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.
Job Description
Product Pricing
Perform initial profitability and risk assessment for any product ideas
Assist to complete pricing file note where all the pricing assumptions that were used are listed along with the justifications
Prepare spreadsheet and prophet model for pricing and profit testing purpose
Assist to complete the product submission document or addendum with comprehensive financial result
Work closely with related department in preparing quotation, product specification, product system, marketing materials, etc.
Product Maintenance
Review the competitiveness of existing products
Answering queries related to technical issues/request on products
UAT for new or enhancement products in system maintenance (Life Asia)
Review and sign-off for final product specifications
Assess feasibility and profitability of Project Approval Requests from distribution channels
Reinsurance Management
Negotiating with reinsurers on new and existing products and treaties
Obtaining reinsurance rates and terms most beneficial to PLA
Prepare reinsurance selection document that including comparison of rates, benefit and conditions among some reinsurers
Assist in coordinating signing of reinsurance treaties or addendum
Provide regular reporting for reinsurance exposure
Yearly review of retention limits
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 special requirements.
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