Product Pricing, Senior Analyst

AIA; Hong Kong; On-site; HKD 480,000 - 720,000; Full time

Job summary

AIA in Hong Kong seeks an actuarial professional to support product development and pricing by preparing pricing and financial analyses, and ensuring timely system checks. The role emphasizes customer outcomes and a customer-first mindset while collaborating across IT, actuarial and business teams.

You will review product designs, conduct profitability assessments, and contribute to timely approvals and improvements to the customer journey.

Qualifications

• Must have actuarial science background or related field.
• Strong understanding of insurance products and market trends.
• Proficiency in MS Office and data analysis; knowledge of actuarial software is a plus.

Responsibilities

• Prepare new product pricing to meet financial requirements.
• Conduct profitability analysis of existing products.
• Review amendments to product design and actuarial basis for pricing and profitability.
• Oversee actuarial areas in product implementation and regulatory approvals.

Skills

Pricing analysis

Data analysis

MS Office

Database skills

English & Chinese

Education

University/College graduate in Actuarial Science

Tools

MS Office

Actuarial software

Job description

Transform insights into action and impact. At AIA, your skills, perspective and ideas can help us protect customers, balance risk and opportunity, and contribute to our Purpose of helping millions of people live Healthier, Longer, Better Lives. Across our diverse markets, you will take on real-world challenges, collaborate with talented colleagues and bring together data, technical expertise and commercial understanding to strengthen customer solutions and support sustainable growth. Join us to shape better decisions, grow through new experiences and extend your impact across Asia.

About the Role

Support the Actuarial Manager / Senior Actuarial Manager in product development and maintenance / distribution initiatives by preparing product pricing / financial analysis and performing system checks. This role contributes to the delivery of customer outcomes that are reliable, thoughtful, and create meaningful impact for customers and society. The role holder is expected to embed a customer first mindset in all decisions and actions by developing a clear understanding of customer needs, taking end to end ownership to resolve issues, and working collaboratively across teams to continuously enhance the customer journey - both directly and indirectly.

Roles and Responsibilities

• Prepare new product pricing to meet the financial requirements of the company.
• Conduct profitability analysis of existing products. (40%)
• 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 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%)
• Communicate with IT and prepare user requirement for various studies and system development. (10%)
• Develop special quotations. (5%)
• Perform other responsibilities and duties periodically assigned by supervisor in order to meet operational and/or other requirements. (10%)
• Assist manager in coordinating among teams on ad-hoc tasks. (5%)

Minimum Job Requirements

• University / College graduate in Actuarial Science or relevant subject.
• Knowledge in insurance products and market trend.
• Proficient in MS Office and data analysis techniques, knowledge of actuarial software will be an advantage.
• Proficient in MS Office and database skills.
• 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.

"Better" starts with people who reimagine what is possible and turn ideas into meaningful action. At AIA, you will contribute in your own way, help shape outcomes that matter and collaborate with colleagues across disciplines, teams, markets and levels. We will support you to broaden your perspective, strengthen your capabilities and grow your impact. Together, we challenge assumptions, learn from one another and find better ways forward. Bring your ambition, experience and ideas to AIA, and help shape what "better" looks like.