Senior Product Pricing Leader
4 weeks ago
AIA International Limited seeks an experienced Actuary to drive sustainable and profitable growth of new business in one or multiple product lines. As a key member of the Product Pricing Leadership Team, you will support the Head of Product Pricing to develop and implement effective pricing strategies.
About the RoleYou will take ownership of the sustainable profitable growth of new business for one/multiple product line(s), leading research and development initiatives in collaboration with technical teams. This involves actively exploring levers and tools to improve product competitiveness and financial outcomes through enhancing profit emergence in EV/IFRS 17/HKRBC, ALM, investment strategy, and risk management approach.
- Develop and update Pricing R&D documents for discussion/endorsement/approval of assumptions, measurement, and management approaches to enhance product pricing outcomes.
- Formulate product pricing strategies, identifying R&D enablers, suitable new products, and management actions to compete for and take advantage of market opportunities.
You will also monitor new business sales and financial performance, as well as the market landscape, to identify weaknesses and opportunities to evolve the product pricing strategy.
Requirements- Qualified Actuary with at least 10 years of progressive experience working in direct life insurers, reinsurers, and/or consultancy.
- Clear understanding of full range of product lines: par saving, critical illness, medical, universal life, corporate solution, unit link, pension, retirement products, and protection products, with expertise in some of them.
- Deep expertise in assumption setting, asset/liability cash flow modeling, ALM, investment, capital management, medical business, and valuation.
- Good understanding of stakeholders' interests, perspectives, and needs, and ability to develop effective professional relationships across an organization.
The estimated annual salary for this role is $120,000 - $180,000, depending on experience and qualifications. If you are a motivated and experienced Actuary looking to make a significant impact, please apply today
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