Product Pricing, Consultant

AIA Hong Kong; Kuala Lumpur; On-site; MYR 70,000 - 90,000; Full time

Job summary

A leading insurance company in Kuala Lumpur is seeking an experienced Actuary focused on product pricing. The role includes end-to-end product development, pricing strategy support, and collaboration with stakeholders. Ideal candidates should have a strong actuarial background with at least 4 years of pricing experience. Join us in making a difference in the community and customer lives.

Qualifications

• Minimum 4 years of actuarial experience in pricing.
• Ability to work independently.

Responsibilities

• Lead end to end new product development.
• Support product strategy and roadmap.
• Improve product pricing process through automation.

Skills

Detail-oriented

Analytical skills

Communication skills

Education

Bachelor degree in Actuarial Science

Papers progress in actuarial body

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

This position is responsible for product pricing. The position would be required to handle simple request from various stakeholders and support profitability analyses. He/she would also be in charge in engaging with retakaful operator for proposed retakaful arrangement on new product.

Roles & Responsibilities

Product Development

• Lead the process of end to end new product development from technical product development through to system implementation, including the necessary approval processes.
• Support the Company in developing the product strategy including the product roadmap, as aligned with the customer proposition
• Proactively and frequently improve the product pricing process through automation, Prophet pricing, and reconciliation with valuation model.
• Ensure products are administered correctly in the system via robust User Acceptance Testing procedures.
• Effectively communicate pricing outcome and key sensitivities during Product Steering Committee and Product Development Committee.
• Support distribution channels on all product-related matters e.g. product roll out, training, sales collaterals.
• To liaise with retakaful operators while retakaful arrangement are in place for product launches.

Projects

• In collaboration with Marketing and Distribution leads, manage enhancements and other changes to products in conjunction with up-sell/ cross-sell promotions and sales campaigns
• Drive and lead ad-hoc projects based on emerging business needs. Several examples of expected projects are management of medical portfolio, financial analysis required by Group Office in relation to embedded value and value of new business metrics, and investigations on administration systems based on production issue tickets raised.
• Assist and be involved in data analytics tasks in order to support business decisions.
• Perform other responsibilities and duties periodically assigned by supervisor in order to meet operational and/or other requirements

Requirements

• Bachelor degree holder, preferably in Actuarial Science or other educational background with significant mathematical and analytical courses
• Good progress in papers of an internationally recognized actuarial body
• Minimum 4 years of actuarial experience, with experiences in pricing
• Detail-oriented and ability to work independently

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.