PBTB | Assistant Manager, Pricing

Prudential plc; Kuala Lumpur; On-site; MYR 110,000 - 180,000; Full time

Job summary

Prudential plc Malaysia seeks a Pricing Assistant Manager to support end-to-end product pricing within the takaful framework. You will assist in pricing development, model validation, and ensuring financial integrity across distribution channels, while guiding junior team members and coordinating with cross-functional committees.

Responsibilities include maintaining pricing models, aligning with Prudential Group standards and Bank Negara Malaysia requirements, and providing actuarial expertise

Qualifications

• Min 2 years of relevant working experience (ideally pricing)
• Degree in Mathematics/Statistics/Actuarial Science or related course
• Good progress in actuarial professional examinations (IOA/IOAA/SOA)
• Competent in actuarial software (Prophet) and MS Office (Excel, VBA, Word, PowerPoint) and programming language
• Good communication and analytical skills
• Ability to work under pressure and meet deadlines

Responsibilities

• Guide junior team members and support the Supervisor in end-to-end product pricing
• Develop and price products within the takaful framework with risk management controls
• Maintain pricing models and support cross-functional Committees for timely, compliant launches
• Provide actuarial expertise to facilitate product launches and pricing accuracy
• Support optimal re-takaful arrangements to balance risk and cost
• Adhere to Prudential Group standards and Bank Negara Malaysia pricing requirements

Skills

Prophet

Excel

VBA

Word

PowerPoint

Programming

Communication

Analytical

Education

Mathematics/Statistics/Actuarial Science

Actuarial examinations (IOA/IOAA/SOA)

Tools

Prophet

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.