Analyst, Actuarial

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 providing financial projections, analysis and assessments, and business insights pertaining to the IFRS17 reporting.

Regular reporting and analysis (60%)

• Perform IFRS reporting tasks and take appropriate actions to address any potential issues in a timely and effective manner.
• Analyze OPAT drivers, CSM movements, and assist in providing explanations of financial results to local management and Group Office.
• Support the preparation of management reports, business analysis and reporting packs.
• Leverage data, automation and emerging technologies, including AI-enabled solutions, to improve reporting processes, analytics and operational efficiency.

System and Model Maintenance (30%)

• Maintain actuarial models and reporting systems to support financial reporting and business requirements.
• Support implementation and maintenance of new products, model enhancements and system changes, ensuring alignment with business and pricing requirements.
• Assist in system testing, model validation, reconciliations, user acceptance testing (UAT) and issue resolution.
• Document system and model changes, including preparation of change logs, testing evidence and maintenance of governance documentation.
• Support ongoing improvements to actuarial systems, processes and controls to enhance efficiency, reliability and data quality.

Strategic planning and projects (10%)

• Support the annual strategic planning exercise, including the enhancement of models for the budget exercise, and preparation of management reports / presentations
• Support company projects and initiatives from a financial reporting perspective

Minimum Job Requirements:

• Education – University graduate (Major in Actuarial Science, Mathematics, Statistics, or related discipline)
• Experience – 0 to 2 years of life insurance-related actuarial working experience
• Certifications/Licences – Progression in, or intention to pursue, professional actuarial examinations
• Technical Skills – Knowledge of actuarial software and programming languages such as Python, R, VBA, SQL or SAS would be an advantage

Believe in better with AIA. If you work at AIA, you play an important part in this movement. Which is why we give you every opportunity to learn, grow and shape your career - your way! 

#LI-SF1

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

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