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:

We have an opportunity for a Senior Actuary to join our Capital function, reporting to our Appointed Actuary. In this role, you’ll manage and lead the Capital function, perform regular solvency calculations including regulatory and internal reporting, support development and implementation of AIA NZ’s capital management, while providing thought leadership and strategic advice to the Appointed Actuary and the broader business.  

About the role:

You’ll work with a varied set of stakeholders such as the auditors and regulator along with internal teams; Finance, Actuarial, Risk, etc. You’ll be someone who can effectively lead and manage, lead and coach a small team, their workflows, strategic planning, developing team knowledge and capabilities.

In this role, you will manage all aspects of actuarial work within the Actuarial Capital function take ownership for the following:

• Data and models – ensure data, models and related processes exclusively used within the Actuarial Capital function are fit for purpose and meet business needs

• Monthly solvency calculations – produce monthly solvency calculations and reporting, while ensuring that the implication of results are understood by the business

• Capital management – contribute to development and implementation of AIA NZ’s capital management strategy, review AIA NZ’s target surplus, assess impacts of strategic decisions on AIA NZ’s risk profile and risk-based capital and lead development of AIA NZ’s capital modeling capability

• Reinsurance – As the reinsurance function is within the same team under the Appointed Actuary there may be from time to time reinsurance work to get involved in and contribute to

• External solvency reporting – prepare six-monthly solvency return to RBNZ (including projections) and provide information for AIA Group’s reporting

• Rating agency reporting – assist in the preparation of rating agency annual returns

• Board and other papers – prepare FRC, BARC and Board papers in respect of results produced by the Actuarial Capital function

• Appointed Actuary support – support the Appointed Actuary in meeting statutory requirements (including contribution to the Financial Condition Report)

About you:

• An inspiring leader with the ability to make decisions, delegate work and direct and develop a team – you don’t need to have formally managed a team previously but can demonstrate experience in being a leader

• Be able to influence senior internal and external stakeholders, including FRC members, Board directors and regulators where necessary

• You’ll keep abreast of the regulatory and commercial environment and industry best practice

• Being able to identify and assess potential intended and unintended consequences of advice given to the business

• Have knowledge and understanding of theory and practice for the Actuarial Capital function and beyond

• Have detailed understanding of what the best actuarial practice looks like for the Actuarial Capital function

• Have systems experience with tool such as DCS, Prophet, Glean, MS Office and specialist capital modelling software

• A Fellow of the New Zealand Society of Actuaries (or equivalent) with a minimum of 5 years post qualification experience

• Committed to 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.

• We invest in training and development to build on your current skills

• Career development through internal mobility opportunities

• Work for a business helping make positive health and wellbeing changes to the lives of New Zealanders

• Access additional leave days to recharge and refresh yourself

• Enjoy wonderful Health and Wellbeing initiatives that support you

• Work with supportive and inclusive managers

• Flexible working arrangements

What’s next?

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

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:

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.