PBTB | Manager, Pricing

Prudential plc; Kuala Lumpur; On-site; MYR 180,000 - 260,000; Full time

Job summary

Prudential plc in Kuala Lumpur is seeking a Pricing Manager to lead end-to-end pricing development, using actuarial knowledge to support growth and profitability. You will build robust pricing models, set assumptions, and ensure pricing integrity across distribution channels.

The role requires strong leadership to guide a pricing team, collaborate with product, risk, and compliance, and deliver pricing that is competitive while meeting regulatory and company standards.

Qualifications

• Proven actuarial modelling experience in pricing roles.
• Strong pricing strategy and product profitability focus.
• Experience leading pricing teams and cross-functional collaboration.

Responsibilities

• Lead development of pricing models with governance to ensure profitability.
• Provide actuarial guidance for new product pricing and risk controls.
• Oversee end-to-end pricing delivery including implementation.
• Collaborate with product, distribution, and compliance to meet pricing standards.
• Manage retakaful cost structures and insurer relationships.

Skills

Actuarial modelling

Pricing strategy

Leadership

Tools

Pricing software

Actuarial tools

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 Manager plays a leading role 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 lead their team and support the Supervisor/Head of Pricing to deliver end to end product pricing inclusive implementation. The role holder is required to use his/ her actuarial knowledge and skills:

• To lead and provide insights on the development of robust pricing model & process with sound actuarial basis and consistency with company takaful model, shariah and profitability requirement.
• To drive and provide actuarial guidance & insights in developing innovative product with good risk management controls, price profitable and competitive product while ensuring strict adherence to pricing requirements set by Prudential Group and Bank Negara Malaysia.
• Provide leadership to the team and assist the Supervisor in meeting project objectives, managing deliverables across a variety of initiatives, including those that extend beyond conventional Pricing and Actuarial projects.
• To drive actuarial items and provide actuarial guidance & insights to product Provide actuarial expertise and insights to the product implementation committee, supporting timely and effective execution of product initiatives.
• To lead and provide insights in implementing cost-effective and efficient retakaful arrangements 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.

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.