Renewal Business Pricing, Analyst

Kuala Lumpur
Permanent
Full-time

15 days ago

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 RoleResponsible to perform re-pricing for existing clients, product benefit redesigning and in-depth analysis for both Conventional Group Insurance and Takaful.Roles and Responsibilities:

Perform renewal pricing for existing client that includes product and feature design
Help to execute the automated pricing model ensuring that it is accurate, up-to-date and complies with the agreed rules, policies, guidelines and within service level agreement
Help ensure accuracy of cost and utilization report that provides in-depth trend analysis, benchmark and insight to clients, and assist on-going maintenance
Ensure profitable growth through proactive renewal pricing
Actively ensure that own performance is contributing to meeting team’s proposal underwriting TAT and accuracy targets
Actively enhancing own technical knowledge and skills, which vary from system knowledge, pricing skill, analysis skill, way to handle complicated cases, etc.
Constantly look out for opportunities to improve pricing capability and SOP, i.e. pricing methodology review, pricing and underwriting skill, computing skill, business acumen, data analysis, system knowledge, etc.

Minimum Job Requirements:

Bachelor degree of Actuarial Science, insurance industry working experience is advantageous ·
Proficiency in statistics, computing and analytical methodology, e.g. Access, MS Office, any programming language optional but advantageous
Excellent written and verbal communication skills
Meticulous with detail, strong analytical qualities and very methodical in solving problems – able to translate insight into decision
Strong business acumen and commercial awareness – able to see things from customer’s perspective
Constantly strive to improve and strengthen existing way of working for higher efficiency
Able to work independently in a fast-paced environment
Possess strong commitment to team environment dynamics with the ability to contribute expertise and meet performance goals
Able to prioritize, operate proactively and coordinate several tasks simultaneously

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.

AIA

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