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Assistant Manager, Pricing role at Prudential in Kuala Lumpur—focus on product pricing, model development, and retakaful solutions.
Ideal for actuarial professionals with experience in Prophet, VBA, and competitive pricing strategies in the Takaful insurance sector.
Prudential’s purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and we support our people’s career ambitions. We pledge to make Prudential a place where you can Connect, Grow, and Succeed.
Product Pricing
1. Product Pricing- Conduct Product Pricing with management of financial and operational risks Product Pricing
Set profitable and sustainable pricing and maintain competitiveness in the market
Support on quotations for tailored group employer scheme
Produce product submission for PCA and BNM and assist on enquiries.
Ensure product pricings complies to requirements set by SOP, PCA and BNM
To ensure product pricing works are accurate, complete and submitted on time
Pricing Approach
2. Pricing Approach- Maintain and implement sound Pricing Approach/ Model/ Basis
Proper documentation of methodology and bases.
To run pricing model that is consistent with the Company’s takaful model and profitability measures.
Ensure jobs are accurate, complete and submitted on time.
Product Implementation
3 . Product Implementation- To provide timely and effective Product Implementation support
To perform testing on system as per Pricing UAT SOP and ensure completeness and accuracy.
To provide actuarial support in terms of product materials, system requirement/ development, sale illustration, UAT, etc.
Ensure jobs are accurate, complete and submitted on time.
Retakaful
4. Retakaful - Cost effective and efficient Retakaful put in place for all new products before launch
To support works when liaising with Retakaful Operators to obtain competitive retakaful rates as well as supports on pricing and product design, as well as underwriting and claims management.
Qualification and Experience
Qualification and Experience:
Degree in Mathematics/Statistics/Actuarial Science or other related course.
Good progress in the Actuarial professional examinations (IOA/IOAA/SOA).
Competent in actuarial software (ideally Prophet) and Microsoft Office application (Excel, VBA, Word, Power Point) and any other programming language
Good communication skill
Good command in English & Bahasa Malaysia
Good analytical and problem solving skills
Able to work under pressure and deliver within tight deadlines.
Driven by high desire to acquire knowledge and to deliver results
Prudential is an equal opportunity employer. We provide equality of opportunity of benefits for all who apply and who perform work for our organisation irrespective of sex, race, age, ethnic origin, educational, social and cultural background, marital status, pregnancy and maternity, religion or belief, disability or part-time / fixed-term work, or any other status protected by applicable law. We encourage the same standards from our recruitment and third-party suppliers taking into account the context of grade, job and location. We also allow for reasonable adjustments to support people with individual physical or mental health requirements.