Group Benefits Underwriting & Pricing Specialist

AIA SINGAPORE PRIVATE LIMITED; Singapore; On-site; SGD 90,000 - 140,000; Full time

Job summary

AIA Singapore Private Limited is seeking an actuarial professional to support the Corporate Solutions team in pricing, product development and portfolio management for group insurance. The role involves collaborating with senior management, Finance, Actuarial and Group Office, and engaging with intermediaries, reinsurers, industry bodies and regulators to ensure profitability and regulatory compliance.

The candidate should have a actuarial degree and progress toward professional qualification,

Qualifications

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

Responsibilities

• Pricing and Risk Assessment (60%) – Determine pricing for employee benefits insurance products in accordance with underwriting standards, to maximize profits and retention.
• Product Development and Experience Analysis (15%) – Develop new products and enhancements, refresh pricing assumptions and tools, conduct experience analysis.
• Reinsurance Management and Administration (15%) – Submit reports for reinsurance/pool administration and assist in negotiating treaties.
• Other duties (10%) – Perform additional responsibilities to meet business goals.

Skills

Analytical skills

Problem solving

Multitasking

Team work

Independent working

Education

Bachelor’s degree in Actuarial Studies / Mathematics & Statistics

Tools

SQL

Power BI

Tableau

Job description

AIA Singapore Private Limited is seeking an actuarial professional to support the Corporate Solutions team in pricing, product development and portfolio management for group insurance. The role involves collaborating with senior management, Finance, Actuarial and Group Office, and engaging with intermediaries, reinsurers, industry bodies and regulators to ensure profitability and regulatory compliance.

The candidate should have a actuarial degree and progress toward professional qualification,