About the Job
You are requiring to provide technical support in product pricing related tasks and to ensure the key profit criteria is met which in line with company's business strategy.
Key responsibilities include:
Pricing Framework
- Support supervisor in products pricing which comply with GETB's Product Pricing Policy and align with regulatory requirements and risk management frameworks.
- Compile Pricing Development Committee (PDC) presentation materials, sample cash flow breakdown, Product Documentation to BNM and other pricing related documents.
- Ensure product designs are in accordance with regulations and guidelines.
- Perform User Acceptance Testing (UAT) in various testing required for system enhancement.
- Review marketing materials such as Certificate Documents, Benefit Illustrations, Product Disclosure Sheet, training slide, etc.
- Perform actuarial calculations and data validations to ensure pricing accuracy.
Actuarial Model Development & Experience Analysis
- Prepares or update pricing model for new products / enhancements.
- Prepares annual experience study report and relevant analysis.
- Prepares report and presentation for pricing analysis. o Assist in competitor analysis and market research.
Stakeholder Engagement
- Involve in discussion with Product Working Group and other Business units for new product initiatives/enhancement.
- Liaise with Retakaful Operator (RTO) on getting supports for new products/enhancements.
- Regulatory & Governance Compliance o Assist in preparing Bank Negara Malaysia (BNM) Product Documentation and other regulatory submission.
- Ensures that product pricing is in accordance with the regulatory requirements as per Pricing Compliance Checklist.
- Support actuarial documentation processes.
Collaboration and Learning
- Collaborating effectively with the team (internal and external) to deliver high quality work.
- Work closely with senior staffs, gaining exposure to pricing related tasks.
- Develop technical and analytical skills through hands-on experience and training.
We are looking for people who
- Qualifications: Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related field.
- Fresh graduates or up to 3 years of actuarial experience, with pricing exposure in insurance/takaful company.
- Skills: Analytical, communication, problem solving skills.
- Knowledge of insurance / takaful products and financial markets, and good understanding of Takaful Principles.
- Relevant knowledge for computer skills – Microsoft Excel, Microsoft Words, Macros and Visual Basis.
- 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.
How you succeed
- Champion and embody our Core Values in everyday tasks and interactions.
- Demonstrate high level of integrity and accountability.
- Take initiative to drive improvements and embrace change.
- Take accountability of business and regulatory compliance risks, implementing measures to mitigate them effectively.
- Keep abreast with industry trends, regulatory compliance, and emerging threats and technologies to understand and highlight potential concerns/ risks to safeguard our company proactively.
