Description
We are seeking an experienced Pricing Executive to join our team in Kuala Lumpur. As a Pricing Executive, you will be responsible for supporting the delivery of the company's growth strategies through innovative product development, assumption setting, modelling, profit testing, and ensuring the integrity of the pricing model.
Role Purpose: The Pricing Executive is required to do the day-to-day work in terms of product management by supporting the delivery of the Company's growth strategies through innovative product development, assumption setting, modelling, profit testing, ensuring integrity of the pricing model, meeting pricing standards, and ensuring financial integrity within the distribution channel compensation.
Key Accountabilities and Performance Measures Impacted:
- Product Pricing: Conduct product pricing with management of financial and operational risks. Set profitable and sustainable pricing and maintain competitiveness in the market. Support quotations for tailored group employer schemes. Produce product submissions for PCA and BNM and assist with enquiries.
- Pricing Approach: Maintain and implement a sound pricing approach/model/basis. Proper documentation of methodology and bases. Run pricing models that are consistent with the Company's takaful model and profitability measures.
- Product Implementation: Provide timely and effective product implementation support. Perform testing on systems as per Pricing UAT SOP and ensure completeness and accuracy.
- Retakaful: Implement cost-effective and efficient retakaful arrangements.
Qualification and Experience
- Degree in Mathematics/Statistics/Actuarial Science or other related courses.
- Good progress in actuarial professional examinations (IOA/IOAA/SOA).
- Competent in actuarial software (ideally Prophet) and Microsoft Office applications (Excel, VBA, Word, PowerPoint) and any other programming languages.
- Good communication skills.
- Good command of English and Bahasa Malaysia.
- Good analytical and problem-solving skills.
- Able to work under pressure and deliver within tight deadlines.
- Driven by a high desire to acquire knowledge and deliver results.