Job Description

At AIA we\xe2\x80\x99ve started an exciting movement to create a healthier, more sustainable future for everyone.

It\xe2\x80\x99s about finding new ways to not only better people\'s lives, but to better the communities and environments we live in. We need great Actuaries who want to be part of something bigger than finance alone. Because the better we can nurture our financial wellbeing as an organisation, the better we can support and make a difference for our customers when they need us most. By ensuring our products are well designed and priced, analysing business performance and ensuring proper management of insurance policies in-force, you\xe2\x80\x99re not just safeguarding AIA\xe2\x80\x99s financial wellbeing. You\xe2\x80\x99re securing a better future for the people and communities we serve - today, tomorrow and for generations to come.

If that interests you, read on.

About the Role
Responsible for providing actuarial services covering all aspects of the insurance business and financial control, including valuation calculations, statutory reporting, risk assessment and premium setting

• Prepare regular analyses and valuation calculations by product group / distribution channel in areas such as expenses and allowances, commission level
• Prepare statutory reporting to the regulatory authorities and management
• Report on functional strength, profitability, progress and specific portfolios
• Involve in tailoring the rate and setting the premium of individual insurance policies, calculating risk assessment and recommending policy surrender values and costs of policy changes
• Develop insurance products, establish premiums and advise on underwriting policy
• Support distribution channels in areas such as special quotations and product training
• Liaise with regulatory bodies on matters involving capital management / solvency