Actuarial Specialist

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

Provide the Product Actuary/Pricing Professional the required support for pricing, modelling, product development.

Roles and Responsibilities:

• Lead simple pricing projects and ensure accuracy of models being used for pricing exercise. Lead negotiations for reinsurance arrangements.
• Provide actuarial technical support/analysis for more complex product/reinsurance pricing exercises.
• Provide valuable proposals/counter proposals to channel heads regarding product design, positioning, financial viabilities.
• Preparation/Review of required documents for product/reinsurance filing and approval.
• Responsible for end-to-end timely completion of all product development requirements of Actuarial; review product development deliverables for reasonableness and accuracy.
• Responsible for fulfillment of all audit and control requirements and communication of projects assigned.
• Responsible for communicating with head of Product/Pricing/Chief Actuary/Group Office, other internal stakeholders (PIC, operations, channel heads) and external stakeholders (Regulators, Reinsurers, Auditors) pricing results and product development matters with respect to products/projects being lead.
• Review and approve adhoc task results; handle simple demands from different channels.
• Review distribution channel compensation or campaign assessment results; communicate effectively with various channel heads proposals or counter proposals and results of assessments.

Minimum Job Requirements:

• College graduate with at least Bachelor’s degree related in math/statistics.
• 5 years of progressive experience in actuarial field, with at least 1 year project management experience.
• Expertise in applied actuarial knowledge and ample understanding of insurance operations/environment. Expertise in actuarial software.
• Effectively communicate actuarial results to actuarial heads and other non-actuarial stakeholders.

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.