Non-Motor Pricing LeadPurpose
Perform analytical and actuarial pricing duties to provide strong data governance and highly accurate data and analyses for use by more senior pricing actuaries in relation to reserving, reporting, quantitative risk management, or the pricing of business.
Advise on the pricing and design of new products (covering technical and market-based pricing), with a focus on protection products.
Solves business challenges with statistical and predictive modeling techniques such as Exposure Curves, GLMs, machine learning, decision trees, probability networks, association rules, clustering, regression, and neural networks and their application to business decisions.
Key Accountabilities
Lead and developa high-performing actuarial pricing team to deliver accurate and timely pricing solutions.
Overseethe development, implementation, and maintenance of models such as pricing, capital, P&L, APMP, ZRC, conversion, and retention ensuring alignment with business objectives and regulatory requirements.
Performcomplex statistical analyses, data mining, and modeling to support pricing and financial decisions.
Leverageadvanced analytical techniques to identify trends, assess risks, and optimize pricing strategies.
Ensure data integritythrough robust data governance practices.
Managedata collection, cleaning, and validation processes.
Developand maintain pricing databases to support model development and analysis.
Collaborateclosely with business partners to understand their needs and provide actuarial expertise.
Communicatecomplex technical information effectively to both technical and non-technical audiences.
Supportbusiness decision-making through insightful statistical and actuarial analysis and recommendations.
Drivenew product development initiatives through actuarial pricing expertise.
Conductmarket analysis and competitor benchmarking to inform pricing strategies.
Developand implement pricing methodologies for new products.
Maintaincompliance with actuarial standards and regulatory requirements.
Prepareand submit required pricing reports and product documentation in navigating local filings and global product/risk authority approval process.
Stay updatedon industry trends and regulatory changes.
Guide, train and mentorand professional development of pricing staff under supervision.
Monitorbusiness unit's performance through actuarial and financial measures on key performance indices and present deep dive results & variances in company's forum.
Participate and contributeto business unit's Country Underwriting Plan and other quarterly business review events.
Supportbusiness unit's Propositions in new product development and repricing/refresh initiatives with a focus on protection products and identify opportunities/need for product repricing in protection, based on demand from Business Units (BUs) and competitive landscape from market trends.
Demonstrateand continuously expand increasing knowledge of actuarial disciplines and procedures to build value-adding, relevant technical knowledge.
Performance Management Accountabilities
Demonstrate commitment to corporate values.
Take accountability for participating in the performance management cycle.
Take action to improve team performance on the job.
Provide input into team performance management discussions of project team members.
Educate team members and business partners in the area of technical expertise.
Assist and support co-workers.
Take action to manage own/team personal development and encourage others to do the same.
Skills
Strong language proficiency (listening, speaking, and writing) in Malay and English.
Critical Thinking – Proficiency Level Advanced.
Problem Solving - Proficiency Level Advanced.
Statistical Concepts - Proficiency Level Expert.
Actuarial Pricing Concepts – Proficiency Level Intermediate.
Actuarial Reserving Concepts – Proficiency Level Intermediate.
Probability - Proficiency Level Advanced.
Effective Communication - Proficiency Level Intermediate.
Stakeholder Management - Proficiency Level Advanced.
Relationship Management - Proficiency Level Intermediate.
Leadership – Proficiency Level Intermediate.
Data Tools and Management Literacy - Proficiency Level Advanced.
Education and Experience
Bachelor's degree in Actuarial Science, Data Analytics, Mathematics, Statistics, or equivalent in a relevant field at minimum.
Typically four or more years of experience in the related field.
Pursuing professional actuarial qualification (UK, US, or Australia).
Experience working with programming statistical tools such as MS Excel-VBA, Power BI, SAS, SQL, R, Python, Emblem, Radar, or Prophet.
Disclaimer and Caveat
This job profile is not designed to cover or contain a comprehensive list of all duties, responsibilities, and activities that may be required in this job. Further, duties, responsibilities, and activities may change from time to time due to business needs of the Company. This job profile is a guideline only and does not establish any type of guarantee as to duties, responsibilities, and activities and, in Malaysia, it does not alter the at-will employment status of your employment.#J-18808-Ljbffr