Pricing, Senior Executive

Tokio Marine Life Insurance; Kuala Lumpur; On-site; MYR 60,000 - 80,000; Full time

Job summary

A leading insurance company in Kuala Lumpur is seeking an Actuarial Pricing Specialist. The successful candidate will ensure all pricing activities comply with internal and regulatory standards, provide ongoing support to various business units, and assist in product development. Candidates should possess a Bachelor's Degree in Actuarial Science and have at least 2 years of experience in a product pricing role. Proficiency in Microsoft Excel and familiarity with actuarial software is required. This position emphasizes detail orientation and the ability to work under pressure.

Qualifications

• At least 2 years of working experience in the actuarial field, preferably in product pricing role.
• Good understanding of actuarial principles and practices.

Responsibilities

• Ensure product pricing activities comply with internal policies and regulations.
• Provide ongoing pricing support to key stakeholders.
• Assist in product development and preparation of approval materials.

Skills

Microsoft Excel

Programming knowledge

Technical and analytical skills

Detail-oriented

Education

Bachelor's Degree in Actuarial Science

Tools

DCS

Prophet

Job description

Job Responsibility

• Ensure all product Pricing activities adhere to relevant internal policies and regulatory guidelines.
• Ensure all product Pricing activities are financially and business sound.
• Actively involved in product development cycle and provide pricing related support to various functions, including but not limited to operations, risk management, compliance, marketing etc.
• Assist in proper setup of sales illustration, e-submission platform & backend system for pricing related items.
• Assist in performing comprehensive UAT to ensure setup is as expected.
• Assist in preparing product filing approval materials, eg, submission to BNM and TMA approval.
• Assist in performing reinsurance support assessment before product launching.
• Ensure proper documentation for all the works done.

Business Support

Provide on-going pricing-related support to other key stakeholders (e.g. new business, claims, customer services, distribution channels etc.) to support day to day business processes and queries.

Provide on-going support to distribution channels in assessing various business proposals to ensure it is financially and business sound.

Perform various business analyses from time to time to identify and address sales and product issues.

Process Improvement

Ongoing improvement to the processes of current day-to-day tasks 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.

Others

Any Special Projects and Ad Hoc Tasks as assigned by supervisor/ HOD.

Ensure high quality of work.

Job Requirement

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

At least 2 year(s) of working experience iin Actuarial field, preferably in Product Pricing role

Excel in using Microsoft Office, especially Microsfot Excel, plus point to have good knowledge in programming and software such as DCS and Prophet.

Good technical and analytical skills

Detail-oriented, efficient, self-motivated, and able to work under pressure.

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

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