Senior Actuarial Associate

Senior Actuarial Associate

AIA Group
Hong Kong Macau
2-5 years
Not Specified

Job Description

Bring your career aspirations to life with AIA!Support the Senior Actuarial Manager in product development and maintenance / distribution initiatives by preparing product pricing / financial analysis and performing system checks.
Perform studies to support the actuarial function. Review existing product performance and actual operational experience.
Roles & Responsibilities:
Product / distribution initiative
  • Prepare new product pricing and financial analysis of distribution initiatives to meet the financial requirements of the company. Suggest and justify the use of assumptions in pricing models.  Conduct profitability analysis of existing products.
  • Prepare user requirement and performs testing for the actuarial related areas in the product implementation cycle to ensure accuracy and timeliness of system delivery. Coordinate with other stakeholders to ensure the achievements of deliverables.
  • Prepare experience studies / reports. Meet agreed timelines and with accuracy. Provide observation and comments on the results. 
  • Support Actuarial team in preparing the reinsurance forms / filings on new or existing reinsurance arrangement. Assist product implementation which involves reinsurance.

Other responsibilities
  • Communicate with IT and prepare user requirement for various studies and system development.
  • Develop special quotations.
  • Perform other responsibilities and duties periodically assigned by supervisor in order to meet operational and/or other requirements.
  • Assist manager in coordinating among teams on ad-hoc tasks.

Minimum Job Requirements:
  • University / College graduate in Mathematics, Statistics, Actuarial Science or relevant subject
  • Knowledge in insurance products and market trend plus at least 2 years of relevant experience, financial reporting experience will be a plus
  • Proficient in statistical computer software/ knowledge in actuarial software e.g. Prophet is a plus
  • Proficient in MS Office and database skills
  • Good command of written and spoken English and Chinese

You are required to obtain relevant license if your job involves in regulated activities
Build a career with us as we help our customers and the community live healthier, longer, better lives.
You must provide all requested information, including Personal Data, to be considered for this career opportunity. Failure to provide such information may influence the processing and outcome of your application. You are responsible for ensuring that the information you submit is accurate and up-to-date.

Job Details

About AIA Group

For a century, we have served millions of people and generations of families all around the Asia-Pacific region.AIA is the largest independent publicly listed pan-Asian life insurance group – with a presence in 18 markets across the Asia-Pacific region.Our Vision is to be the world’s pre-eminent life insurance provider. That is our service to our customers and our shareholders.Our Purpose is to play a leadership role in driving economic and social development across the region. That is our service to societies and their people.Our Promise to help people live Healthier, Longer, Better Lives.

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