Job Description

Prudential’s purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and we support our people’s career ambitions. We pledge to make Prudential a place where you can Connect, Grow, and Succeed.

Role Purpose
The Pricing Senior Manager plays a leading role in terms of product management by supporting delivery of the Company’s growth strategies through innovative product development, assumption setting, modelling, profit testing, ensuring integrity of the pricing model, meet pricing standards, and ensuring financial integrity within the distribution channel compensation. They are required to lead their team and support the HOP to deliver end to end product pricing inclusive implementation.

Key Responsibilities

1. Conduct Product Pricing with management of financial and operational risks

• Drive actuarial items and provide actuarial guidance & insights in Product Implementation Committee for timely and effective product implementation.

• To lead the team in setting profitable and sustainable pricing while maintaining competitiveness in the market.

2. Maintain and implement sound pricing approach, models and basis.

• To review the current pricing approach to ensure the approach adopted is consistent with requirements set by management & BNM.

• To liase and manage with stakeholders to ensure effective product implementation and support.

• To ensure the team has provided actuarial support in terms of product materials, system requirement, UAT and etc.

3. Cost effective and efficient Retakaful put in place for all new products before launch

• To ensure effective Retakaful rates as well as supports on pricing and product design, as well as underwriting and claims management.

• To enhance current process to improve effectiveness and efficiency.

4. Support tailored repricing for group schemes within turnaround time

• Able to independently propose pricing for group scheme within their authority limit.

• Manage stakeholders where necessary including working with group.

Qualification & Experience

1. 10 years working experience in pricing or valuation.

2. Degree in Actuarial Sciences

3. Knowledge of Takaful model and products and local regulatory framework will be advantage

4. Good leadership skills, analytical and problem-solving skills

Prudential is an equal opportunity employer. We provide equality of opportunity of benefits for all who apply and who perform work for our organisation irrespective of sex, race, age, ethnic origin, educational, social and cultural background, marital status, pregnancy and maternity, religion or belief, disability or part-time / fixed-term work, or any other status protected by applicable law. We encourage the same standards from our recruitment and third-party suppliers taking into account the context of grade, job and location. We also allow for reasonable adjustments to support people with individual physical or mental health requirements.

Job Requirements