Analyst, Product Pricing

Kuala Lumpur
Permanent
Full-time

21 hours 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 RoleThis position is responsible for product pricing. The position would represent the department to handle simple request from various stakeholders and profitability analyses. He/she would also be in charge in engaging with retakaful operator for proposed retakaful arrangement on new product.Roles and Responsibilities:

Participate in product setup, system enhancement and user acceptance testing (UAT) for systems.
Review new product's feasibility and design.
Perform margin and pricing analysis in order to support business initiatives.
Prepare product approval documents and product filing materials, and ensure compliance with applicable laws, regulations and internal guidelines.
Set up reinsurance requirements.
Provide actuarial support on pricing, product development and business risk management.
Develop and maintain pricing system controls to ensure sales compliance within pricing guidelines.
Ensure pricing models are robust, easy to use and well documented.
Assist in shaping product features, conducting pricing and sensitivity testing for new and re-priced insurance products.
Assist in supporting Product Development team on illustration system setup, administration system implementation and preparation of contract provisions during product development cycle.
Involve in preparation and negotiation of re-takaful treaty with the re-takaful Company.

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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