Actuary, Business Underwriting Specialist

3 weeks ago


Singapore AIA Singapore Private Limited Full time
About the Role

The Business Underwriting team in Corporate Solutions division is seeking a skilled Actuary to support the team in pricing for group insurance policies, product development, portfolio management, and benefit advisory to clients and intermediaries. The successful candidate will be responsible for determining pricing for employee benefits insurance products in accordance with the company's underwriting standards, with the objective to minimize excess risks and maximize profits and retention.

Key Responsibilities:
  • Pricing and Risk Assessment: Determine pricing for employee benefits insurance products, regular review and monitoring to ensure portfolio profitability remains in line with best estimate assumptions.
  • Product Development and Experience Analysis: Develop new products and enhancements to existing products in line with company's product standards, refreshing pricing assumptions, pricing tools, and conducting regular experience analysis.
  • Reinsurance Management and Administration: Ensure timely and accurate submission of reports for reinsurance and pool administration, and assist in the review, negotiation, and analysis of reinsurance treaties.
  • Other Responsibilities: Other duties periodically assigned to meet overall business strategic, financial, and operational goals.
Requirements:
  • Bachelor's degree in Actuarial Studies / Mathematics & Statistics
  • At least 2 to 7 years of actuarial experience in Group Insurance / Employee Benefits / Health Insurance with a direct insurer or reinsurer
  • Professional actuarial qualification from a recognized international actuarial body with good progress towards qualification
  • Proficient with Microsoft Office (Word, Excel, PowerPoint, Access)
  • Proficient with SQL and at least one programming language
  • Experience with BI tools, e.g. Tableau, Quickview, Power BI, etc.
  • Meticulous and detailed
  • Strong analytical and problem-solving skills
  • Able to work both independently and within a team
  • Able to effectively manage multiple projects and priorities within tight timelines
Why Join AIA?

AIA is committed to creating a healthier, more sustainable future for everyone. As an Actuary with AIA, you will play a vital role in shaping the company's financial wellbeing and securing a better future for our customers and the community. We offer a dynamic and supportive work environment, opportunities for growth and development, and a competitive compensation package.



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