Group Pricing Actuary

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. And every one of our people has an important part 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 Group Pricing Actuary to join our Group Pricing team at AIA in either Melbourne or Sydney. Reporting to the Head of Pricing, Major Accounts and Portfolio Management you will provide actuarial insights and pricing solutions for our group insurance partners, with a focus on the major accounts. You will also play a key role in the implementation of new pricing techniques.

To do this successfully you will:

- Act as a key pricing contact for a portfolio of existing clients to understand the needs of insurance partners to deliver insights and pricing solutions
- Price new group business tenders within the major accounts portfolio to deliver optimal profitable pricing outcomes to achieve growth and profit objectives
- Preparation of CPS 320 pricing reports, leading the governance and internal approval process
- Play a key role in the development of pricing and experience analysis models to improve insights into claims experience and pricing techniques
- Collaborate with the Data Analytics and Experience investigation team to deliver claims insights
- Price and/or review pricing of group new business tenders within the major accounts portfolio ensuring the terms are consistent with the AIA philosophy
- Provide coaching support to Pricing Analysts in the team
- Perform other responsibilities and duties periodically assigned by the Head of Pricing, Major Accounts and Portfolio Management in order to meet reasonable operational and/or other requirements.
- Demonstrated actuarial experience within either the financial services or life insurance industries
- Experience working within group pricing
- Tertiary qualification and being a fully qualified actuary (Fellow)
- Exceptional stakeholder engagement skills
- Strong technical skills and a data driven focus
- A solid understanding of capital, profit and value measures and business drivers
- The ability to think outside the box where data may be limited.

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 to someone’s life everyday
- 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 arrangement

At AIA Australia, we’re proud to help guide, support and protect the wellbeing of over 3.5 million Australians. Through life and health insurance, financial wellbeing and our total wellbeing ecosystem that includes AIA Vitality - the world’s leading science-backed wellbeing program - we’ve started a movement to make Australia the healthiest, best protected nation in the world.

As part of the AIA Group - the largest independent publicly listed pan-Asian life insurance group with a presence in 18 markets in Asia-Pacific - it is our ambition to engage one billion people to live Healthier, Longer, Better Lives by 2030. Lots of companies like to say they’re different. What makes us truly different at AIA, is the difference we make in people’s lives.

AIA is different. Are you?