Actuarial Pricing Assistant Manager from a life insurer (Malaysia)
About the Job
To support end-to-end product pricing process and involve in premium rating process to ensure competitiveness of the products as well as to ensure profitability of the products to meet the required return to shareholders.
- Perform pricing and profit test for products using established models.
- Ensure compliance with internal product and pricing policies, processes, profit margins and external regulatory guidelines to obtain approval / filing for product launches.
- Work with internal functions to integrate new Individual Life / Accident & Health product features into their day-to-day operational activities.
- Assist in handling routine and standard queries from stakeholders.
- Assist in actuarial related pricing parameters set up for new products.
- Assist in setting up benefit illustrations programs for system validation.
- Plays a supporting role in actuarial and pricing related projects and company-wide initiatives.
- Analyse and interpret data to uncover trends and establish findings towards adding value to business through making better informed decisions.
- Supporting pricing initiatives across all distribution channels through data analytics.
- Takes accountability in considering business and regulator compliance risks and takes appropriate steps to mitigate the risks.
- Maintains awareness of industry trends on regulatory compliance, emerging threats and technologies in order to understand the risk and better safeguard the company.
- Highlights any potential concerns / risks and proactively shares best risk management practices.
We are looking for people who
-Bachelor's Degree in Actuarial Science
- Passed or have exemptions in Preliminary actuarial exams in one of the actuarial associations recognised by BNM
- Knowledge on:
I. Actuarial theories, practices and procedures
II. Actuarial models (Intermediate)
III. Statistical packages or programming (e.g. Prophet, Visual Basic, SQL, SAS)
- Exposure or experience in reinsurance strategy, structures, pricing or management is
encouraged
- Skillsets:
I. Good communication skills: Written and verbal
II. Relevant computer skills: Macro, Visual Basic, Excel, Words, etc.
III. Prophet: Skill in product modelling and projection
IV. Data analysis
- Competencies:
I. Actuarial Knowledge
II. Product Knowledge and Development
III. Microsoft Words, Excel & PowerPoint, Database
IV. Actuarial Application
V. Passion for Excellence
VI. Information Seeking
VII. Analytical Thinking
VIII. Good customer service (internal and external)
IX. Concern for Order and Quality
- High level of integrity, takes accountability of work, and good attitude over teamwork.
- Takes initiative to improve current state of things and adaptable to embrace new changes.
How you succeed
- Champion and embody our Core Values in everyday tasks and interactions.
- Demonstrate high level of integrity and accountability.
- Take initiative to drive improvements and embrace change.
- Take accountability of business and regulatory compliance risks, implementing measures to mitigate them effectively.
- Keep abreast with industry trends, regulatory compliance, and emerging threats and technologies to understand and highlight potential concerns/ risks to safeguard our company proactively.