Renewal Business Pricing, Analyst

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

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.