Prudential’s purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and we support our people’s career ambitions. We pledge to make Prudential a place where you can Connect, Grow, and Succeed.
Assist pricing head with the following key responsibilities:
1. Product Pricing
- Generate new product ideas that is fit and suitable for market
- Execute product ideas that includes delivering a product to the market that is appealing to both customers and distribution as well as generating good returns to shareholders
- Supports key financial KPIs: ie. NBP margin, OFSG, persistency, expense and claims variances
- Deliver all required submissions/filings to both OJK and Group for product and campaign approvals
- Manage projects, provide guidance and assistance to the respective pricing managers for pricing technicalities
- Ensure that all the internal process and regulations are followed in product pricing including completion of all required documentation
- Review and sign-off on all product specs
- Responsible for engagement with OJK on pricing and reinsurance related issues
- Work closely with related departments for preparing quotation, product specification, product system, marketing materials, etc.
2. Reinsurance Management
- Communication of requirements to reinsurers and rate negotiation
- Manage signing of reinsurance treaties or addendum
- Manage reinsurance settlements
- Yearly review of retention limits and restructuring of reinsurance arrangements to extract more reinsurance value
3. Team management
- Manage a couple of pricing teams that are each headed by a Pricing Manager/Assistant Manager
- Ensure development of the pricing actuaries, in line with the career interest and opportunity
Prudential is an equal opportunity employer. We provide equality of opportunity of benefits for all who apply and who perform work for our organisation irrespective of sex, race, age, ethnic origin, educational, social and cultural background, marital status, pregnancy and maternity, religion or belief, disability or part-time / fixed-term work, or any other status protected by applicable law. We encourage the same standards from our recruitment and third-party suppliers taking into account the context of grade, job and location. We also allow for reasonable adjustments to support people with individual physical or mental health requirements.
What We Do
In Asia and Africa, Prudential has been providing familiar, trusted financial security to people for 100 years. Today, headquartered in Hong Kong and London, we are ranked top three in 12 Asian markets with 18 million customers, around 68,000 average monthly active agents and access to over 27,000 bank branches in the region.
Prudential is focused on opportunities in the most exciting growth markets in Asia and Africa. With access to over 4 billion people in both these regions, we are investing in broadening our presence and building our leadership in the life and asset management markets.
We are committed to making a positive impact on our customers, our employees and our communities by delivering the best savings, health and protection solutions to people so they can get the most out of life. Visit our websites for more information
Prudential plc: https://www.prudentialplc.com/
Prudence Foundation: https://www.prudentialplc.com/en/prudence-foundation
