Renewal Business Pricing, Consultant
2 weeks ago
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
This is a supervisory position, assisting the function head in leading a team of Renewal Pricing Analysts, in performing re-pricing for existing clients, and prepare meaningful insight & analysis presentation.
Roles and Responsibilites
- Assist in renewal business strategic pricing execution, promptly and effectively.
- Assist in providing leadership to ensure proposed pricing aligns with the agreed policies & guidelines and within serve level agreement.
- Provide guidance to staffs in asolution first approach to meet customer needs.
- Assist in providing guidance to team in in-depth analysis, consultative insight & solution for client.
- Constantly look out for opportunities to improve pricing capability within the team, i.e. pricing methodology review, pricing and underwriting skill, computing skill, data analysis, system knowledge etc.
- Develop, maintain and update pricing model; ensure aligns with the agreed rules, policies, guidelines and within service level agreement
- Provide in-depth trend analysis, benchmark and insight to client, make professional recommendation and articulate in presentable way.
- SLA / TAT reports timely manner
- Work closely with the Analytics Team to determine right Cost and Utilization Report modelling that is capable to produce accurate and useful analysis for clients
- Work closely with the Medical Team to institutionalize the methodology in preparing trend analysis, benchmark, and insight that factors in cost containment
- Plan and manage team resources appropriately by effectively using the individual strengths and work styles
What You Will Need:
- Recognized degree in Actuarial or Finance with minimum 6 years of related working experience in the Insurance industry.
- Experience in Health Actuarial, Group Business Underwriting, Medical Pricing and/or Employee Benefits.
- Strong eye for business and commercial awareness, able to see things from customer’s perspective.
- Proficiency in statistical, computing skill and formulating analytical methodology, e.g. MS Excel, SQL.
- Strong analytical skill and able to translate insight into decision.
- Ability to work in environment with constantly evolving priorities and adaptable to change.
- “Can-Do” personality, creative and innovative in problem solving.
- Determined, disciplined and proactive in developing personal and technical skill.
- Build a career with us as we help our customers and the community live Healthier, Longer, Better Lives._
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