Pricing Assistant Manager

Zurich Insurance; Kuala Lumpur; On-site; MYR 80,000 - 100,000; Full time

Benefits offered by this job

Training and development opportunities

Encouragement of community involvement

Job summary

A leading insurance firm is seeking a Pricing Assistant Manager in Kuala Lumpur. The successful candidate will lead product pricing initiatives, working closely with stakeholders to ensure compliance and accuracy. You will require a Bachelor's degree in Actuarial Science and have at least 4-5 years of experience in insurance product pricing. The role demands strong analytical and communication skills, alongside a proactive approach to problem-solving. We value diversity and inclusion and encourage all qualified candidates to apply.

Qualifications

• Minimum 4-5 years of experience in insurance product pricing or related field.
• Ability to work independently and manage multiple priorities.
• Familiarity with regulatory requirements and product submission processes.

Responsibilities

• Lead the pricing process for assigned new products.
• Conduct and document User Acceptance Testing (UAT) for product verification.
• Provide ongoing technical advice and support to operations.

Skills

Strong analytical and problem-solving skills

Excellent communication and stakeholder management skills

Proficient in pricing models and actuarial tools

Education

Bachelor’s degree in Actuarial Science

Tools

Actuarial tools

Job description

Overview

Pricing Assistant Manager at Zurich Insurance. Role involves proactive end-to-end pricing for new product development, working with minimal supervision, leading pricing projects, cross-department collaboration, ensuring regulatory and business requirements, and guiding junior team members.

Key Responsibilities

• Product Pricing & Development: Lead the pricing process for assigned new products, ensuring timely and accurate delivery; independently test and validate pricing models and tools, ensuring their reliability and compliance; compile and review product features, pricing assumptions, and profitability analysis with minimal guidance; critically evaluate product specifications and documentation during product development, ensuring consistency with pricing strategy and regulatory requirements; review policy documents and marketing materials, providing comprehensive feedback to ensure alignment with product design, pricing, and regulatory standards; prepare and present pricing reports for internal and regional approvals; coordinate and compile supporting documentation for new product submissions to BNM.


• System Support: Independently conduct and document User Acceptance Testing (UAT) for product and system value verification; identify and resolve discrepancies between system calculations and actual pricing or product functionality; lead updates and maintenance of Front End and Back End systems related to product pricing; perform and oversee ad hoc calculations as required, ensuring accuracy and timeliness; collaborate effectively with stakeholders including IT, New Business, Servicing, and other relevant teams.


• Technical & Operational Support: Provide ongoing technical advice and support to operations and cross-functional departments; share expertise with junior team members and support their development.


• Ad Hoc Responsibilities: Support other pricing and product-related initiatives as assigned by management; champion process improvements and contribute to a culture of continuous learning and innovation within the team.

Qualifications and Experience

• Bachelor’s degree in Actuarial Science


• Minimum 4-5 years of experience in insurance product pricing or related field


• Strong analytical and problem-solving skills; ability to work independently and manage multiple priorities


• Proficient in pricing models, actuarial tools, and data analysis


• Excellent communication and stakeholder management skills


• Familiarity with regulatory requirements and product submission processes


• Experience with UAT and system support is an advantage

Zurich is an equal opportunity employer. We value diversity and inclusion, and we welcome applicants from all backgrounds. We offer training and development opportunities and encourage involvement in volunteering and community activity.

Location: MY - Kuala Lumpur

Schedule: Full Time

Recruiter: Jesreena Kaur