Job Responsibilities

Supporting Head on pricing model development, formulating pricing assumptions, review marketing collaterals, and perform profit / sensitivity test.
Identify inefficiencies in pricing tools and implement appropriate enhancements.
Collaborate with other departments in product development process and manage the requirement from all stakeholders related to product pricing.
Well versed in regulatory guidelines and industry guide.
Ensure accuracy in pricing models, assumptions and profit test results.
Ensure the profitability and other financial measures meet internal requirements.
Review marketing collaterals to ensure accuracy and compliance with regulatory requirements.
Ensure timeliness and accuracy in regulatory submission in accordance with BNM guidelines.
Participate in product development process, adding value to the product innovation by recommending product design with understanding in Shariah principles for Family Takaful products.
Liaise with Retakaful on Retakaful quotation & treaty for new product & group business.
Review and update internal policies ensuring current practice is well documented.

Retakaful

Ensure bordereaux, statements to RTO and other Retakaful reports prepared timely and accurately.
Provide support and advice on Retakaful to other colleagues in Pricing and other departments.
Perform analysis related to Retakaful.
Review draft treaties and addenda.
Provide clear and accurate system development requirement on Retakaful to the system developers.
Enhance Retakaful calculation and bordereaux preparation process.

Product Implementation

Supporting the development of Product illustration system and administrative system to enable successful product implementation.
Guiding junior staff in developing calculators to minimize manual calculations performed by Pricing.
Involve in system migration.
Provide clear and accurate system development requirement to the system developers.
Ensure all scenarios are covered during the UAT.

Managerial Duties

Job Requirements

University degree in actuarial science or equivalent.

Making good progress in professional examinations.

Prefer to have at least five years' experience with insurance or Takaful company.

Product management & cash flow, reserving and risk-based capital for Takaful/Retakaful, Takaful Model.

Good analytical and time management skill.

Good coaching skills.

Team player, good communication skills.

1 Actuarial Jobs in Selangor - October 2026 - High Salaries

Manager, Actuarial Pricing