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

• Supports the Specialist / Consultant / Principal in Par, UL and Reinsurance Management, as well as product development and maintenance by preparing new product pricing and analysis and performing system checks.
• Performs studies to support the actuarial function. Review existing product performance and actual operational experience.

Roles and Responsibilities:

Par, UL Management

• Prepares dividend analysis and provide support on participating initiatives. Prepare analysis on UL crediting rates / fees and charges review, assist to prepare management / regulatory reports.
• Prepares user requirement and performs testing for the dividend implementation / UL crediting rate and fees & charges implementation to ensure accuracy and timeliness of system delivery.
• Review customers’/ channels’ communication related to participating and UL business.
• Prepares experience studies / reports.  Meets agreed timelines and with accuracy. Provides observation and comments on the results. 

Reinsurance Management

• Support Actuarial team in preparing the reinsurance forms/ filings on new or existing reinsurance arrangement.
• Perform testing on reinsurance system implementation and prepare manual calculations for treaties not supported by the system.
• Assist to prepare reports for management monitoring for reinsurance.
• Prepare reinsurance statements and settlements with accuracy and timeliness.

Product

• Prepares user requirement and performs testing for the actuarial related areas in the product implementation cycle to ensure accuracy and timeliness of system delivery
• Prepares new product pricing to meet the financial requirements of the company. Conducts profitability analysis of existing products

Other responsibilities

• Communicates with IT and prepare user requirement for various studies and system development
• Performs other responsibilities and duties periodically assigned by supervisor in order to meet operational and/or other requirements
• Assist manager in coordinating among teams on ad-hoc tasks.

Minimum Job Requirements:

• University / College graduate in Actuarial Science or relevant subject
• Proficient in MS Office and data analysis techniques, knowledge of actuarial software will be an advantage
• Proficient in MS Office and database skills
• Good command of written and spoken English and Chinese
• You are required to obtain relevant license if your job involves in regulated activities

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.