Actuarial, Analyst

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About the Role

Ensure that products pricing are sound and in-line with requirements set by Group and meets all local regulatory requirements.

Ensure that distribution channel compensation (i.e. agency, partnership distribution) are sound and aligned to meet business objectives, including reasonable financial impacts

Produce timely management information and insightful analysis on the key financial performance indicator of AIA Malaysia to drive strategic discussions / actions.

Pricing

• Support a team of pricing professionals and supports pricing requests from Products Marketing. These includes financial assessment of new campaigns
• Propose reinsurance arrangement of new products and negotiate with reinsurers.
• Obtain appropriate approvals from Group and filing to local regulator.

TechnicalLead

• Support the accuracy of pricing models to ensure that the pricing team can produce the pricing metrics and analyses required by Group Office
• Quality assurance for pricing templates, pricing tools and sales illustration calculators

Channel Compensation Subject-Matter Expertise

• Responsible to produce analysis to recommend compensation to distribution channels, balancing contest design attractiveness and prudence (e.g. avoid abuse risk)
• Produce metrics and dashboards, as required, to monitor and track the compensation matters.

Others

• Support company initiatives and adhoc request from other business functions.
• Processes improvements - to streamline and standardize analyses
• Performs other responsibilities and duties periodically assigned by supervisor.

Minimum Job Requirements

• Bachelor degree in Actuarial Science or other educational background with significant mathematical and analytical courses
• Good technical, analytical and problem solving skills
• Good oral and written communication skills
• Proficiency in people management and development
• At least 3 years of actuarial experience, with at least 1 year in products pricing