Business Underwriting, Analyst

aia; Singapore; On-site; SGD 90,000 - 130,000; Full time

Job summary

AIA is seeking an actuarial professional to support Corporate Solutions in pricing, product development and portfolio management in Singapore. The role interfaces with senior management, Finance, Actuarial and Group Office to align pricing with business strategy.

Responsibilities include pricing for employee benefits, developing pricing tools, managing reinsurance submissions and contributing to profitability targets. Strong SQL, BI tool experience, and teamwork are essential.

Qualifications

• Bachelor’s degree in Actuarial Studies / Mathematics & Statistics.
• 2–7 years actuarial experience in Group Insurance / Employee Benefits / Health Insurance with a direct insurer or reinsurer.
• Professional actuarial qualification with good progress towards designation.
• Proficient with Microsoft Office (Word, Excel, Powerpoint, Access).
• Experience with BI tools (Tableau, Quickview, Power BI).
• Proficient with SQL and at least one programming language.
• Meticulous and detail-oriented; strong analytical and problem-solving skills.
• Able to work independently and within a team; manage multiple projects and priorities.

Responsibilities

• Pricing and Risk Assessment (60%) – determine pricing for employee benefits products per underwriting standards to maximize profits and retention.
• Product Development and Experience Analysis (15%) – develop new products and enhancements; refresh pricing assumptions and analysis.
• Reinsurance Management and Administration (15%) – submit reports for reinsurance and pool administration; review and analyze reinsurance treaties.
• Others (10%) – perform other duties to meet strategic, financial and operational goals.

Skills

Analytical

Problem solving

Detail-oriented

Multitasking

Teamwork

Independence

Education

Bachelor’s degree in Actuarial Studies / Mathematics & Statistics

Tools

Microsoft Office

SQL

Programming language

Tableau

Power BI

Quickview

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

The position is responsible for supporting the Business Underwriting team in Corporate Solutions division. Responsibilities include pricing for group insurance policies, product development, portfolio management and benefit advisory to clients and intermediaries to support the divisions overall business strategic and financial goals.

The role holder will liaise with internal stakeholders including Senior Management, Finance, Actuarial and Group Office. External stakeholders include intermediaries, reinsurers, industry associations and regulators.

Roles and Responsibilities

• Pricing and Risk Assessment (60%) – Determine pricing for employee benefits insurance products in accordance with the company’s underwriting standards, with the objective to minimize excess risks and maximize profits and retention. This includes regular review and monitoring to ensure portfolio profitability remains in line with best estimate assumptions.

• Product Development and Experience Analysis (15%) – Developing new products and enhancements to existing products in line with company’s product standards. This includes refreshing pricing assumptions, pricing tools and conducting regular experience analysis.

• Reinsurance Management and Administration (15%) – Ensure timely and accurate submission of reports for reinsurance and pool administration, and assist in the review, negotiation, and analysis of reinsurance treaties.

• Others (10%) – Other responsibilities and duties periodically assigned in order to meet overall business strategic, financial and operational goals.

Requirements:

• Bachelor’s degree in Actuarial Studies / Mathematics & Statistics
• At least 2 to 7 years of actuarial experience in Group Insurance / Employee Benefits / Health Insurance with a direct insurer or reinsurer.
• Professional actuarial qualification from a recognized international actuarial body with good progress towards qualification.
• Proficient with Microsoft Office (Word, Excel, Powerpoint, Access)
• Experience with BI tools, e.g. Tableau, Quickview, Power BI, etc.
• Proficient with SQL and at least one programming language
• Meticulous and detail-oriented
• Strong analytical and problem-solving skills
• Able to work both independently and within a team
• Able to effectively manage multiple projects and priorities within tight timelines

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.