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

You will take ownership of Corporate Solutions (CS) pricing and portfolio management policy and associated technical standards, while also being responsible for the design of reporting/monitoring frameworks to ensure compliance across Local Business Unit (LBU). In addition, you will champion the CS initiatives and goals that have been committed to by LBUs and provide technical advice and support to help realise them. You will also contribute to the development and execution of Regional Corporate Solutions strategy to maintain and build on AIA’s regional position as market leader. You will build a lean and effective centre-of-excellence that enables sharing of value adding best practices with LBUs.

Roles and Responsibilities:

Champion benefits of AIA top-down strategic initiatives and secure LBU CS management support for inclusion in country strategic initiative pipeline and strategic business planNegotiate with internal counterparties balancing CS contribution to overall company targets against need for baseline resource to ensure initiative success and growth of business.Provide leadership and direction for the pricing and portfolio management team through the formulation of strategic goals and technical outcomes to be achieved through projects and regular LBU technical team engagement and prioritize resources for initiatives.Evaluate risk/benefit tradeoffs and settle technical decisions to guide development of underwriting standards and design of enforcement frameworksProvide expert technical support for LBUs and Group Corporate Solutions (GCS); for business-as-usual and drive the innovation and change agenda (e.g. Corporate Vitality, multi-year pricing, CS to Voluntary Solutions incentivisation in Agency)Understand the commercial themes in each LBU and provide practical strategies tailor-made for each market, channel and segmentsUnderstand the commercial themes of the MNC business and provide necessary technical and pricing support to achieve desired Key Performance Indicators (KPIs)Set technical standards and corresponding risk governance and oversightIdentify the technical constraints, gaps and needs of LBUsEnhance local technical capability learning, development and related operational capability in LBUs to better achieve KPIsWork together with LBUs to address the needs to execute sustainable technical solutions, including automation and digitalisation (e.g. Quote engines, i-renewal etc.)Prioritise initiatives and resource allocation by scale of likely benefitLead regular pricing and portfolio review discussions with local CS teams to maintain performance on trackDrive new product proposition from regional and local perspective where appropriate.Support strategic direction from AIA senior management through proposal of potential initiatives to LBU CS headsPromote the benefits of GCS initiatives among Group Office (GO)/LBU functional areas and ensure understanding of CS support needs and resource commitment to ensure achievement of initiatives aims and targets

Minimum Job Requirements:

Degree in Actuarial or highly numerate focus (Statistics, Mathematics, etc.)Fellowship of Internationally recognized Actuarial association (SOA, IAAust, IFoA, etc.) with minimum 15 years experience in Life InsuranceInsurance and Financial Services with significant senior management/leadership experienceDemonstrated development and execution of strategies and tactics.Highly developed relationship-building skills to foster effective working relationship with senior management and partners.Strong financial and commercial acumenBroad exposure to a combination of the following business disciplines; finance, marketing, strategy, customer service, operations, distribution, productExcellent communication skills, both written and verbal.  Sound understanding of insurance related financial metrics

Build a career with us as we help our customers and the community live Healthier, Longer, Better Lives.

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