Pricing Executive

Zurich 56 Company Ltd; Kuala Lumpur; On-site; MYR 100,000 - 150,000; Full time

Job summary

A leading insurance company in Kuala Lumpur is looking for a strategic Senior Pricing Executive to enhance competitiveness and profitability. Responsibilities include developing pricing strategies, collaborating with Sales, Marketing, and Finance teams, and supporting system updates. Candidates should have a Bachelor's degree in actuarial science and at least 2 years of relevant experience, with an advantage for those with Life Takaful experience. Join a culture that values diversity and continuous improvement while working for a respected organization.

Benefits

Diversity and Inclusion initiatives

Access to comprehensive training and development opportunities

Volunteering and community activity involvement

Qualifications

• Minimum 2 years of experience in product/pricing field.
• Life Takaful experience is an advantage.

Responsibilities

• Develop and implement pricing strategies for products.
• Collaborate with Sales, Marketing, Finance, and Product Management.
• Conduct UAT on product testing and system verification.

Skills

Analytical skills

Strategic thinking

Collaboration

Education

Bachelor’s degree related to actuarial science

Job description

About the Role

We are seeking a strategic and analytical Senior Pricing Executive to join our team. In this role, you will be responsible for developing and implementing pricing strategies that maximize profitability, enhance competitiveness, and support business growth. You will collaborate closely with cross-functional teams including Sales, Marketing, Finance, and Product Management.

Key Responsibilities

For the pricing of a new product assigned:

• Provide basic pricing service under supervision of a more experienced pricing officer in order to fulfill routine business requirements.
• Work under minimal supervision in becoming familiar with the product pricing process.
• Test pricing models and tools.
• Tabulate the product features and pricing assumptions.
• Calculate the profitability of a new product.
• Understand and review product specification during the new product development process.
• Review policy documents, marketing materials to ensure alignment with product design and pricing and provide appropriate feedback with regards to regulatory requirement.
• Prepare pricing report for internal and regional approval.
• Prepare product documentation and compile relevant supporting documents for a new product submission to BNM.

Front End and Back End system support under minimal supervision:

• Conduct and document results of UAT on product testing and system value verification.
• Identify gaps (if any) between system and actual calculation or system functionality.
• Support the update and maintenance of Front End and Back End System.
• Provide assistance in adhoc miscellaneous calculations.
• Able to collaborate with various stakeholders, such as IT, New Business, Servicing, etc.

Ad Hoc support :

• Provide on-going technical support to various operations departments.

Job Requirements

• Bachelor’s degree related to actuarial science.
• At least 2 years) of working experience in the related product / pricing field is required for this position.
• Added advantage for candidates with Life Takaful experience.

At Zurich we are proud of our culture. We are passionate about Diversity and Inclusion. We want you to bring your whole self to work we have a diverse mix of customers, and we want our employee base to reflect that.

Our diversity and inclusion initiatives are creating an environment where everyone feels welcome regardless of protected characteristics. With the above in mind, we accept applications from everyone regardless of your background, beliefs, or culture.

We are committed to continuous improvement, and we offer access to a comprehensive range of training and development opportunities. Zurich is passionate about supporting employees to help others by getting involved in volunteering, charitable and community activity.

So, make a difference. Be challenged. Be inspired. Be supported, Love what you do. Work for us.

You are the heart & soul of Zurich!

At Zurich, we like to think outside the box and challenge the status quo. We take an optimistic approach by focusing on the positives and constantly asking What can go right? We highly value the experience and know-how of our employees and offer a wide range of opportunities across business areas to encourage you to apply for new opportunities within Zurich when you are ready for your next career step. We’re proud to have earned Great Place To Work® Certification™. Our company culture is our top priority! #GPTWcertified

Let’s continue to grow together!