Associate, Actuarial Pricing

1 month ago


Kuala Lumpur, Malaysia Great Eastern Malaysia Full time
Job Description:

  • Ensure products are priced in accordance with the Pricing Policy.
  • Review product write-ups and assess product design.
  • Prepare product documentation and other filing documents for Bank Negara Malaysia.
  • Prepare Group quotations.
  • Provide technical justification, cost analysis, and other useful insights to assist in securing Group business.
  • Maintain the compilation of group scheme information on a monthly basis.
  • Perform user acceptance testing and assist in various testing required for system enhancements.
  • Engage with the product/sales team to discuss tailor-made product designs.
  • Perform ad-hoc calculations when requested.
  • Prepare presentation materials for the Product Development Committee.
  • Ensure product designs comply with relevant regulations and guidelines.
  • Review marketing materials.
  • Support the launch and implementation of new products.
  • Work with other departments to ensure customers are treated fairly.
  • Liaise with Retakaful operators to obtain support.
  • Prepare quarterly product launch reviews and annual product reviews.
  • Prepare annual experience studies and analyses.


Job Specification:

  • Degree in Statistics, Mathematics or Actuarial Studies
  • Passed Intermediate/Fellowship actuarial exams from Faculty of Actuaries, Scotland/ Institute of Actuaries, England/ Institute of Actuaries, Australia/ Society of Actuaries, US.
  • Good communication skills - both written and verbal.
  • Relevant computer skills - Macro, Visual Basic, Excel, Word, etc.
  • Good understanding of Takaful principles.


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