Assistant Manager, Pricing

Prudential's purpose is to be partners for every life and protectors for every future.

The Pricing Assistant Manager is required to support 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 Responsibilities:

• Guide junior team members and support the Supervisor to deliver end-to-end product pricing, including implementation.
• Contribute to the development and pricing of innovative products by ensuring robust risk management controls, and by pricing products that are both profitable and competitive, while maintaining strict adherence to pricing requirements established by Prudential Group and Bank Negara Malaysia.
• Assist in the development and maintenance of comprehensive pricing models and processes that are consistent with the company's takaful framework, Shariah principles, and financial targets.
• Transition from an execution-focused role to reviewer and leadership responsibilities, demonstrating the ability to independently complete straightforward projects or tasks with minimal supervision.
• Provide actuarial expertise and support to the Product Implementation Committee to facilitate timely and effective product launches.
• Support the development of optimal re-takaful arrangements that enhance risk management while ensuring cost efficiency.
• Maintain exemplary professionalism and integrity at all times, with strict compliance to actuarial standards of practice and all applicable codes of professional conduct.

Key Requirements:

• Minimum 2 years of relevant working experience (ideally pricing, but valuation can also be considered).
• Degree in Mathematics/Statistics/Actuarial Science or other related courses.
• Good progress in the Actuarial professional examinations (IOA/IOAA/SOA).
• Competent in actuarial software (ideally Prophet) and Microsoft Office applications (Excel, VBA, Word, PowerPoint), and any other programming language.
• Good communication skills.
• Good analytical and problem-solving skills.
• Ability to work under pressure and deliver within tight deadlines.
• Driven by a high desire to acquire knowledge and deliver results.