PBTB | Assistant Manager, Pricing

Prudentials 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 peoples career ambitions. We pledge to make Prudential a place where you can Connect Grow and Succeed.

Role and Responsibility :

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

To enhance current pricing process to improve effectiveness and efficiency.

To guide the junior team member and assist Supervisor in setting profitable and sustainable pricing and maintain competitiveness in the marketPricing

Approach- Maintain and implement sound Pricing Approach/ Model/ Basis

Proper documentation of methodology and bases.

To run pricing model that is consistent with the Companys takaful model and profitability measures. Ensure jobs are accurate complete and submitted on time.

To ensure the pricing approach is based on sound actuarial basis.

To implement more effective pricing model risk controls/ reconciliations.

To enhance process to improve accuracy effectiveness and efficiency

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.

To enhance current process to improve effectiveness and efficiency of product implementation job by Actuarial.

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 :

1 to 2 years of relevant working experience (Ideally pricing however valuation also can be considered)

Degree in Mathematics/Statistics/Actuarial Science or other related 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 languageGood 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.