Pricing, Senior Executive

Tokio Marine Life Insurance Malaysia Bhd; Kuala Lumpur; On-site; MYR 70,000 - 90,000; Full time

Job summary

A leading life insurance company in Kuala Lumpur is seeking a candidate to assist in product pricing activities, ensuring compliance with policies and financial soundness. The ideal candidate should have a Bachelor's in Actuarial Science, at least 2 years of experience, and proficiency in Microsoft Excel. This role involves supporting various functions, performing analyses, and maintaining documentation in a fast-paced environment.

Qualifications

• Minimum of 2 years working experience in the Actuarial field.
• Experience in Product Pricing role is preferred.
• Good technical, analytical, and programming skills.

Responsibilities

• Assist in product pricing activities and compliance with guidelines.
• Involve in product development and support various functions.
• Perform UAT for pricing-related system setups.
• Ensure documentation for all completed tasks.
• Provide support to stakeholders for business processes.

Skills

Microsoft Office proficiency

Analytical skills

Detail-oriented

Actuarial knowledge

Education

Bachelor's Degree in Actuarial Science

Tools

Microsoft Excel

DCS

Prophet

Job description

Responsible to assist Supervisor/HOD in carrying out day to day product pricing activities and provide on-going pricing-related support to operation teams and all distribution channels. To ensure all day-to-day tasks are carried on a financial sound basis and comply with both internal policy & regulatory guideline.

Job Responsibilities

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.

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.

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.

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

Ensure high quality of work.

Job Requirements

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

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

Excel in using Microsoft Office, especially Microsoft 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.