Pricing, Executive

Tokio Marine Life Insurance Malaysia Bhd; Kuala Lumpur; On-site; MYR 45,000 - 78,000; Full time

Job summary

Tokio Marine Life Insurance Malaysia Bhd. is seeking a Pricing Executive to support pricing throughout the end-to-end product life cycle and provide business insight analysis.

The role involves ensuring profitability, compliance with MBN guidelines, and collaboration with operations, distribution channels, and other stakeholders to deliver timely, competitive pricing and insightful analysis.

Qualifications

• Candidate must possess a Bachelor's Degree in Actuarial Science.
• Sound actuarial knowledge with pricing background.
• Open for fresh graduates for executive level.
• Active pursuit of professional papers is an advantage.

Responsibilities

• Ensure products profitability meets guided margin.
• Ensure products launched are in compliance with relevant BNM guideline / TMA requirement.
• Ensure timely delivery and competitive product pricing.
• Ensure sales illustration is set up correctly with numbers and terms.
• Ensure backend system setup is correct for COI charges and premium rate.
• Perform impact assessment of BNM guidelines and concept papers.
• Provide pricing-related support to operations and channels.
• Generate special quotations with reinsurer support as needed.

Skills

Pricing knowledge

Actuarial knowledge

Education

Bachelor's Degree in Actuarial Science

Job description

Product Pricing Support throughout end-to-end product life cycle.

Operational Support for day-to-day business needs to various stakeholders.

Business Insight Analysis support.

Ongoing Process Improvement for better efficiency.

Ad Hoc Tasks as requested by supervisors.

Job Responsibility

• Ensure products profitability meets guided margin.
• Ensure products launched are in compliance with relevant BNM guideline / TMA requirement.
• Ensure timely delivery and competitive product pricing.
• Ensure sales illustration is being setup correctly including illustrated numbers, business rules control, terms and conditions, important notes etc.
• Ensure backend system is being setup correctly in terms of COI charges, premium rate etc.
• Perform impact assessment of various BNM guideline, framework, concept paper from time to time.
• To adhere to Pricing Policy at all time.
• Generate special quotation as per requested from time to time with appropriate reinsurer support.

Business Support

• Provide on-going support to other key stakeholders (e.g. operations, customer services, distribution channels etc.) to support day to day business processes and issues.
• Provide on-going support to distribution channels in assessing various business proposals to ensure it is financially and business sound.
• Provide pricing-related support in day to day operational issues.
• Perform business insight analysis from time to time to identify various improvement & business opportunities.
• Ensure high quality of work.

Process Improvement

• On-going improvement to the processes of current day to day tasks in order to increase efficiency, reduce TAT and increase quality of work.
• To provide pricing related support to other departments to improve efficiency of current business process as assigned by Supervisor/ HOD.
• Ensure high quality of work.

Others

• Any Special Projects (e.g. Product Engine etc) and Ad Hoc Tasks as assigned by supervisor/ HOD.
• Ensure high quality of work.

Job Requirement

• Candidate must possess at least a Bachelor's Degree in Actuarial Science.

At least 1 year(s) of working experience in the related field is required for this position.

Open for fresh graduates for executive level

Sound actuarial knowledge, with pricing background and is actively pursuing professional papers

Unlock job insights

Your application will include the following questions:

• Which of the following types of qualifications do you have?
• Which of the following statements best describes your right to work in Malaysia?
• What's your expected monthly basic salary?
• How many years' experience do you have as a Pricing Executive?
• Which of the following languages are you fluent in?

Tokio Marine, established in 1879 as Japan's pioneering insurance company, has evolved into one of the leading insurers with established networks worldwide, offering an extensive selection of Life and General insurance products and solutions in 46 countries/regions worldwide.

Tokio Marine Life Insurance Malaysia Bhd. (TMLM) is an integral part of the Tokio Marine Group, holding a legacy of over 75 years in Malaysia. Today, with 16 branches nationwide, TMLM is dedicated to delivering innovative life insurance solutions, ranging from financial security to wealth enhancement, and to legacy planning. Our aim is to be the preferred life insurer trusted for generations.

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