering to the company’s code of conduct, established policies, and ethical best practices. Maintaining exemplary professionalism and integrity at all times is essential, with strict compliance to actuarial standards of practice and all applicable codes of professional conduct.

Key Requirements:

Min 2 years of relevant working experience (Ideally pricing, however valuation also can be considered) Degree in Mathematics/Statistics/Actuarial Science or other related course. Good progress in the Actuarial professional examinations (IOA/IOAA/SOA). Competent in actuarial software (ideally Prophet) and Microsoft Office application (Excel, VBA, Word, Power Point) and any other programming language Good communication skill 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.

We are Prudential. For every life, we are partners. For every future, we are protectors. Prudential plc provides life and health insurance and asset management to 17 million customers across 20 markets in Asia and Africa. We are headquartered in Hong Kong and have dual primary listings on the Stock Exchange of Hong Kong and the London Stock Exchange. We are focused on four strategic regions: Greater China, ASEAN, India and Africa. Our customers are served by around 55,000 agents and more than 200 bank partners. Prudential plc is not affiliated in any manner with Prudential Financial, Inc., a company whose principal place of business is in the United States of America or with the Prudential Assurance Company, a subsidiary of M&G plc, a company incorporated in the United Kingdom.

Find out more at www.prudentialplc.com Follow us on LinkedIn