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Great Eastern Malaysia

  • 1,000 - 50,000 employees

Actuarial (Product Pricing) Associate null

Kuala Lumpur

Opportunity Expired

Build your professional career with Great Eastern Malaysia where you can integrate your work and personal life in a meaningful manner

Opportunity details

Opportunity Type
Graduate Job

Application dates

Minimum requirements

Accepting International Applications
No
Qualifications Accepted
B
Actuarial Studies
E
Mathematics & Statistics

Hiring criteria

Entry Pathway

See details

Working rights

Malaysia

  • Malaysian Citizen
  • Malaysian Permanent Resident
Read more

About Great Eastern Malaysia

Great Eastern Malaysia is one of the leading assurance in Malaysia. Great Eastern Life began its operations in 1908 as a branch office of The Great Eastern Life Assurance Company Limited. The Company was certified by The Malaysia Book of Records in 1998 as “The Oldest and Largest Life Insurer” in Malaysia.

Your role

In this role, you will be responsible for the following duties:

  • Ensure products are designed and priced in accordance with Pricing Policy.
  • Ensure design of products in compliance with relevant Act, Regulations Efficient documentation and Guidelines
  • Prepare assessment on product design and risks
  • Review product write-ups
  • Recommend and prepare pricing assumptions
  • Prepare and validate policy values, premium rates, profit test results
  • Prepare Pricing Committee presentation materials.
  • Prepare BNM Product Documentations, sales materials and other filing documents
  • Prepare PAD & PPRT for GPMAC product filing
  • Provide actuarial assistance for:
    • Product administration and maintenance issues
    • Life System and Sales Illustration System Testing
    • Ad-hoc miscellaneous calculations
  • Ensure efficiency & adequacy of pricing control & process
  • Prepare annual product review and actuarial experience studies
  • Provide support to pricing team members
  • Prepare quotation for Group schemes
  • Maintain awareness of industry trends on regulatory compliance, emerging threats and technologies in order to understand the risk and better safeguard the company
  • Highlight any potential concerns /risks and proactively shares best risk management practice.
  • Other responsibilities entailed

Training & development

At Great Eastern, learning never stops. They provide numerous training and development opportunities, as well as education reimbursements and study leaves for those pursuing professional qualifications. Great Eastern sponsors the talents for the LOMA (Life Office Management Association) training and examination and ensures high achievers are recognized, promoted, and nurtured to be the future leaders of tomorrow. The company also provides various educational supports such as study leaves, examination subsidies, professional memberships, course fee assistance, and special salary increments upon successful completion of relevant courses or recognized papers through the Educational Assistance Programme.

Benefits

Refer to its official career website. Great Eastern Malaysia will provide the following benefits:

  • Decent allocation of annual leaves
  • Medical benefits for personal and family members
  • Insurance coverage
  • Retirement plans
  • Allowance
  • Optical and dental
  • Subsidised gym memberships
  • Maternity assistance

Career progression

Great Eastern Malaysia operates in various sectors of the insurance industry, including life insurance, general insurance, and takaful. This provides a wide range of career opportunities across different departments and roles. Whether you are interested in sales, customer service, marketing, or operations, there are diverse roles available to suit your skills and interests. The level of this role is Associate, you can level up to the Senior Associate stage. 

Work-life balance

Flexibility is the key practice at Great Eastern. It is committed to providing an inclusive and progressive workplace that allows you to integrate your work and personal life in a meaningful manner. The flexible working hours and dress code provide a malleable working environment that fosters collaboration, creativity, and productivity.

Culture & vibes

Great Eastern Malaysia fosters a positive and inclusive work environment. They prioritize teamwork, collaboration, and mutual respect among employees. It is also a great company to work for because the manager is ready to help whenever needed. Moreover, there is no unprofessional public shaming by higher-ups if mistakes are made, and performance and advice for improvement are communicated respectfully and professionally. 

About you

To apply for this role, you have to meet the following qualifications:

  • Possessed a recognized Tertiary in Statistics / Maths / Actuarial Studies Professional
  • Experiences in life insurance industry with basic knowledge in underwriting, claims, servicing and agency administration.
  • Sufficient understanding in life insurance actuarial principles
  • Fresh graduates can be considered but with good results in actuarial.
  • High level of integrity, takes accountability of work and good attitude over teamwork
  • Takes initiative to improve the current state of things and is adaptable to embrace new changes

How to apply

To apply for this job, click the button "Apply on employer site" below. We will direct you to Great Eastern Malaysia's official career site. Go to Advance search and use "Indirect Contract, Actuarial (Product Pricing)" in the keywords or ''220000XF" in the job number column. Read all the requirements carefully before applying.

Great Eastern Malaysia is committed to Equal Employment Opportunity, and all qualified applicants shall receive fair and equal consideration for employment.

Sources

The following sites were used in researching this page:

  • greateasternlife.com/my/careers/employee/join-an-award-winning-team
  • greateasternlife.com/my/en/careers/employee/employee-benefits
  • glassdoor.com/Reviews/Great-Eastern-Malaysia-Reviews

Hiring criteria

You should have or be completing the following to apply for this opportunity.

Entry Pathway
Degree or Certificate
Minimum Level of Study
Bachelor or higher
Study Field
B
Actuarial Studies
E
Mathematics & Statistics

Work rights

The opportunity is available to applicants in any of the following categories.

country
eligibility

Malaysia

Malaysia

Malaysian Citizen

Malaysian Permanent Resident