New Business Pricing, Analyst

About the role

Support end-to-end pricing, portfolio performance monitoring, and experience studies for Group (Corporate Solutions) products, including assumption setting and analysis. Roles & Responsibilities: 1. Corporate Solutions (CS) Pricing Lead end-to-end product development and pricing to ensure competitiveness and alignment with profitability targets Deliver timely and accurate product implementation in accordance with agreed timelines Conduct case reviews and underwriting audits to ensure pricing integrity Develop and enhance pricing models using more advanced statistical approaches Review and update pricing assumptions on a regular basis Support governance processes, including reinsurance approvals 2. CS Portfolio Management Monitor portfolio performance, including claims and premium trends Perform regular portfolio studies covering key assumptions such as inflation, IBNR, mortality, and morbidity Recommend and implement rate revisions based on portfolio insights 3. Experience Studies Conduct experience studies for CS products to evaluate emerging trends Develop best estimate assumptions and deliver proposals within agreed timelines 4. Others Support corporate risk management to drive positive VoNB growth (Conventional & Takaful) Ensure compliance with internal policies and timely reporting (management reports, dashboards) Provide business support, including product training, marketing activities, and market research Manage operational processes (e.g. eGEF workflow) to ensure accuracy of rates and benefits Liaise with external stakeholders (reinsurers, TPAs), including fee negotiations and approvals Support ad-hoc projects and cross-functional initiatives Minimum Requirements: Bachelor's degree in Actuarial Science, Finance, Mathematics, or related field, with progress in actuarial exams being an advantage Minimum 2-3 years of relevant experience in life insurance pricing, underwriting, or Group Business Strong proficiency in Microsoft Excel; programming skills (e.g. VBA, Python, R) are an added advantage Experience working with stakeholders such as reinsurers or TPAs is an advantage Strong analytical, problem-solving, and decision-making skills with attention to detail Effective communication skills in English and Bahasa Malaysia Self-motivated team player with the ability to work independently Results-oriented, proactive, and driven to make an impact Build a career with us as we help our customers and the community live Healthier, Longer, Better Lives. You must provide all requested information, including Personal Data, to be considered for this career opportunity. Failure to provide such information may influence the processing and outcome of your application. You are responsible for ensuring that the information you submit is accurate and up-to-date.

Benefits

Additional Information

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 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're not just safeguarding AIA's financial wellbeing. You're securing a better future for the people and communities we serve - today, tomorrow and for generations to come. If that interests you, read on.

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