Financial Business Management

AIA Shared Services; Jakarta Pusat; On-site; IDR 250,000,000 - 350,000,000; Full time

Job summary

AIA Shared Services in Jakarta is seeking an actuary to review distribution channel campaigns and costs, and to help ensure products are priced and forecast profitability.

You will perform risk and financial assessments of agency or bancassurance compensation, update forecasting, and ensure timely, accurate deliverables. The role requires a bachelor's in math/actuarial, 2 years' experience, and ongoing actuarial exams, with strong English.

Qualifications

• Bachelor's degree in mathematics or actuarial area.
• Minimum 2 years’ experience in similar area.
• Student of Local or International Actuarial Exams.
• Good commands in English.

Responsibilities

• Review distribution channel’s campaign scheme and cost.
• Assess channel compensation and forecast channel profitability.
• Propose changes of scheme, terms and conditions if needed.
• Perform risk and financial assessment on proposed Agency or Bancassurance compensation.
• Check and test new/updated compensation in the system.
• Update the channel profitability forecasting regularly and highlight actions to meet targets.

Skills

Analytical thinking

Communication skills

English proficiency

Education

Bachelor's degree in mathematics or actuarial area

Actuarial exams in progress (local or international)

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

Responsible for reviewing distribution channel’s campaign scheme and cost, channel compensation, and provide the update in the channel profitability’s forecasting.

Key Responsibilities

• Ensuring distribution channel’s marketing campaign cost and benefit are acceptable to meet the financial target.
• Proposing changes of scheme, terms and conditions if needed.
• Perform risk and financial assessment on the proposed Agency or Bancassurance compensation.
• Ensure proper checking and testing of new/updated compensation in system.
• Update the channel profitability’s forecasting on regular basis and highlight potential actions to meet the financial target.
• Ensure all deliverables are delivered in timely manner and accurately.

Qualifications

• Min. Bachelor’s degree, with major in mathematics or actuarial area
• Minimum 2 years’ experience in similar area
• Student of Local or International Actuarial Exams
• Good commands in English
• 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.

“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.