Pricing Specialist

time left to apply End Date: May 31, days left to apply)

job requisition id JR-57348

BE THE DIFFERENCE

At AIA, we don't simply believe in being 'the best'. We believe in better – because there's no limit to how far 'better' can take us. Everything we do is driven by our purpose to make a difference by helping people embrace healthier, longer, better lives. Every one of our people has an important role to play. If you want to make a difference by helping shape a healthier, better-protected Australia, read on.

The opportunity:

We have an opportunity available for a Pricing Specialist to join our Group Pricing team. Located in Sydney and reporting to the Senior Manager – Group Pricing, you will play a key role in providing product and pricing terms for a specified portfolio of clients by performing and/or reviewing pricing and profit testing within agreed timelines. This will involve working closely with the Group Partnership team, Product, Reinsurance, and Actuarial teams, and reinsurers to deliver effective and sustainable solutions.

This is a full-time permanent opportunity and can be located in either Melbourne or Sydney.

To do this successfully you will:

• Ensure all pricing activities follow AIA Pricing Strategy, sign-off, and governance procedures across Actuarial, Product, Operations, Reinsurance, and Group Office guidelines (where applicable)
• Conduct regular loss ratio analysis reviews to determine profitability and experience
• Liaise with the Pricing Business Partner and/or Senior Manager for pricing guidance and authorization outside of delegated authority level
• Support the Product team with due diligence reviews of customer disclosure material
• Support Operations to ensure efficient policy insurance (and reinsurance) administration
• Work together with the Group Partnership team in managing reinsurance terms for new corporate opportunities (where falling outside treaty referral limits) and new business tenders
• Ensure pricing meets AIA required profit margins & return on capital measures, while balancing competitiveness with effectively allowing for the costs and profitability of the business being sought

Successful applications will demonstrate:

• Prior experience as a pricing specialist with proven knowledge in group insurance
• A background in actuarial studies with progress in Actuarial Fellowship qualifications desirable
• Sound understanding of actuarial concepts, capital, profit, and value measures
• Understanding of the key drivers of the Group Insurance market
• Strong analytical and problem-solving skills with an understanding of performance targets and measurement

Why choose AIA:

At AIA, we've made a promise to help people live healthier, longer, better lives. And it starts with our own people.

• Access our training and development to build on your current skills
• Career development through internal mobility opportunities
• Work for a business helping millions of Australians and make a difference in someone's life every day
• Access additional leave days a year to recharge and refresh yourself
• Enjoy wonderful health and wellbeing initiatives that support you
• Work with supportive and inclusive managers
• Flexible working arrangements

At AIA Australia, we're proud to help guide, support, and protect the wellbeing of over 3.5 million Australians. As part of the AIA Group—the largest independent publicly listed pan-Asian life insurance group—it is our ambition to engage one billion people to live healthier, longer, better lives by 2030.

What makes us truly different at AIA is the difference we make in people's lives. We are proud that this difference has been recognized in the 2024 ANZIIF awards by being named Life Insurance Company of the Year.

AIA is different. Are you?

If you want to be part of an organization that helps people live better every single day, apply via the link.

time left to apply End Date: May 31, days left to apply)

time left to apply End Date: May 24, days left to apply)

At AIA, we've started an exciting movement to create a healthier, more sustainable future for everyone. It's about finding new ways to not only better people's lives but also to better the communities and environments we live in.

As the largest listed company on the Hong Kong Stock Exchange, we've been proudly making a difference for people and communities across Asia for over a century. We build on this every day with our ambition to engage one billion people to live healthier, longer, better lives by 2030.

If you work at AIA, you play an important part in this movement. We give you every opportunity to learn, grow, and shape your career—your way. Inspiring and supporting you to thrive—not just at work, but in life.