Pricing Analyst Lead

4 days ago


Kuala Lumpur, Kuala Lumpur, Malaysia Zurich 56 Company Ltd Full time
Job Description

This is a senior actuarial role that requires a seasoned professional to provide technical leadership and expertise in pricing and product development.

The successful candidate will be responsible for complex data analysis, model development, and implementation, as well as mentoring junior staff and contributing to strategic business initiatives.

Key Responsibilities:

  • Data Management and Analysis:
    • Oversee data quality and integrity, including reconciliation, risk factor management, and database maintenance.
    • Conduct advanced statistical analysis and data manipulation to inform pricing and product decisions.
    • Develop and implement data strategies to support business objectives.
  • Model Development and Validation:
    • Lead the development, implementation, and validation of complex pricing models.
    • Perform in-depth model performance analysis and recommend enhancements.
    • Stay abreast of industry best practices and emerging modeling techniques.
  • Financial Analysis and Reporting:
    • Produce comprehensive financial and statistical reports for senior management.
    • Conduct in-depth analysis of portfolio performance and identify trends.
    • Support business decision-making through insightful data-driven insights.
  • Product Development:
    • Lead pricing and product development initiatives, providing technical expertise and guidance.
    • Conduct advanced market analysis and competitor benchmarking.
    • Develop and implement pricing strategies to optimize profitability and market share.
  • Team Leadership and Development:
    • Mentor and develop junior actuarial staff.
    • Foster a collaborative and high-performing team culture.
    • Share knowledge and expertise to enhance team capabilities.
  • Regulatory Compliance:
    • Ensure adherence to actuarial standards and regulatory requirements.
    • Support local regulatory filings and global group empowerment initiatives.
  • Collaboration and Communication:
    • Effectively communicate technical information to both technical and non-technical audiences.
    • Collaborate with cross-functional teams to achieve business objectives.
    • Contribute to a positive and collaborative work environment.
Requirements

To be successful in this role, you will need:

  • A Bachelor's degree in Actuarial Science, Data Analytics, Mathematics, Statistics, or equivalent.
  • Typically two or more years of experience in related field.
  • Proven experience in actuarial pricing and product development.
  • Strong analytical and problem-solving skills.
  • Good foundation of statistical and modeling skills.
  • Good self-initiatives and mentoring abilities.
  • Proficiency in any relevant statistical software and programming languages (e.g., VBA, SAS, Python, R, or SQL).
  • Strong foundation understanding of actuarial principles and practices on pricing methodologies.
  • Excellent communication and interpersonal skills.
  • Attention to detail and accuracy.
  • Have progress towards actuarial qualifications or other professional equivalent.
  • Experience with data visualization tools.
  • Understanding of local BNM regulatory requirement in General Insurance and General Takaful landscape.
Skills

You should possess the following skills:

  • Analytical & Critical Thinking – Proficiency Level Intermediate.
  • Problem Solving - Proficiency Level Intermediate.
  • Statistical Concepts - Proficiency Level Intermediate.
  • Actuarial Pricing Concepts – Proficiency Level Intermediate.
  • Actuarial Reserving Concepts – Proficiency Level Intermediate.
  • Probability - Proficiency Level Intermediate.
  • Effective Communication - Proficiency Level Intermediate.
  • Stakeholder Management - Proficiency Level Intermediate.
  • Relationship Management - Proficiency Level Basic.
  • Data Tools and Management Literacy - Proficiency Level Intermediate.


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