Senior Product & Pricing Leader (Actuarial & Strategy)

Sun Life Malaysia Assurance Berhad; Kuala Lumpur; On-site; MYR 180,000 - 300,000; Full time

Job summary

Sun Life Malaysia Assurance Berhad is seeking a senior Product Pricing leader to oversee pricing strategy across conventional and takaful products, ensuring profitability and regulatory compliance while coordinating with actuarial, distribution, and operations teams.

You will lead a 30-40 person team (3-4 direct reports), coach staff, and drive pricing initiatives, product launches, and profitability analysis for Management and Regional reviews across multiple distribution channels.

Qualifications

• Bachelor’s degree or above in Actuarial Science / Statistics or relevant.
• A fellow member of an actuarial society, or near to qualification.
• At least 10 years of related working experience.
• Strong managerial experience, with ability to manage senior members.
• Being able to manage the team to deliver quality work within designated timeline.
• Being able to communicate effectively with external parties such as the other team leads, auditors, regulators, Management, and partners.
• Possesses strong knowledge on business and fundamental actuarial principles to provide analysis and recommendation from the results generated.
• Familiar with Malaysian regulatory framework.

Responsibilities

• Manage end-to-end Product Pricing/Re-pricing Initiatives.
• Work with all internal stakeholders including marketing and operations in all stages of product development and advice on feasibility from product design and pricing perspective.
• Engage and influence to reach an optimal arrangement for product pricing and launch.
• Ensure the team proposes sound and reasonable product design and assumptions, and also balanced pricing that meets profitability and client value.
• Assess reinsurance arrangements, including negotiating with the reinsurers to obtain competitive quotes.
• Ensure the team delivers full product pricing and profitability analysis for Management approval and Regional Office Peer Review team review, in compliance to internal and regulatory guidelines and requirements.
• Ensure regulatory compliance for product design, fee and charges, and valuation basis.
• Ensure high standards and structure of documentation for reference and audit.
• Oversee and manage the team to bring their maximum capability.
• Provide coaching and guidance to the team, help to develop necessary skills, including technical actuarial skills and soft skills.
• Periodically assess staff performance and communicate with them to improve the performance.
• Evaluate business case for new distribution channel / partner and assess potential profitability / drawbacks.
• Participate in projects that elevate and optimize the company's profitability, such as reinsurance optimization.
• Participate in projects that bring additional value to the team and the company, such as automation projects that optimize work/results.
• Work with internal stakeholders to obtain financial measures for product monitoring.
• Perform timely analysis and monitoring, and elevate if product fails to perform.
• Suggest changes to product if it does not perform as expected.

Skills

Strong managerial experience

Communication with external parties

Actuarial knowledge

Education

Bachelor’s degree or above in Actuarial Science / Statistics or relevant

Job description

Sun Life Malaysia Assurance Berhad is seeking a senior Product Pricing leader to oversee pricing strategy across conventional and takaful products, ensuring profitability and regulatory compliance while coordinating with actuarial, distribution, and operations teams.

You will lead a 30-40 person team (3-4 direct reports), coach staff, and drive pricing initiatives, product launches, and profitability analysis for Management and Regional reviews across multiple distribution channels.