Impactful Renewal Pricing Analyst (Actuarial)

AIA Malaysia; Kuala Lumpur; On-site; MYR 120,000 - 180,000; Full time

Job summary

AIA Malaysia is seeking an Actuarial Pricing Specialist to lead renewal pricing for existing clients, redesign product benefits, and perform in-depth analysis for Conventional Group Insurance and Takaful.

The role requires strong statistical, computing and analytical skills, and the ability to translate insights into practical decisions. You will work in a fast-paced environment with cross-functional teams to ensure pricing accuracy and profitability.

Qualifications

• Bachelor degree of Actuarial Science; insurance industry experience advantageous.
• Proficiency in statistics, computing and analytical methodology; Access, MS Office; any programming language optional but advantageous.

Responsibilities

• Perform renewal pricing for existing client that includes product and feature design
• Help to execute the automated pricing model ensuring that it is accurate, up-to-date and complies with the agreed rules, policies, guidelines and within service level agreement
• Help ensure accuracy of cost and utilization report that provides in-depth trend analysis, benchmark and insight to clients, and assist on-going maintenance
• Ensure profitable growth through proactive renewal pricing
• Actively ensure that own performance is contributing to meeting team’s proposal underwriting TAT and accuracy targets
• Actively enhancing own technical knowledge and skills, which vary from system knowledge, pricing skill, analysis skill, way to handle complicated cases, etc.
• Constantly look out for opportunities to improve pricing capability and SOP, i.e. pricing methodology review, pricing and underwriting skill, computing skill, business acumen, data analysis, system knowledge, etc.

Skills

Statistics

Computing

Analytical skills

MS Office

Access

Programming language

Written communication

Verbal communication

Attention to detail

Business acumen

Education

Bachelor's degree in Actuarial Science

Job description

AIA Malaysia is seeking an Actuarial Pricing Specialist to lead renewal pricing for existing clients, redesign product benefits, and perform in-depth analysis for Conventional Group Insurance and Takaful.

The role requires strong statistical, computing and analytical skills, and the ability to translate insights into practical decisions. You will work in a fast-paced environment with cross-functional teams to ensure pricing accuracy and profitability.