Indirect Contract, Associate

4 weeks ago

Kuala Lumpur, Kuala Lumpur, Malaysia Great Eastern Malaysia Full time
Position: Associate, Product Pricing

Discover the GREAT in your career.

As a LIFE company, our customers are at the heart of all that we do. Being one of Asia's leading insurer for over a century, we have built a long-lasting legacy of trust with our customers over many generations. At the foundation of this trust is Integrity, Initiative, and Involvement - from the way we treat every customer relationship with honesty and transparency, to our proactive approach of delivering the best possible solutions in both life and general insurance.

Integrity, Initiative, and Involvement is what guides us. It is what makes us do the right thing, take the lead, and choose 'we' over 'me'. Our mission is to make life great for our customers because we understand what matters most to them, and we know how to help them protect it.

If you are looking to grow in an exciting career filled with opportunities and potential, we are seeking a professional to join our team as Associate, Product Pricing.

The Role:
  • Ensure products are designed and priced in accordance with Pricing Policy.
  • Ensure design of products in compliance with relevant Act, Regulations Efficient documentation and Guidelines
  • Prepare assessment on product design and risks
  • Review product write-ups
  • Recommend and prepare pricing assumptions
  • Prepare and validate policy values, premium rates, profit test results
  • Prepare Pricing Committee presentation materials.
  • Prepare BNM Product Documentations, sales materials and other filing documents
  • Prepare PAD & PPRT for GPMAC product filing
  • Provide actuarial assistance for:
  1. Product administration and maintenance issues
  2. Life System and Sales Illustration System Testing
  3. Ad-hoc miscellaneous calculations
  • Ensure efficiency & adequacy of pricing control & process
  • Prepare annual product review and actuarial experience studies
  • Provide support to pricing team members
  • Prepare quotation for Group schemes
  • Maintain awareness of industry trends on regulatory compliance, emerging threats and technologies in order to understand the risk and better safeguard the company
  • Highlight any potential concerns /risks and proactively shares best risk management practice.
  • Other responsibilities entailed
The Person:
  • Possessed a recognized Tertiary in Statistics / Maths / Actuarial Studies Professional
  • Experiences in life insurance industry with basic knowledge in underwriting, claims, servicing and agency administration.
  • Sufficient understanding in life insurance actuarial principles
  • Fresh graduate can be considered but with good results in actuarial.
  • 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
Great Eastern Malaysia is committed to Equal Employment Opportunity, and all qualified applicants shall receive a fair and equal consideration for employment.

Location: HQ, Kuala Lumpur

Entity: Great Eastern Life Malaysia

Employment Type: Permanent

To all recruitment agencies: Great Eastern does not accept unsolicited agency resumes. Please do not forward resumes to our email or our employees. We will not be responsible for any fees related to unsolicited resumes.

About Great Eastern

Established in 1908, Great Eastern places customers at the heart of everything we do. Our legacy extends beyond our products and services to our culture, which is defined by our core values and how we work. As champions of Integrity, Initiative and Involvement, our core values act as a compass, guiding and inspiring us to embrace the behaviours associated with each value, upholding our promise to our customers - to continue doing our best for them in a sustainable manner.

We work collaboratively with our stakeholders to look for candidates who exhibit or have the potential to embrace our core values and associated behaviours, as these are the key traits that we expect from our employees as they develop their careers with us.

We embrace inclusivity, giving all employees an equal opportunity to shine and play their role in exploring possibilities to deliver innovative insurance solutions.

Since 2018, Great Eastern has been a signatory to the United Nations (UN) Principles of Sustainable Insurance. Our sustainability approach around environmental, social, and governance (ESG) considerations play a key role in every business decision we make. We are committed to being a sustainability-driven company to achieve a low-carbon economy by managing the environmental footprint of our operations and incorporating ESG considerations in our investment portfolios; improving people's lives by actively helping customers live healthier, better and longer; and drive responsible business practices through material ESG risk management.

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