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.
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 expected to assist the HOP in leading the Pricing department to deliver end to end product pricing inclusive implementation.
The role holder is required to use his/ her actuarial knowledge and skills:
To assist the HOP in leading the Pricing department across different Pricing teams to roll out deliverables.
To be the alternate HOP reference/touch point for other department/division
To lead their team and support Supervisor in achieving deliverables working across multiple projects which are maybe complex and out of “traditional” Pricing/Actuarial works.
To review the team workings to ensure they are correct, fit for purpose and comply with the various standards, requirements and regulations
To drive and provide actuarial guidance & insights in developing innovative product with good risk management controls, price profitable and competitive product while ensuring strict adherence to pricing requirements set by Prudential Group and Bank Negara Malaysia.
To lead and provide insights on the development of robust pricing model & process with sound actuarial basis and consistency with company takaful model, shariah and profitability requirement.
To drive actuarial items and provide actuarial guidance & insights to product implementation committee for timely and effective product implementation
To lead and provide insights in implementing cost-effective and efficient retakaful arrangements
To ensure product pricing and development is compliance to Local business unit and Group policies as well regulator guidelines.
To ensure the pricing approach is based on sound actuarial basis
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.
Skills Required
- Strong actuarial knowledge and skills
- Experience in pricing model development
- Ability to lead teams across different projects
- Understanding of regulatory guidelines
- Insights into cost-effective retakaful arrangements
What We Do
In Asia and Africa, Prudential has been providing familiar, trusted financial security to people for 100 years. Today, headquartered in Hong Kong and London, we are ranked top three in 12 Asian markets with 18 million customers, around 68,000 average monthly active agents and access to over 27,000 bank branches in the region. Prudential is focused on opportunities in the most exciting growth markets in Asia and Africa. With access to over 4 billion people in both these regions, we are investing in broadening our presence and building our leadership in the life and asset management markets. We are committed to making a positive impact on our customers, our employees and our communities by delivering the best savings, health and protection solutions to people so they can get the most out of life. Visit our websites for more information Prudential plc: https://www.prudentialplc.com/ Prudence Foundation: https://www.prudentialplc.com/en/prudence-foundation
