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This job is an Actuarial Analyst at AIA, focused on designing smart insurance products to support communities. You might like this job because you’ll help shape a healthier future for everyone while using your math skills in a meaningful way!
Undisclosed
Kuala Lumpur, MY-AIA Malaysia, Kuala Lumpur
Job Description
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
Ensure that products pricing are sound and in-line with requirements set by Group and meets all local regulatory requirements.Ensure that distribution channel compensation (i.e. agency, partnership distribution) are sound and aligned to meet business objectives, including reasonable financial impact
Roles and Responsibilities:
Pricing: Provide value to our Stakeholders
Pricing
- Support a team of pricing professionals and supports pricing requests from Products Marketing. These includes financial assessment of new campaigns
- Propose reinsurance arrangement of new products and negotiate with reinsurers.
- Obtain appropriate approvals from Group and filing to local regulator.
Channel Compensation Subject-Matter Expertise
- Responsible to produce analysis to recommend compensation to distribution channels, balancing contest design attractiveness and prudence (e.g. avoid abuse risk)
- Produce metrics and dashboards, as required, to monitor and track the compensation matters.
Others
- Support company initiatives and adhoc request from other business functions.
- Processes improvements – to streamline and standardize analyses
- Performs other responsibilities and duties periodically assigned by supervisor.
Minimum Job Requirements:
- Bachelor degree in Actuarial Science or other educational background with significant mathematical and analytical courses
- Good technical, analytical and problem solving skills
- Good oral and written communication skills
- Proficiency in people management and development
- At least 2 years of actuarial experience
Build a career with us as we help our customers and the community live Healthier, Longer, Better Lives.
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.
Job Requirements
Company Benefits
Wellbeing support
We offer a range of wellbeing tools and programmes to help you think well, feel well, plan well and live well.
Opportunities for career growth
With our diverse up-skilling, mentorship, job mobility and career experiences, we will help shape your career, your way.
Diverse team culture
It's our differences that make us better together. We empower you to be your best and make a difference in your own unique ways.
Additional Info
Company Activity
Last active - few hours ago
Experience Level
0 - 10 Years of Experience
Company Profile
