Manager, Pricing

This role will assist the Head of Pricing to oversee and manage the product pricing of Sun Life Malaysia, ensuring that products meet all financial targets. The main objectives will include pricing of new products and re-pricing of existing products, and to support the distribution and operations teams on business case review, production issues, and quotations.

The position will manage projects under both Conventional and Takaful, across different distribution channels such as bancassurance, agency, telemarketing, and others. The role will also manage a sub-team of 2-3 persons, and is responsible for coaching and developing these individuals in their respective roles.

Key responsibilities include :

• Manage end-to-end Product Pricing / Re-pricing Initiatives
• Work with all internal stakeholders including marketing and operations in all stages of product development and advice on feasibility from pricing perspective
• Ensure the team proposes sound and reasonable assumptions, and also balanced pricing that meets both profitability of the company and meeting fair client value
• Assess reinsurance arrangements, including negotiating with the reinsurers to obtain competitive quotes
• Propose and execute the most optimal reinsurance arrangement for a particular product

The role will also involve staff development, including overseeing and reviewing the work carried out by the team, providing guidance, and helping to develop necessary skills. Additionally, the role will involve product performance monitoring and reporting, group quotation and operations support, and participation in relevant projects.

Sun Life Malaysia offers a comprehensive range of products and services to Malaysians across the country and is focused on helping Clients achieve lifetime financial security and live healthier lives. The company distributes its products through a range of distribution channels including bancassurance and bancatakaful, agency force, direct marketing and telemarketing, corporate and government business and e-distribution.

Sun Life Malaysia is a joint venture by Sun Life Assurance Company of Canada and Khazanah Nasional Berhad, and is part of Sun Life Financial Inc., a leading international financial services organisation providing insurance, wealth and asset management solutions to individual and corporate Clients.

Perks and benefits include Medical, Dental, Birthday Leave, Public Holiday Replacement Leave, and more.

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