Product Pricing, Principal

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.

- Lead a pricing team to deliver product pricing projects that span across product development and pricing of different product lines, in-force repricing, system implementation and process transformation (70%)

• →Project manage the overall project with regular update to the Product Pricing Leadership Team, seeking support where needed.
• →Provide technical guidance to the pricing team in product pricing analysis, to support product development, to drive financial result optimization with the implementation of levers identified in Pricing R&D and Product Pricing Strategy, and to formulate risk mitigation strategies.
• →Oversee and support the pricing team in system implementation.
• →Secure endorsement/support from product approval functions in AIA HK and the Group office by ensuring that their interests, perspectives, and needs are addressed proactively.
• →Maintain documentation of all pricing work, and ensure compliance with relevant internal guidelines and standards.

- Support Product Pricing leadership team on Pricing R&D and development / maintenance of product pricing strategy (25%)

- Approve special quotation recommendation from the team (5%)

• Qualified Actuary with at least 8 years of progressive experience working in direct life insurer, reinsurer, and/or consultancy.
• Familiarity with the fundamental principles and practices on assumption setting, asset/liability cash flow modelling, ALM, investment, capital management, medical business, and valuation; and/or and the operational areas related to the product implementation.
• Strong understanding of the financial and risk related issues of different product features and be able to assess and address these issues from a high level before carrying out more detailed analysis.
• Ability to write reports and to communicate verbally on the objectives, pricing, financial and the risk management of the products with technical functions in an effective manner.
• Strong project and team management skills
• Proficient command of spoken and written English. Cantonese/Mandarin a plus

• 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.

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