Renewal Business Pricing, Analyst

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

At AIA, we've started an exciting movement to build 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. Encompassing our ambition of helping a billion people live Healthier, Longer, Better Lives by 2030.

So if you believe in building a better future, read on.

• What You Will Do:

• Assist in renewal business strategic pricing execution, promptly and effectively.
• Assist in providing leadership to ensure proposed pricing aligns with the agreed policies & guidelines and within serve level agreement.
• Provide guidance to staffs in “solution-driven” approach to meet customer need, both technical & intuition for business.
• Assist in providing guidance to team in in-depth analysis, consultative insight & solution for client.
• Constantly look out for opportunities to improve pricing capability within the team, i.e. pricing methodology review, pricing and underwriting skill, computing skill, intuition for business, data analysis, system knowledge etc.
• Develop, maintain and update pricing model; ensure aligns with the agreed rules, policies, guidelines and within service level agreement.
• Provide in-depth trend analysis, benchmark and insight to client, make professional recommendation and articulate in presentable way.
• SLA / TAT reports in timely manner.
• Work closely with the Analytics Team to determine right Cost and Utilization Report modelling that is capable to produce accurate and useful analysis for clients.
• Work closely with the Medical Team to institutionalize the methodology in preparing trend analysis, benchmark, and insight that factors in cost containment.
• Assist in team’s capability development, both technical and soft skills.
• Plan and manage team resources appropriately by effectively using the individual strengths and work styles.
• Contribute in Projects and/or initiatives as Subject Matter Experts.

• What You Will Need:

• Bachelor degree in Actuarial, Finance or equivalent with minimum 6 years of related working experience in the Insurance industry.
• Experience in Health Actuarial, Group Business Underwriting, Medical Pricing and/or Employee Benefits.
• Experience in pricing modelling, i.e. development and application.
• Strong eye for business and commercial awareness, able to see things from customer’s perspective.
• Proficiency in statistical, computing skill and formulating analytical methodology, e.g. MS Excel, SQL.
• Strong analytical skill and able to translate insight into decision.
• Ability to work in environment with constantly evolving priorities and adaptable to change.
• “Can-Do” personality, creative and innovative in problem solving.
• Excellent in prioritization, execution and multi-tasking with strong sense of urgency and commitment to meet performance targets.
• Hard-working, disciplined and proactive in developing personal and technical skill.

AIA is an equal opportunity employer. We value diversity and inclusion and are committed to creating an inclusive environment for all employees. We also provide reasonable accommodations/adjustments to individuals with disabilities to enable them to participate fully in the application process. If you require an accommodation/adjustment due to a disability, please let us know when submitting your application.

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.

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.