Renewal Business Pricing, Analyst

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

Job summary

AIA Shared Services in Kuala Lumpur is hiring a pricing actuary to re-price for existing clients, redesign product benefits, and perform in-depth analysis for Conventional Group Insurance and Takaful. You will execute automated pricing, ensure data accuracy, and drive profitable renewal pricing through rigorous modeling and business insight.

The role requires a solid actuarial background, strong quantitative skills and the ability to translate insights into decision-making while collaborating

Qualifications

• Bachelor degree of Actuarial Science, insurance industry working experience is advantageous.
• Proficiency in statistics, computing and analytical methodology (Access, MS Office); programming language optional but advantageous.
• Excellent written and verbal communication skills.
• Meticulous with detail, strong analytical qualities and methodical in solving problems.
• Strong business acumen and commercial awareness.

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

Analytical skills

Excellent communication

Attention to detail

Business acumen

Education

Bachelor's degree in Actuarial Science

Tools

Access

MS Office

Programming language (optional)

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

Responsible to perform re-pricing for existing clients, product benefit redesigning and in-depth analysis for both Conventional Group Insurance and Takaful.

Roles and 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.

Minimum Job Requirements

• Bachelor degree of Actuarial Science, insurance industry working experience is advantageous
• Proficiency in statistics, computing and analytical methodology, e.g. Access, MS Office, any programming language optional but advantageous
• Excellent written and verbal communication skills
• Meticulous with detail, strong analytical qualities and very methodical in solving problems – able to translate insight into decision
• Strong business acumen and commercial awareness – able to see things from customer’s perspective
• Constantly strive to improve and strengthen existing way of working for higher efficiency
• Able to work independently in a fast-paced environment
• Possess strong commitment to team environment dynamics with the ability to contribute expertise and meet performance goals
• Able to prioritize, operate proactively and coordinate several tasks simultaneously
• 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.