Manager, Actuarial Product Pricing

3 days ago

Kuala Lumpur, Kuala Lumpur, Malaysia GREAT EASTERN Full time

GREAT EASTERN WP. Kuala Lumpur, Federal Territory of Kuala Lumpur, Malaysia

As a LIFE company, our customers are at the heart of all that we do. Being one of Asia's leading insurers 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.

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 Manager, Actuarial Product Pricing.

Job Purpose

To be responsible for timely and accurate delivery of pricing terms and reinsurance solutions while meeting the company's minimum requirements. This role also requires the individual to be involved in end-to-end pricing process including assumption setting, modelling, treaty agreement and regular monitoring of pricing adequacy.

The Job

  • Develop/ review best estimate pricing assumptions to provide pricing proposals.
  • Review of pricing methodology and models that meet the internal and regulatory requirements.
  • Ensure compliance with internal product and pricing policies, processes, profit margins, external regulatory guidelines and country mandate.
  • Provide support in reviewing and negotiating treaty terms of new products and ensure treaties are signed timely and accurately.
  • Perform actuarial research and competitor analysis to maintain an understanding of industry trends and assess feasibility of various possible pricing solutions.
  • Support marketing and business development in building and maintaining effective relationships with stakeholders.
  • Play a supporting role in actuarial and pricing related projects and company-wide initiatives.
  • Takes accountability in considering business and regulatory compliance risks and takes appropriate steps to mitigate the risks.
  • 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 practices.
  • Other responsibilities entailed.

Our Requirements

  • A Bachelor's Degree in Actuarial Science.
  • Knowledge on: Actuarial models (Intermediate), Industry standards, regulations and policies (In-depth), Own job discipline (Advanced).
  • Completed Preliminary actuarial exams in one of the actuarial associations recognised by BNM.

Skillsets & Competencies

  • Good communication skills: Written and verbal.
  • Relevant computer skills: Macro, Visual Basic, Excel, Word, etc.
  • Skill in product modeling and projection, Data Analysis.
  • Actuarial Knowledge, Product Knowledge and Development, Microsoft Word, Excel & PowerPoint, Database, Actuarial Application.
  • 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.

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.

Seniority level

Mid-Senior level

Employment type

Full-time

Job function

Other

Industries

Insurance

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