Manager, Actuarial

6 days ago


Singapore AIA Full time

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.

WE ARE LOOKING FOR.....

The incumbent’s main responsibility is supporting Appointed Actuary on product pricing review, which includes internal filing and regulatory product filing and case underwriting. The incumbent is also responsible for HNW, Participating and reviewable rates products management.

This position is required to communicate, coordinate and negotiate effectively and professionally with the various stakeholders listed below and strike a balance when there is conflict of interest:

- Actuarial Department
- Group Actuarial and local Senior Management
- Product Development, Marketing, Legal, Distribution, Operations, Technology, Finance
- External: Reinsurers, MAS, MOH, CPFB, LIA
- New product pricing and re-pricing review
- Provide technical support to Pricing team as and when is needed
- CS case underwriting review
- In-force management for CS business and HNW
- Participating and reviewable rates products management
- Financials review of product and customer campaign
- Vitality Wellness Program pricing
- Financials and risks assessment on underwriting initiatives
- ILP fund review and filing
- Products meeting the pricing criteria
- To show strong technical knowledge and experience in product pricing/design with business acumen while adhering to regulatory and corporate requirements.
- To recommend approval of product in a professional and timely manner.
- Timely and accurate submission of product filings and highlighting key issues to management promptly for action if necessary
- To build and become an enabling actuarial function supporting product pricing in-line with organizational business goals whilst adhering to professional standards.

Job Requirements
- Degree in Actuarial Science or relevant
- At least 8 years of working experience in Actuarial
- Qualified actuary from a recognized international actuarial body
- Excellent interpersonal and communication skills, commercial acumen and superior analytical skills
- Experience of management of a team or proven coaching ability
- Build a career with us as we help our customers and the community live Healthier, Longer, Better Lives._


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