Join to apply for the Specialist, Product Pricing role at AIA Malaysia
AIA Malaysia Kuala Lumpur, Federal Territory of Kuala Lumpur, Malaysia
About the Role
AIA has 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 also 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.
Roles & Responsibilities
- 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
In collaboration with Marketing and Distribution leads, manage enhancements and other changes to products in conjunction with up‑sell / cross‑sell promotions and sales campaignsDrive and lead ad‑hoc projects based on emerging business needs. Several examples of expected projects are management of medical portfolio, financial analysis required by Group Office in relation to embedded value and value of new business metrics, and investigations on administration systems based on production issue tickets raised.Assist and be involved in data analytics tasks in order to support business decisions.Perform other responsibilities and duties periodically assigned by supervisor in order to meet operational and / or other requirementsRequirements
Bachelor degree holder, preferably in Actuarial Science or other educational background with significant mathematical and analytical coursesGood progress in papers of an internationally recognised actuarial bodyMinimum 4 years of actuarial experience, with experiences in pricingDetail‑oriented and ability to work independentlyBuild 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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