Product Management (Pricing), Specialist

AIA Singapore; Singapore; On-site; SGD 90,000 - 150,000; Full time

Job summary

AIA Singapore, a leading life insurer, seeks an Actuary to price ILP products, develop pricing models and prepare regulatory filings. The role includes managing stakeholder queries and delivering timely solutions to policy servicing issues.

The incumbent will review documents, support system development (UAT, Day 2, post-launch), and engage cross-functional teams to optimise product competitiveness.

Qualifications

• Bachelor's degree in Actuarial Science or equivalent
• 3 - 6 years of actuarial experience in life insurance
• Demonstrated progress in actuarial professional exams
• Proficient in Microsoft Office (Excel, Word, Power Point)
• Knowledge of Prophet or similar actuarial software is a strong advantage

Responsibilities

• Product pricing of ILP products, including preparation of reports and presentations for senior management
• Assess and evaluate key financial metrics, and propose ways to improve them while balancing product competitiveness
• Engage a range of internal stakeholders on pricing and implementation matters
• Review product-related documents
• Provide technical and implementation support for system development, including UAT, Day 2 and post-launch enhancements
• Provide high-quality policy servicing support that ensures queries are handled accurately and resolved promptly

Skills

Microsoft Office proficiency

Stakeholder engagement

Actuarial exams progress

Education

Bachelor's degree in Actuarial Science or equivalent

Tools

Prophet

Excel

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

The incumbent's responsibility is product pricing to support the development of new and innovative ILP products or campaigns, including the development of assumptions and pricing models, preparation of regulatory product filings, internal presentations, and supporting product implementation.

The incumbent is also responsible for providing policy servicing support by managing stakeholders queries, investigating root causes of policy related issues and delivering clear and accurate solutions in a timely manner.

What You'll Be Doing

• Product pricing of new and existing ILP products, including preparation of reports and presentations for senior management
• Assess and evaluate key financial metrics, and propose ways to improve them while balancing the need for product competitiveness
• Engage a range of internal stakeholders on pricing and implementation matters
• Review product-related documents
• Provide technical and implementation support for system development, including UAT, Day 2 and post-launch enhancements
• Provide high-quality policy servicing support that ensures queries are handled accurately and resolved promptly

What We Are Looking For

• Bachelor's degree in Actuarial Science or equivalent quantitative discipline
• 3 - 6 years of actuarial experience in life insurance
• Demonstrated progress in actuarial professional exams
• Proficient in Microsoft Office (Excel, Word, Power Point)
• Knowledge of Prophet or similar actuarial software is a strong advantage

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.

ABOUT AIA

For over a century, AIA has served the ever-changing needs of our customers across Asia-Pacific. Our Purpose to help millions of people live Healthier, Longer, Better Lives is at the heart of everything we do.

As pioneering innovators, we're now transforming AIA to be faster, simpler and more connected to create better solutions and impactful experiences for our customers and communities. AIA encourages and enables our people to act with clarity, courage and humanity in service of our Purpose.

JOIN US

At AIA, we believe in empowering every one of our people to find their 'better' - in the work they do, the career they build, the life they live and the difference they make. Whether it's investing better wellbeing, inspiring better learning, building better relationships, or making a better impact on customers, a career at AIA will challenge you to find new ways to pursue your 'better'.

AIA is committed to building a vibrant, diverse, and inclusive workforce for all employees to thrive in. Join us if you believe in creating a better tomorrow!