Assistant Manager, Product Pricing

Great Eastern WP. Kuala Lumpur, Federal Territory of Kuala Lumpur, Malaysia

Responsibilities

• Perform pricing and profit test for products using established models.
• Ensure compliance with internal product and pricing policies, processes, profit margins and external regulatory guidelines to obtain approval / filing for product launches.
• Work with internal functions to integrate new Individual Life / Accident & Health product features into their day-to-day operational activities.
• Assist in handling routine and standard queries from stakeholders.
• Assist in actuarial related pricing parameters set up for new products.
• Assist in setting up benefit illustrations programs for system validation.
• Plays a supporting role in actuarial and pricing related projects and company-wide initiatives.
• Analyse and interpret data to uncover trends and establish findings towards adding value to business through making better informed decisions.
• Supporting pricing initiatives across all distribution channels through data analytics.
• Takes accountability in considering business and regulator compliance risks and takes appropriate steps to mitigate the risks.
• Maintains awareness of industry trends on regulatory compliance, emerging threats and technologies in order to understand the risk and better safeguard the company.
• Highlights any potential concerns / risks and proactively shares best risk management practices.

Qualifications

How you succeed

Who we are

Founded in 1908, Great Eastern is a well-established market leader and trusted brand in Singapore and Malaysia. With over S$100 billion in assets and more than 16 million policyholders, including 12.5 million from government schemes, it provides insurance solutions to customers through three successful distribution channels – a tied agency force, bancassurance, and financial advisory firm Great Eastern Financial Advisers. The Group also operates in Indonesia and Brunei.

The Great Eastern Life Assurance Company Limited and Great Eastern General Insurance Limited have been assigned the financial strength and counterparty credit ratings of "AA-" by S&P Global Ratings since 2010, one of the highest among Asian life insurance companies. Great Eastern's asset management subsidiary, Lion Global Investors Limited, is one of the leading asset management companies in Southeast Asia.

Great Eastern is a subsidiary of OCBC, the longest established Singapore bank, formed in 1932. It is the second largest financial services group in Southeast Asia by assets and one of the world’s most highly-rated banks, with an Aa1 rating from Moody’s and AA- by both Fitch and S&P. Recognised for its financial strength and stability, OCBC is consistently ranked among the World’s Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker.

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