Senior Manager, Group Pricing

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. And 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 Senior Manager, Group Pricing to join our Group Pricing team. Located in Sydney or Melbourne and reporting to the Head of Pricing-Partnerships, you will lead and manage the pricing strategy of a specific portfolio of clients within the Group Pricing team to deliver key strategies for the Group Insurance channel.

You will do this by providing risk assessment, product and pricing terms, claims experience analysis, assessment of how members' insurance needs are met, strategic insights and influencing the strategy and direction that clients take on new business opportunities, future product design and other client retention activities.

To do this successfully you will:

• Drive and influence the pricing strategy for the client portfolio including identifying the optimal profitable, strategic, sustainable and innovative pricing solutions that will allow the business to retain and win insurance business
• Provide significant technical pricing leadership to the team, as well as broader commercial business skills and acumen
• Collaborate with the Reinsurance team to develop and implement the reinsurance strategy
• Prepare and/or review Pricing reports and Risk Assessment Matrix (including the development and maintenance of the client risk profile) for all material product and pricing changes for the Actuarial team's review and approval
• Ensure GMs of Distribution, Client Leads and Client Development Managers and their clients are provided with strategic pricing support and insights in a timely and easy to comprehend manner.
• Assist the GMs of Distribution, Head of Product, and the Client Leads/Client Development Managers to influence the strategic product direction of our clients and provide guidance on complex pricing issues.
• Ensure all pricing activities follow the AIA Pricing Strategy, sign-off & governance procedures across Actuarial, Operations, Reinsurance and Group Office (where applicable).
• Lead, recruit, develop, retain and manage the team, including providing professional guidance, ensuring the team members can confidently engage with clients regularly and with high quality work

Successful applications will demonstrate:

• Tertiary qualified with Actuarial Fellowship qualifications
• Significant pricing experience of Group insurance products in the Master Trust/Industry funds segment
• Excellent knowledge and experience of each group insurance product
• An in depth understanding of the key drivers of Group Insurance business
• A sound understanding of actuarial concepts, capital, profit and value measures
• Excellent analytical and problem-solving skills
• Proven leadership expertise with the ability to motivate employees and provide constructive feedback
• The ability to exercise a high level of professional judgment

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 Australian's 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 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.

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. We are proud that this difference has been recognised 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 organisation that helps people live better every single day, apply via the link.