Actuarial Consultant

AIA Hong Kong and Macau; Hinoba-an; On-site; PHP 900,000 - 1,500,000; Full time

Job summary

AIA Hong Kong and Macau is seeking a Product Actuary/Pricing Professional to support pricing, modeling and product development. You will lead pricing projects, review models, and advise on reinsurance and product design with stakeholders.

The role emphasizes actuarial rigor, cross-functional collaboration and timely delivery of development and filing requirements, contributing to healthier, well-priced insurance solutions.

Qualifications

• Bachelor’s degree in math/statistics with actuarial exposure.
• At least 5 years progressive actuarial experience and 1 year project management.
• Associate of the Society of Actuaries or equivalent credential is preferred.
• Strong knowledge of insurance operations and actuarial software.

Responsibilities

• Lead simple pricing projects and ensure the accuracy of models for pricing exercises.
• Lead negotiations for reinsurance arrangements.
• Provide actuarial analysis for complex product/reinsurance pricing.
• Propose and review product design, pricing viability and filing documents.
• Ensure end-to-end completion of product development and management deliverables.
• Fulfill audit and control requirements and communicate progress to stakeholders.
• Coordinate with heads of Product/Pricing/Chief Actuary and external parties on pricing results.

Skills

Pricing

Project management

Actuarial software

Communication

Mathematics/statistics

Education

Bachelor’s degree in math/statistics

Associate of Society of Actuaries

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

Provide the Product Actuary/Pricing Professional the required support for pricing, modeling, product development

Roles and Responsibilities:

• Lead simple pricing projects and ensure the accuracy of models being used for pricing exercise.
• Lead negotiations for reinsurance arrangements
• Provide actuarial technical support/analysis for more complex product/reinsurance pricing exercises
• Provide valuable proposals/counterproposals to channel heads and product management leads regarding product design, positioning, financial viabilities; Preparation/Review of required documents for product/reinsurance filing and approval
• Responsible for end-to-end timely completion of all product development and management requirements of Actuarial; review product development and management deliverables for reasonableness and accuracy
• Responsible for fulfilment of all audit and control requirements and communication of projects assigned
• Responsible for communicating with head of Product/Pricing/Chief Actuary/Group Office, other internal stakeholders (PIC, operations, channel heads) and external stakeholders (Regulators Reinsurers, Auditors) pricing results and product development matters with respect to products/projects being lead
• Review and approve adhoc task results; handle simple demands from different channels

Minimum Job Requirements:

College graduate with at least Bachelor’s degree related in math/statistics 5 years progressive experience in actuarial field, with at least 1 year project management experience Minimum qualification is an Associate of Society of Actuaries Expertise in applied actuarial knowledge and ample understanding of insurance operations/environment; Expertise in actuarial software Effectively communicate actuarial results to actuarial heads and other non-actuarial stakeholders 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.

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. As the largest listed company on the Hong Kong Stock Exchange, we’ve been proudly making a difference for people and communities across Asia for over a century. And we build on this every day with our ambition to engage one billion people to live Healthier, Longer, Better Lives by 2030. If you work at AIA, you play an important part in this movement. Which is why we give you every opportunity to learn, grow and shape your career - your way. Inspiring and supporting you to thrive - not just at work, but in life. Believe in better with AIA. View our AIA LinkedIn page Bring your difference to AIA