Manager Pricing

  • 35016
  • Life - Actuarial
  • |
  • Malaysia
  • |
  • Apr 1, 2019
Insurance
RESPONSIBILITIES
  • Participate in the product development process with other relevant Departments. Provide technical support and specifications with respect to new insurance products.
  • Recommend appropriate pricing assumptions and profitability targets. Undertake pricing of products based on agreed pricing assumptions and profitability targets in Prophet and Excel. Correct and timely pricing of products.
  • Accurate and timely provision of actuarial support to Product Implementation Team. This includes review of policyholder documentation / sales materials, formula specs for Sales Illustrations, review of test plans, etc.
  • Model and analyze Prophet model office for new products / modifications. This will include all financial output where Prophet is used. Perform reasonable checks as appropriate. Interpret and communicate results to Actuarial Manager/ Senior Manager / Head of Pricing. Accurate and timely production of financial output.
  • Participate in assessing risks inherent in a new product, communicate implications effectively and identify mitigating solutions to manage risk.
  • Participate in various company-wide business initiatives. This includes: system upgrade initiatives, business retention and solutioning, product and process reviews, regulatory change requirements.
  • Provision of general actuarial advice and expertise to address policyholder/agent/regulatory queries where necessary. Ensure information provided is accurate, sufficiently detailed to the audience intended and addresses issues at hand.
  • Provide general supervision to the team as a senior member, ensuring consistent career growth and learning opportunities provided to all team members.
QUALIFICATIONS
  • University education.
  • A least 3 years of actuarial experience in life insurance.
  • Actuarial knowledge and skills in various aspects of insurance business, e.g. product design and pricing.
  • Good project management and communication skills.