Manager - Pricing Lead (Sharia)

Prudential's purpose is to help people get the most out of life.
We will deliver our purpose by creating a culture in which diversity is celebrated and inclusion assured, for our colleagues, customers, and partners.
We provide a platform for our people to do their best work and make an impact to the business, and in exchange, we support our people's career ambitions.
We pledge to make Prudential a place where you can Connect, Grow and Succeed.
Principle Duties & Responsibilities:
Product Pricing
- Perform initial profitability and risk assessment for any product ideas
- Ensure that the pricing supports key financial KPIs: NBP margin, OFSG, persistency, expense and claims variances
- Derivation of the pricing assumptions used along with the justifications
- Manage, provide guidance and assistance in preparation of spreadsheet and prophet model for pricing and profit testing purpose
- Ensure that all the internal process and regulations are followed in product pricing including completion of all required documentation
- Manage, provide guidance and assistance to complete the product submission document or addendum with comprehensive financial result
- 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.
Product Maintenance
- UAT for new or enhancement products
- Assist in system maintenance (Life Asia)
- Review and sign-off for final product specifications
- Answering queries related to technical issues on products

Reinsurance Management
- Communication of requirements to reinsurers and rate negotiation
- Prepare reinsurance selection document that including comparison of rates, benefit and conditions among some reinsurers
- Assist in coordinating signing of reinsurance treaties or addendum
- Regular reporting for reinsurance exposure
- Yearly review of retention limits

Team management
- Ensure development of the pricing team, in line with the career interest and opportunity