Actuarial Pricing Intern

1 month ago

Kuala Lumpur, Malaysia Prudential plc Full time
Prudential's 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 people's career ambitions. We pledge to make Prudential a place where you can Connect, Grow, and Succeed.

The Pricing Intern is required to do the day to day works in terms of product management by supporting delivery of the Company's growth strategies through innovative product development, assumption setting, modelling, profit testing, ensuring integrity of the pricing model, meet pricing standards, and ensuring financial integrity within the distribution channel compensation.

The role holder is required to use his/ her actuarial knowledge and skills:
  • To assist in developing innovative product with good risk management controls, price profitable and competitive product while ensuring strict adherence to pricing requirements set by Prudential Group and Bank Negara Malaysia.
  • To ensure the pricing approach is based on sound actuarial basis
  • To assist the development of robust pricing model & process with sound actuarial basis and consistency with company takaful model, shariah and profitability requirement.
  • To provide actuarial support to product implementation committee for timely and effective product implementation
  • To ensure product pricing and development is compliance to Local business unit and Group policies as well regulator guidelines.
  • To assist in implementing cost-effective and efficient retakaful arrangements

The role holder shall uphold integrity and value of the organization by adhering to company core value, code of conducts and policies.

The role holder shall uphold integrity and image of actuarial profession by adhering to actuarial standards of practices and codes of professionalism.

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.

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