At AIA, our promise is to help people live Healthier, Longer, Better Lives by encouraging them to make positive lifestyle changes one step at a time. Our firm belief is that by following our Operating Philosophy of doing the right thing, in the right way with the right people, the results will come. AIA Insurance for Life, Health and Wellbeing.

The opportunity:

The purpose of this role is to manage and lead the Actuarial Systems (AS) function, support development, implementation, maintenance and governance of AIA NZ’s actuarial models and processes, provide management support for the actuarial model environment, while providing thought leadership and strategic advice to the Head of Actuarial and the broader business.

About the role:

Effectively lead and manage all aspects of actuarial work within the Actuarial Systems function, in particular, take ownership for the following:

• Knowledge – keep abreast of best practice methodologies applicable in life insurance and more broadly across financial services and bring these to the Actuarial team and the broader business
• Data and models – ensure data, models and related processes used by AIA NZ Actuarial functions are fit for purpose and meet business needs, including Prophet, PMCS and MPF data models (including EDW and legacy models).  Influence and guide technology solutions for Actuarial, and in general, represent Actuarial in all Technology related developments which impacts Actuarial
• Model development – recommend and develop actuarial models while ensuring that they meet business needs and requirements of AIA’s model risk governance framework
• Model strategy – recommend, develop, and own a coherent strategy for the actuarial models
• Prophet - Develop and maintain the prophet model. Be proactive engaging with the GO Prophet Change Management process. Look for opportunities to optimise Promise
• MPF creation models - specifying and reviewing EDW developments for MPF creation, maintain legacy models (e.g. access databases)
• PMCS maintenance and governance – manage AIA NZ users, setup, licences, changes etc
• Model validations – liaise with model owners within the Actuarial team regarding planning and execution of model validations, provide guidance and management support to the model validation process and validate models in line with AIA’s model risk governance framework
• Monthly claims processes – produce monthly claims accruals and reserves for Disability Income claims and ensure that the results are understood by the business
• Monthly MPF creation process – assist with the creation of monthly MPF’s as required
• Risk management - manage risks allocated to the Actuarial Systems team, ensuring that appropriate controls are implemented in line with AIA’s risk management framework and relevant policies and promote and implement effective and sustainable risk culture
• Maintenance of policies – ensure that AIA NZ’s policies and standards applicable to the Actuarial Systems function are updated annually to reflect changes in environment, business practices and needs
• Improvements – proactively identify opportunities for efficiencies and improvements within the Actuarial Systems function
• Appointed Actuary support – support the Appointed Actuary in meeting statutory requirements (including contribution to the Financial Condition Report)

About you:

You’ll effectively lead and manage the Actuarial Systems function, including but not limited to leading and coaching staff, managing workflow, strategic planning, developing team knowledge and capabilities.

• Proven experience with specialist actuarial software (e.g. DCS, Prophet) and statistical software (e.g. R, SAS), MS Office and data management tools (e.g. SQL)
• Proven experience in managing and leading teams and/or projects
• Proven experience in developing and using complex modelling and governance frameworks (across actuarial and non-actuarial areas of work)
• Proven experience in stakeholder management and business partnership
• Proven life financial reporting experience
• Sound understanding of NZ life insurance legislative and statutory requirements
• Detailed understanding of AIA’s commercial and regulatory environment (including products, markets and competitors)

Qualifications

• Fellow of the New Zealand Society of Actuaries (or equivalent) with a minimum of 2 years post qualification experience
• Comply with continuing professional development requirements and professional standards of the relevant actuarial body

Why choose AIA:

At AIA, we’ve made a promise to help people live healthier, longer, better lives. And it starts with our own people.

What’s next?

If you’re passionate about making a difference – then click the ‘Apply Now’ Button!

Applications close: 2 June 2021

Recruitment Agencies: Our Talent team does not require any recruitment agency support.

Interested Candidates: Apply using the ‘Apply’ button. No emailed applications accepted. For general enquiries only, contact:

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