Product Pricing, Consultant

AIA Hong Kong; Hong Kong; On-site; HKD 900,000 - 1,200,000; Full time

Job summary

AIA Hong Kong is seeking an experienced Actuary to support the Director in product pricing development and maintenance, and to lead the pricing team on business issues.

You will manage pricing projects, review product designs, and ensure actuarial accuracy and timely delivery during product implementation and approvals. Strong English and Chinese language skills are required.

Qualifications

• University/College graduate with 6–8 years of relevant experience.
• Fellowship in Actuarial professional examination.
• Proficient in MS Office and data analysis techniques; actuarial software knowledge is a plus.
• Experience in project and staff management.
• Good command of written and spoken English and Chinese.
• Must obtain relevant license if job involves regulated activities.

Responsibilities

• Prepare new product/campaign pricing to meet financial requirements.
• Review product features from a risk and actuarial perspective; analyze profitability of existing products.
• Ensure timely actuarial support in product/campaign implementation and regulatory approvals.
• Represent pricing team on special projects including new regulatory regimes.

Skills

MS Office

Data analysis

Actuarial software

Project management

Staff management

English & Chinese

Education

Fellowship in Actuarial profession

Tools

Actuarial software

Job description

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

Support the Director in product pricing development and maintenance as well as special projects. Manage the team to provide actuarial support on product and business issues.

Roles and Responsibilities:

Product

• Prepare new product / campaign pricing to meet the financial requirements of the company. Review the product / campaign features from product risk perspective. Conduct profitability analysis of existing products. (20%)
• Review and propose amendments to product design and actuarial basis to be applied in new product pricing and profitability analysis. (10%)
• Responsible for the actuarial related areas in the product / campaign implementation cycle to ensure accuracy and timeliness of system delivery. Responsible for meeting the timeline and schedule for product internal and regulatory approval process. (20%)

Other responsibilities

• Represent pricing team and provide required actuarial support to special projects including the implementation of new regulatory regimes. (15%)
• Support Director in co-ordination of task assignment and resources for the team. (5%)
• Develop and train up junior colleagues to gain product knowledge and product pricing techniques. Regularly review and discuss the progress of subordinates and identify improvement/development areas. (15%)
• Develop and review special quotations. (5%)
• Perform other responsibilities and duties periodically assigned by Director in order to meet business or other requirements. (10%)

Minimum Job Requirements:

• University / College graduate with at least 6-8 years of relevant experience
• Attained Fellowship in Actuarial professional examination
• Proficient in MS Office and data analysis techniques, knowledge of actuarial software will be an advantage
• Experience in project and staff management
• 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.