Head, Pricing

Location KUALA LUMPUR, Malaysia
Experience level Experienced Hire
Job details sector Marketing including Branding & Offer Development
Apply before Date not available
  • Responsible for the development of sound premium rates that is in alignment with the product pricing strategy, and adhering to the AXA internal requirement and comply with BNM’s regulations.
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  • Key accountabilities:

  • Devise overall product pricing strategy and roadmap to achieve business targets, and meet the products’ profitability and capital needs of the company
  • Build, update or enhance existing pricing model
  • Preparing financial studies in X2 report to seek product approval from relevant stakeholders
  • Preview, test and utilise competitor products and seek necessary mandate from the product team
  • Collaborate with Product Development team to ensure that the pricing are in alignment with the product strategy and proposition, as well as to prepare relevant documents for product filing submission to BNM
  • Work with IT on actual implementation for system readiness: developing, testing and integrating systems
  • Develop and motivate staff to achieve technical excellence and ensure effective performance.
  • Prepare pricing analysis and seek necessary mandate from product team for quotation.
  • Work with reinsurer to gain access to product knowledge and risk pricing knowledge
  • Coach and develop the product pricing team, and devise plan for their career progression and succession planning.

Qualification:

·    Degree in Actuarial Studies who is nearly qualified or recently qualified actuary from recognised actuarial examination body.

·    Minimum 12 years of Actuarial or pricing experience

·    Strong understanding of insurance products and marketplace conditions and how they impact financial models and results

·    Understanding of financial reporting, local Statutory and MCEV.

·    Strong understanding of income statements and balance sheets



About AXA
 
Would you like to wake up every day driven and inspired by our noble mission and to work together as one global team to empower people to live a better life?  Here at AXA we strive to lead the transformation of our industry. We are looking for talented individuals who come from varied backgrounds, think differently and want to be part of this exciting transformation by challenging the status quo so we can push AXA - a leading global brand and one of the most innovative companies in our industry - onto even greater things. 
 
In a fast-evolving world and with a presence in 64 countries, our 166,000 employees and exclusive distributors anticipate change to offer services and solutions tailored to the current and future needs of our 103 million customers.

Part of the Global Leader in Financial Protection
 
Incorporated in February 2006, AXA AFFIN Life Insurance Berhad (AXA AFFIN) is a joint venture company between AFFIN Holdings Berhad and AXA Group, a worldwide financial protection leader, which is headquartered in Paris. Leveraging on the AXA Group's strength as a financial protection expert and AFFIN Holdings’ local knowledge and diversified network, AXA AFFIN is focused on helping individuals manage risk and achieve their financial goals.
 
AXA AFFIN will strive to build close and lasting relationship with its customers, offering them care, support and advice with the highest standard of professional ethics.


Great Opportunity

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