Pricing Strategy Manager

3 weeks ago


Hong Kong, Central and Western District, Hong Kong SAR China AIA International Limited. Full time
About the Role

To lead a pricing team to deliver pricing projects, with supports from the Product Pricing Leadership Team.

  • Project manage the overall project with regular update to the Product Pricing Leadership Team, seeking support where needed

Key Responsibilities:

  • Lead a pricing team to deliver product pricing projects that span across product development and pricing of different product lines, in-force repricing, system implementation and process transformation
    • Provide technical guidance to the pricing team in product pricing analysis, to support product development, to drive financial result optimization with the implementation of levers identified in Pricing R&D and Product Pricing Strategy, and to formulate risk mitigation strategies
    • Oversee and support the pricing team in system implementation
    • Secure endorsement/support from product approval functions in AIA HK and the Group office by ensuring that their interests, perspectives, and needs are addressed proactively
  • Support Product Pricing leadership team on Pricing R&D and development / maintenance of product pricing strategy
  • Approve special quotation recommendation from the team
Requirements
  • Qualified Actuary with at least 8 years of progressive experience working in direct life insurer, reinsurer, and/or consultancy.
  • Familiarity with the fundamental principles and practices on assumption setting, asset/liability cash flow modelling, ALM, investment, capital management, medical business, and valuation; and/or and the operational areas related to the product implementation.
  • Strong understanding of the financial and risk related issues of different product features and be able to assess and address these issues from a high level before carrying out more detailed analysis.
  • Ability to write reports and to communicate verbally on the objectives, pricing, financial and the risk management of the products with technical functions in an effective manner.
  • Strong project and team management skills
  • Proficient command of spoken and written English. Cantonese/Mandarin a plus
Benefits

We offer a competitive salary package of HKD 800,000 - HKD 1,200,000 per annum, depending on your experience and qualifications, along with a comprehensive benefits package, including medical and dental insurance, retirement plan, and generous leave entitlements.



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