Actuarial, Senior Principal

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

Support the Chief Product Actuary to provide actuarial expertise and advice to management on business plan and initiatives to achieve the company and department performance objectives. Coach the team on pricing reviews, development of distribution initiatives, experience monitoring and assumption setting.

Roles And Responsibilities:

• Coach the team on pricing reviews, distribution initiative assessments and other duties/special projects related to product development. (30%)
• Represent actuarial in discussions and meetings with management, proposition and marketing, sales channels to provide support and advice on product / distribution issues. (20%)
• Represent Actuarial in committees and special projects to provide actuarial view and input on various business issues. (10%)
• Review experience studies / reports and propose best estimate assumptions timely. Report if any adverse trend and abnormality is observed. (20%)
• Support Chief Product Actuary in co-ordination of task assignment and resources for the team. (10%)
• Perform other responsibilities and duties periodically assigned by Chief Product Actuary in order to meet business or other requirements. (10%)
• Ensure team members who perform regulated activities have obtained the relevant licenses and fulfilled the licensing requirements.

Minimum Job Requirements:

• University / College graduate plus at least 10 years of relevant experience
• Attain Actuarial Fellowship
• Knowledge in insurance products and various financial reporting bases
• Knowledge in fund management and pricing strategy will be an advantage
• Proficiency in MS Office (e.g. VBA), Actuarial Software
• Proficient command of spoken and written English and Chinese
• Excellent project management skill and staff management skill

Others:

• You are required to obtain relevant license if your job involves in regulated activities

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.