Distribution Product & Pricing, Consultant

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About the Role

This role is to assist in various Group and GI actuarial pricing functions, including pricing for products, portfolio monitoring, as well as provide quantitative and analytical support to other business functions.

Roles and Responsibilities:

Group and General Insurance Products Pricing and Rate Reviews

• Pricing and re-pricing for products, including preparing the necessary documents for submission to Bank Negara Malaysia, Product Governing Committee, Product Development Committee, Group Office, etc.
• Communicate with other departments on areas such as premium structure and rate changes, as well as system readiness preparation.

Portfolio Monitoring

• Prepare and produce portfolio monitoring reports/analysis on a regular basis and provide insightful commentary to key stakeholders.
• Assist in preparing analysis and presentation slides for Product Governing Committee meetings.

Ad-hoc

• Assist in preparing or updating existing internal policies and procedures, SOP, and etc, related to actuarial pricing functions, to improve and standardize working procedure.
• Provide technical analysis assistance to other business functions in supporting their decision-making processes.
• Perform UAT for implementation of new products / initiatives and liaise with relevant stakeholders to resolve any issues arising.
• Assist in providing guidance to interns in completing the task assigned.

Minimum Job Requirements:

• Degree in a quantitative disciplines such as Actuarial Science, Mathematics and Statistics
• Preferably with at least 3 years working experience in General Insurance actuarial pricing role
• Good progress with professional actuarial examinations
• Preferably with good programming skills, e.g. SAS, SQL, R, VBA, etc
• Experience with Generalized Linear Models (GLMs) will be an advantage
• Reasonable understanding and experience in insurance database and data warehousing systems
• Proficient in Microsoft Office (Excel, Access, Word, PowerPoint, Outlook, Publisher)
• Positive attitude and good problem-solver
• Innovative, with a strong willingness to learn
• Good verbal and written communication skills in English