Product Pricing, Consultant

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 position is responsible for product pricing. The position would be required to handle simple request from various stakeholders and support profitability analyses. He / she would also be in charge in engaging with retakaful operator for proposed retakaful arrangement on new product.

Roles & Responsibilities

Product Development

• Lead the process of end to end new product development from technical product development through to system implementation, including the necessary approval processes.
• Support the Company in developing the product strategy including the product roadmap, as aligned with the customer proposition
• Proactively and frequently improve the product pricing process through automation, Prophet pricing, and reconciliation with valuation model.
• Ensure products are administered correctly in the system via robust User Acceptance Testing procedures.
• Effectively communicate pricing outcome and key sensitivities during Product Steering Committee and Product Development Committee.
• Support distribution channels on all product-related matters e.g. product roll out, training, sales collaterals.
• To liaise with retakaful operators while retakaful arrangement are in place for product launches.

Projects

Requirements

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.

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