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
The position is responsible for supporting the Business Underwriting team in Corporate Solutions division. Responsibilities include pricing for group insurance policies, product development, portfolio management and benefit advisory to clients and intermediaries to support the divisions overall business strategic and financial goals.
You will liaise with different parties including Senior Management, Finance, Actuarial, Group Office, intermediaries, reinsurers, industry associations and regulators.

Responsibilities:

• Pricing and Risk Assessment (60%) – Determine pricing for employee benefits insurance products in accordance with the company’s underwriting standards, with the objective to minimize excess risks and maximize profits and retention. This includes regular review and monitoring to ensure portfolio profitability remains in line with best estimate assumptions.
• Product Development and Experience Analysis (15%) – Developing new products and enhancements to existing products in line with company’s product standards. This includes refreshing pricing assumptions, pricing tools and conducting regular experience analysis.
• Reinsurance Management and Administration (15%) – Ensure timely and accurate submission of reports for reinsurance and pool administration, and assist in the review, negotiation, and analysis of reinsurance treaties.
• Others (10%) – Other responsibilities and duties periodically assigned in order to meet overall business strategic, financial and operational goals.

Requirements:

• Bachelor’s degree in Actuarial Studies / Mathematics & Statistics
• At least 2 to 7 years of actuarial experience in Group Insurance / Employee Benefits / Health Insurance with a direct insurer or reinsurer.
• Professional actuarial qualification from a recognized international actuarial body with good progress towards qualification.
• Proficient with Microsoft Office (Word, Excel, Powerpoint, Access)
• Proficient with SQL and at least one programming language
• Experience with BI tools, e.g. Tableau, Quickview, Power BI, etc.
• Meticulous and detailed
• Strong analytical and problem-solving skills
• Able to work both independently and within a team
• Able to effectively manage multiple projects and priorities within tight timelines

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!
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

• Pricing and Risk Assessment (60%) – Determine pricing for employee benefits insurance products in accordance with the company’s underwriting standards, with the objective to minimize excess risks and maximize profits and retention. This includes regular review and monitoring to ensure portfolio profitability remains in line with best estimate assumptions.
• Product Development and Experience Analysis (15%) – Developing new products and enhancements to existing products in line with company’s product standards. This includes refreshing pricing assumptions, pricing tools and conducting regular experience analysis.
• Reinsurance Management and Administration (15%) – Ensure timely and accurate submission of reports for reinsurance and pool administration, and assist in the review, negotiation, and analysis of reinsurance treaties.
• Others (10%) – Other responsibilities and duties periodically assigned in order to meet overall business strategic, financial and operational goals