Actuarial, Pricipal

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

Pricing consultant

Pricing: Provide value to our Stakeholders

1. Product development
- Develop customer-centric products that provide value to our customers, shareholders and distribution partners while meeting Regulatory requirements
- Pro-actively suggest product designs (in the right way) that can provide better value to customers (benefits, price, experience), shareholders (margin improvement and risk management), with sound risk-management
- Set assumptions that are sensible, reasonable, sustainable, prudent while not being overly conservative until it prevents better value to customers and shareholders
- Focus on value-added analysis to provide financial insights to influence business decision-making for sustainable growth
- Work collaboratively within the team and across functions
- Provide solutions and options to Stakeholders, so we're perceived as business partners and not just challengers

2. Pricing deliverables
- Be accountable for Pricing's accuracy and timeliness of deliverables, and maintain self-approval authority for Malaysia as accredited LBU
- Highlight potential issues early (product design, resource management, assumptions, new regulations, business strategy) for smooth implementation. This keeps bosses informed of issues early for getting direction or agreement
- Obtain necessary approvals (Regulator and Group Office) timely, giving adequate time for review. Issues should be highlighted and resolved earlier to avoid last-minute surprises or changes
- Product Approval Documents should be well documented, accurate to be informative to the target audience. Assumptions should be firmed by Gate 2 PDC stage, and final approval from CFO and CRO obtained before product launch
- Build a career with us as we help our customers and the community live Healthier, Longer, Better Lives._