What are the responsibilities and job description for the Pricing Analyst position at AIA Australia Limited?
The opportunity:
We have an opportunity for a Pricing Analyst to support the Senior Manager, Corporate Pricing to provide product and pricing terms for a specified portfolio of clients by performing pricing and profit testing within agreed timelines.
This role can be based in Sydney or Melbourne.
To do this successfully you will:
- Ensure all pricing activities follow AIA Pricing Strategy, sign off & governance procedures across Actuarial, Product, Operations, Reinsurance and Group Office guidelines.
- Conduct regular loss ratio analysis reviews to determine profitability and experience
- Ensure terms being quoted on are consistent with Risk Preference Statement and support installation of policies on the administration system where appropriate.
- Support Product team with due diligence reviews of customer disclosure material.
- Support Operations to ensure efficient policy insurance (and reinsurance) administration.
- Work together with the Strategic Partnership and Business Development teams in managing reinsurance terms for new corporate opportunities.
- Provide documentation in the form of Pricing Notes and assist in the development of the Risk Assessment Matrix where required.
- Support the Business Development and Strategic Partnership teams by meeting with intermediaries, reinsurers, prospects and clients on pricing issues.
Successful applications will demonstrate:
- Tertiary qualified and has made some progress in Actuarial Fellowship qualifications
- Proven pricing experience of Life Insurance products, preferably with experience in group pricing
- Knowledge of the group insurance market preferred
- Understanding of the key drivers of the Group Insurance market preferred
- Sound understanding of actuarial concepts, capital, profit and value measures
- Sound analytical and problem solving skills
- Strong Excel spreadsheet skills
- Understanding performance targets and measurement
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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 arrangement
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 2023 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.
