Director of Pricing Actuary - TAA Team

Posted:
8/7/2024, 5:00:00 PM

Location(s):
Beijing, China ⋅ Beijing, Beijing, China

Experience Level(s):
Expert or higher ⋅ Senior

Field(s):
Finance & Banking

Are you ready to shape a better tomorrow?

AIA Digital+ is a Technology, Digital and Analytics innovation hub dedicated to powering AIA to be more efficient, connected and innovative as it fulfils its Purpose to help millions of people across Asia-Pacific live Healthier, Longer, Better Lives.

If you are hungry and driven to play an active role in shaping a better tomorrow, we want to hear from you. Because the work we do at AIA Digital+ makes a difference in the lives of millions of people, every day. We will equip you with the critical skills, tools and technology, and endless opportunities to learn, contribute and thrive in a dynamic and exciting environment.

If you want to shape a brighter future at AIA Digital+, please read on.

About the Role

Secondment role representing AIA Group Office offering technical assistance advisory support to its strategic investment China Post Life (CPL). The incumbent is responsible for improving the financial condition of CPL, through providing financial advice and support including but not limited to Actuarial, Finance, IFRS reporting and Capital Management, so as to meet AIA’s goals in this strategic investment.

Roles & Responsibilities:

  • Subject matter expert in Actuarial, Finance and Capital Management covering areas including:
  • Financial review and analysis
  • Capital management/projection and budget planning
  • Shareholder and policyholder dividend review
  • EV, VONB and other Actuarial methodology and assumption review
  • Any related projects such as IFRS 17
  • Review /provide recommendation on matters that go to the Technical Assistance Advisory Committee (TAAC), CPL shareholder meetings and CPL Board meetings.
  • Timely communication with AIA Group Office regarding changes in CPL/industry including regulation, business strategy, and financial reporting issues. Coordinate data or other information requests from AIA Group Office.
  • Provide media management advice to CPL and support AIA Group Office in preparing CPL related materials for AIA’s results announcement.
  • Review CPL quarterly and annual external disclosure
  • Prepare and confirm AIA’s results announcement materials related to CPL
  • Bridging the information gap between AIA Group Office and CPL
  • Support TAA Team Head in any additional priorities
  • Provide actuarial support to other TAA functional areas as needed, such as analyzing distribution compensation structure.

Job Requirements:

  • University graduate with minimum 15 years relevant experience
  • Fellowship in a recognized international actuarial professional body
  • Solid experience and knowledge in actuarial/ finance and understanding the insurance market in Asia
  • Exposure in other Actuarial areas including financial reporting, risk and capital management
  • Strong business acumen, problem solving skills, numerical sense, and attention to detail
  • Excellent relationship management, strong team building, and the ability to work across functions to drive positive business outcomes.
  • Strong technical skills and negotiation skills
  • Excellent project management skills
  • Experience working across geographic boundaries and cultures and shows respect and sensitivity for cultural diversity, treats people with respect regardless of their position or status, exhibits high standard of integrity in decision making, and adheres to extremely high ethical codes of conduct
  • Less experienced candidate will be considered for an Associate Director role

Build a career with us as we help our customers and the community live healthier, longer, better lives.

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