Support the company's expansion strategy by driving product pricing initiatives to enhance market share in regular contribution products.
Responsibilities
Pricing new or re-pricing existing products:
- Conduct assessments on product design, risk profiles, and market competitiveness.
- Develop and recommend pricing assumptions aligned with business objectives.
- Perform profit testing and sensitivity analysis to ensure sustainable margins.
- Prepare documentation for BNM filing and PDC approval.
- Collaborate with cross-functional teams to implement pricing changes and optimize profitability.
- Ensure End-to-End Review Projects are completed within stipulated timelines and regulatory compliance.
- Guarantee product designs and pricing adhere to the company's Pricing Policy.
- Conduct user acceptance testing for new products or enhancements to existing offerings.
Product Strategy:
- Provide initial indicative pricing and feasibility analysis for new products/features requested by banking partners or other stakeholders.
- Support strategic initiatives to expand product offerings and strengthen market positioning.
Qualifications
- Bachelor's degree in Actuarial Science, Finance, Economics, Statistics, or related field.
- Progress towards actuarial qualifications (e.g., SOA, IFoA) or equivalent is an advantage.
- Strong quantitative and problem-solving skills with attention to detail.
- Familiarity with Bank Negara Malaysia (BNM) requirements and insurance/takaful regulatory frameworks.
