Product Pricing, Specialist

At AIA we've started an exciting movement to create a healthier, more sustainable future for everyone.

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About the Role

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

Roles & Responsibilities:

Product Development

• Lead the process of end to end new product development from technical product development through to system implementation, including the necessary approval processes.
• Support the Company in developing the product strategy including the product roadmap, as aligned with the customer proposition..
• Proactively and frequently improve the product pricing process through automation, Prophet pricing, and reconciliation with valuation model..
• Ensure products are administered correctly in the system via robust User Acceptance Testing procedures.
• Effectively communicate pricing outcome and key sensitivities during Product Development Committee..
• Support distribution channels on all product-related matters e.g. product roll out, training, sales collaterals.

Project and others

• In collaboration with Marketing and Distribution leads, manage enhancements and other changes to products in conjunction with up-sell/ cross-sell promotions and sales campaigns
• Drive and lead ad-hoc projects based on emerging business needs.
• Perform other responsibilities and duties periodically assigned by supervisor in order to meet operational and/or other requirements.
• Assist and be involved in data analytics tasks in order to support business decisions.

Minimum Job Requirements:

• Bachelor degree holder, preferably in Actuarial Science or other educational background with significant mathematical and analytical courses
• Good progress in paper of an internationally recognized actuarial body
• 4-7 years of actuarial experience
• Detail-oriented and ability to work independently