Bring your career aspirations to life with AIA!
Responsible for pricing insurance products using relevant actuarial techniques- 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 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 requirements of Actuarial; review product development deliverables for reasonableness and accuracy
- Responsible for fulfillment 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
Review distribution channel compensation or campaign assessment results; communicate effectively with various channel heads proposals or counter proposals and results of assessments
JOB REQUIREMENTS
- College graduate with at least Bachelor’s degree related in math/statistics with good scholastic records.
- 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.
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