Product Pricing, Specialist

AIA Hong Kong; Kuala Lumpur; On-site; MYR 80,000 - 120,000; Full time

Job summary

A leading insurance firm in Kuala Lumpur seeks an experienced Actuary to oversee product pricing and development. This role includes leading new product initiatives, collaborating with stakeholders for profitability analyses, and enhancing product processes. Candidates should have a bachelor's degree in Actuarial Science and 4-7 years of actuarial experience. Join us to contribute to creating a healthier future for our communities. This position offers opportunities for impactful work and career growth.

Qualifications

• Good progress in papers of an internationally recognized actuarial body.
• 4-7 years of actuarial experience.
• Ability to work independently.

Responsibilities

• Lead end-to-end new product development.
• Ensure products are administered correctly in the system.
• Assist in data analytics tasks for business decisions.

Skills

Detail-oriented

Analytical skills

Technical product development

Education

Bachelor's degree in Actuarial Science or equivalent

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 represent the department to handle simple request from various stakeholders and lead 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 Development Committee.•
• Support distribution channels on all product-related matters e.g. product roll out, training, sales collaterals.

Project and others

• 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.
• Perform other responsibilities and duties periodically assigned by supervisor in order to meet operational and/or other requirements.
• Assist and be involved in data analytics tasks in order to support business decisions.

Minimum Job Requirements

• Bachelor degree holder, preferably in Actuarial Science or other educational background with significant mathematical and analytical courses
• Good progress in paper of an internationally recognized actuarial body
• 4-7 years of actuarial experience
• 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.