Senior Manager, Product Pricing

  • 38062
  • Life - Actuarial
  • |
  • Malaysia
  • |
  • Aug 27, 2020
Insurance
RESPONSIBILITIES
  • Ensure pricing of new products and repricing of existing products are delivered on a timely basis, based on the standards required by Group Office and in compliance with BNM regulatory requirements.
  • Negotiate with re-takaful operators to obtain suitable coverage for the companyat the appropriate terms and conditions.
  • Proactively and frequently improve the product pricing process through automation, Prophet pricing, and reconciliation with valuation model.
  • Ensure products are administered correctly in the system via robust User Acceptance Testing procedures.
  • Provide peer review of large and customized quotes issued by Corporate Solutions to cater for the risk appetite of the company.
  • Effectively communicate pricing outcome and key sensitivities during Product Steering Committee and Product Development Committee.
  • ​- Drive and lead ad-hoc projects based on emerging business needs. - Develop technical competency/development plan for direct reports.
  • Perform other responsibilities and duties periodically assigned by supervisor in order to meet operational and/or other requirements.
  • Engagement with BNM officers, internal auditors, Group Office, Head of Products, system developer, and senior management.
QUALIFICATIONS
  • Bachelor’s Degree or Master Holder, preferably in Actuarial Science or other educational background with significant mathematical and analytical courses.
  • Near fellowship of an internationally recognized actuarial body.
  • Candidate should have 8 years of actuarial experience, with at least 2-3 years in actuarial pricing.
  • Detail-oriented and ability to work independently.