Business Pricing Actuary

1 week ago

Melbourne, Victoria, Australia Aia Full time

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:
As the Business Pricing Actuary, you will provide pricing support and product advice to assist in the delivery of optimal profitable, strategic and innovative pricing solutions for AIA's Retail business.

This is a 12-month max term contract opportunity based in Melbourne or Sydney.

To do this successfully you will:
- Provision of pricing support, profit testing, financial information and advice on the Retail product, terms and conditions ensuring the terms are consistent with the AIA philosophy- Develop, review, enhance and improve the efficiency of the pricing models and the pricing process- Review experience investigation results and liaise with the Finance team on assumption setting and advice as part of the product development process- Monitor the competitive market by the continuing to develop and maintain competitive pricing intelligence models- Prepare pricing reports, file Notes and communication of pricing and product results and analysis to internal stakeholders- Collaborate with the Reinsurance team to develop the reinsurance strategy and support negotiations with the reinsurers. Analyse and review the reinsurance arrangements- Participate in the due diligence process for client, reinsurance and policy documents- You hold a tertiary qualification in Actuarial Studies (or equivalent) and are a Fellow of the Actuaries Institute (Australia) or a comparable international body- Pricing experience, ideally within Life Insurance or Financial Services- You take initiative, effectively manage stakeholder expectations, and thrive in dynamic environments- You take full ownership of your work and are accountable for delivering impactful outcomes- You're skilled at synthesising complex data from multiple sources to craft innovative, data-backed solutions

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

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?

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