At AIA we’ve started an exciting movement to create a healthier, more sustainable future for everyone.

It’s about finding new ways to not only better people's lives, but to better the communities and environments we live in. We need great Actuaries who want to be part of something bigger than finance alone. Because the better we can nurture our financial wellbeing as an organisation, the better we can support and make a difference for our customers when they need us most. By ensuring our products are well designed and priced, analysing business performance and ensuring proper management of insurance policies in-force, you’re not just safeguarding AIA’s financial wellbeing. You’re securing a better future for the people and communities we serve - today, tomorrow and for generations to come.

If that interests you, read on. 

About the Role

Responsible for pricing insurance products using relevant actuarial techniques.

1. Product Pricing

• Lead the process of end-to-end new product development from technical product development through to system implementation, including the necessary approval processes. 
• Support the Company in developing the product strategy including the product roadmap, as aligned with the customer proposition.
• Proactively and frequently improve the product pricing process through automation, Prophet pricing, and reconciliation with valuation model.
• Ensure products are administered correctly in the system via robust User Acceptance Testing procedures.
• Effectively communicate pricing outcome and key sensitivities during Product Development Committee.
• Support distribution channels on all product-related matters e.g. product roll out, training, sales collaterals.

 

2. Projects

• In collaboration with Marketing and Distribution leads, manage enhancements and other changes to products in conjunction with up-sell/ cross-sell promotions and sales campaigns.
• Drive and lead ad-hoc projects based on emerging business needs.
• Several examples of expected projects are IFRS 17 implementation, management of medical portfolio, financial analysis required by Group Office in relation to embedded value and value of new business metrics, and investigations on administration systems based on production issue tickets raised.
• Assist and be involved in data analytics tasks to support business decisions.

Job Requirements:

• Bachelor's Degree in Actuarial Science and pursuing Actuarial Professional Exam in any actuarial professional body.
• At least 3-4 years of experience in Actuarial role.
• Proficient in spreadsheet and programming, especially Excel and SAS.
• A good team player who is keen to learn and able to work independently.
• Proactive, highly motivated, results oriented and solutions focus.
• Good oral and written communication skills in English.
• Good technical and analytical skills.

Build a career with us as we help our customers and the community live Healthier, Longer, Better Lives.

You must provide all requested information, including Personal Data, to be considered for this career opportunity. Failure to provide such information may influence the processing and outcome of your application. You are responsible for ensuring that the information you submit is accurate and up-to-date.