Actuarial Pricing Intern null

About Prudential Malaysia

Prudential Assurance Malaysia Berhad (PAMB) is likely a subsidiary of Prudential Plc, a multinational financial services company headquartered in London. PAMB is a top-tier insurance company in Malaysia, providing comprehensive financial solutions through branches, agents, and bancassurance partners across the nation.

Your role

The Pricing Intern is required to do the day-to-day work in terms of product management by supporting the delivery of the Company’s growth strategies through innovative product development, assumption setting, modeling, profit testing, ensuring the integrity of the pricing model, meeting pricing standards, and ensuring financial integrity within the distribution channel compensation.

The role holder is required to use his/her actuarial knowledge and skills:

• To assist in developing innovative products with good risk management controls, and price profitable and competitive products while ensuring strict adherence to pricing requirements set by Prudential Group and Bank Negara Malaysia.
• To ensure the pricing approach is based on a sound actuarial basis
• To assist the development of a robust pricing model & process with a sound actuarial basis and consistency with the company takaful model, shariah, and profitability requirements.   
• To provide actuarial support to the product implementation committee for timely and effective product implementation
• Ensure product pricing and development comply with Local business unit and Group policies as well as regulator guidelines.
• To assist in implementing cost-effective and efficient retakaful arrangements

Training & Development

Prudential Malaysia offers interns training packages, including guidance and networking opportunities from professional mentors. You'll actively participate in company projects, gaining valuable real-world working experience. The program's learning outcomes include:

• Gain a better understanding of how their learnings in college/university can help them with their future.
• Gain practical experience and industry knowledge.
• Practice and improve industry skills while learning what it is like to work in the corporate environment.
• Develop professional connections and make new friends.

Compensation & Benefits

Prudential ensures a fully-equipped office for employee needs, with added perks for interns:

• Competitive monthly compensation
• Access to medical facilities
• Essential supporting tools

Career Progression

This experience is not just valuable, it could pave the way to a full-time role for outstanding interns based on company requirements, offering a seamless transition into a fulfilling career with Prudential.

Work-life Balance

Prudential Malaysia prioritizes a harmonious work-life balance, as reflected in their employee reviews with an impressive 4.1 out of 5-star rating. Their commitment to work-life balance is reflected in employee reviews that highlight features such as time flexibility, a "work smart, play hard" ethos, and a commitment to maintaining a flexible schedule.

Culture & Vibe

At Prudential Malaysia, diversity and inclusivity drive a culture of endless collaboration. Prudential Malaysia celebrates successes, prioritizes well-being, and offers empowering opportunities for individuals to maximize their journey with them. Their agile workspaces enhance collaboration, connecting employees for increased efficiency.

Sources

Here are the sources used in researching this page:

• prudential.com.my/en/our-company-about-us
• glassdoor.com/Reviews/Prudential-plc-Malaysia-Reviews
• prudential.com.my/en/work-with-us-corporate-careers/why-join-prudential