Actuarial Executive (Pricing)

A executive is mainly responsible for the entire pricing process of new products and re-pricing of existing products. He or she will provide assistance in the Product Development Process, group quotations and operation support.

This position is also required to perform User Acceptance Test (UAT) for new and existing products, provide group quotations and provide actuarial support to other departments.

This role will support the bancassurance, telco-assurance, telemarketing, online, and also the agency channels. The role will support both the conventional business and takaful business.

Responsibilities

• Develop Excel & Prophet pricing models based on the latest basis and methodologies and ensure both models are fully reconciled.
• Ensure that product features in pricing models are consistent with the product specification.
• Develop Core Assumption Sheet (CAS) write-up with appropriate economic & operational assumptions.
• Recommend suitable assumptions to be used in pricing, and provide justifications for them.
• Perform initial pricing for the Product team or the Distribution team for initial discussion with relevant party.
• Discuss product concepts, features, and pricing with the Product team and the Distribution team.
• Generate full pricing and profit test results.

2. Pricing Documentation and Compliance

3. Group Quotation

4. User Acceptance Test (UAT)

5. Operation Support / Ad Hoc

Requirements

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