What are the responsibilities and job description for the Group Pricing Business Partner position at AIA Australia Limited?
The opportunity:
As a Pricing Business Partner for our Group Pricing team, you will partner with stakeholders across our Master Trust client portfolio by providing strategic insights that drive profitable and innovative pricing solutions. This includes providing risk assessments, product and pricing terms, claims experience analysis, assessment of how members’ insurance needs are met and future product design.
This is an exciting opportunity to join a dynamic, supportive, and collaborative team. You will work to provide support for the achievement of profit and revenue targets across the Group Insurance business each financial year through client retention and growth.
This is a full-time permanent opportunity based in either Melbourne or Sydney.
To do this successfully you will:
- Manage the pricing strategy for the client portfolio including identifying the optimal profitable, strategic and innovative pricing solutions that will allow the business to retain and win insurance business
- Support the Senior Manager to provide technical pricing oversight to the team, as well as broader commercial business skills and acumen
- Effectively contribute to the achievement of premium revenue and profit objectives for the Group Insurance business
- Support negotiations with the reinsurers to obtain the best outcome for the business for on-going renewals, mid-contract product and pricing reviews and new business tenders
- Ensure all pricing activities follow AIA Pricing Strategy, sign off & governance processes across Actuarial, Product, Operations, Reinsurance and Group Office guidelines
- Participation and input into the customer retention and growth programs
- Proactively provide client partners with insights into emerging claims experience and trends
- Provide mentoring and coaching support for Pricing Specialists and Analysts
Successful applications will demonstrate:
- FIAA (or equivalent) qualified or have made significant progress towards FIAA qualification
- Experience pricing group insurance products, ideally in a partnership/relationship management role
- Strong understanding of the group insurance market and the key drivers impacting both insurers and reinsurers
- Knowledge and experience working with actuarial concepts, capital, profit and value measures
- Strong relationship management skills which allow you to successfully engage, influence and strategise with a wide range of internal stakeholders and external partners
- Excellent communication backed with sound analysis skills
- An analytic thinker with strong attention to detail and the ability to find creative solutions to problems
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 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 today.
