Pricing Manager

4 weeks ago

Kuala Lumpur, Malaysia bolttech Full time
Job Description

In this position you will....

...be providing pricing expertise, guidance, recommendations, and implementation of pricing strategies with senior business stakeholders, Business Development, Commercial and Digital Product, Underwriting, Finance and IT development teams. You will also be supporting Head of Pricing in seeking and/or providing pricing approval in accordance with the internal risk management framework of delegated pricing authorities - Device Protection CEO, CFO and Chief Product Officer. You will lead new commercial and/or optimization projects, support other strategic pricing projects such as but not limited to new country launch, new product launch (Early Upgrade Program, and pricing for refurbished devices).

You will be responsible for...
Leading, managing and providing guidance to pricing team members in:
  • Examining and assessing data from a variety of sources, ranging from competitors pricing data to customer segment profiles and cost data. Leveraging knowledge or prior experience to assess and update pricing assumptions, evaluate pricing strategies and to develop, present and defend logical conclusions, recommendations, and implementation strategies/plans
  • Performing claims experience study using generalised linear models, regression, and other advanced statistical methodologies. Contributing to the team's actuarial capability development and actuarial knowledge base through feeding back best practices and statistical analysis tools and techniques
  • Collaborating with the relevant stakeholders to understand the product requirements, align interest, solve the right problem to manage performance and add-value to business
  • Developing, reviewing, and improving pricing models, framework, design, control, create business cases for new products and enhancements to existing products, such as early upgrade programs, trade-in value proposition, pricing for refurbished devices
  • Identifying of opportunities to improve product, pricing, and cost to achieve sales, revenue, and profit growth
  • Maintaining in depth knowledge of partner businesses, product offerings and Device Protection development and General Insurance space in the global markets
  • Implementing new commercial and/or optimization projects and execution


For you to be successful...

...we expect you to be able to demonstrate the following key competencies:

Impactful
  • Focused on objectives and identifies activities and key results required to meet them
  • Evaluates data and makes decisions, including differing stakeholder perspectives and/or some missing information. Understands when an "80% solution" is sufficient and acts accordingly
  • Takes accountability and self-motivated to deliver results even in situations which are not straight-forward


Curious
  • Actively seeks to learn from others and is inquisitive in order to increase knowledge and competence. Expands understanding of team's key activities for improved collaboration
  • Demonstrates reflection and solicits feedback from others. Evaluates and learns from set-backs and adversity


Collaborative
  • Partners with a range of people to create trust, and co-create and deliver mutually beneficial outcomes
  • Develops collaborative and dynamic working relationships to achieve the best possible outcomes


Communication
  • Effective and articulate communicator actively and respectfully listens to and synthesizes others' perspectives
  • Concise in communicating and references relevant information tailored to the audience to support points


Adaptable
  • Looks to understand bigger picture rationale for changes and adapts in a flexible and nimble manner
  • Flexible in successfully juggling multiple requirements, ambiguity and competing demands. Perseveres in challenging circumstances


You will require the following qualifications and skills

  • Candidate must possess University education or above majored in actuarial sciences or equivalent and Actuarial Fellowship qualification
  • At least 10+ years' relevant experience in insurance pricing or product functions with advanced modelling skills
  • Proven experience in project management and supervisory capabilities
  • Must have strong mathematical skill and the ability to provide solutions to business queries in large data sets
  • Must be self-motivated, organised and able to meet deadlines with assignments
  • Experience in developing and presenting recommendations related to product/pricing actions
  • Proven ability to work effectively in a 'networked' structure that leverages multiple 'Center of Excellence' and experts
  • Excellent communication skills in writing, verbal communication and presentation; of connecting with multiple stakeholders and articulating lines of reasoning
  • Exceptional stakeholder management skills to interact with both technical and non-technical stakeholders


About Us

bolttech is an international insurtech with a mission to build the world's leading, technology-enabled ecosystem for protection and insurance. With a full suite of digital and data-driven capabilities, bolttech powers connections between insurers, distributors, and customers to make it easier and more efficient to buy and sell insurance and protection products.

We're a global team of pioneers, united by our ambition to build the future of our industry. Our team are growing our footprint all the time, serving millions of customers and partners around the world. We believe we are uniquely positioned as transformation leaders, because we are at the intersection of insurance and technology.

DIVERSITY AND INCLUSION

At bolttech, we are diverse and inclusive. We value each person's unique skills, background, and identity. We never discriminate on cultural background, religion, sex, gender, gender identity or expression, sexual orientation, age, disability, veteran status, genetic information, marital or family status or any legally protected status. Everyone belongs. And because everyone's different, we're also flexible in the ways we work, so each person can bring their best efforts every day.

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