Assistant Manager, Actuarial

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.

Valuation and Financial Reporting

• →Prepare monthly and quarterly actuarial valuation.
• →Support IFRS and local statutory reporting requirements.
• →Prepare reserve movement and variance analysis.
• →Assist in audit and regulatory queries.

Business Planning and Forecasting

• →Support projections of financial results for business planning, stress testing and capital management exercises.
• →Collaboration with Finance, and Channel teams to ensure alignment of assumptions and methodologies.

Experience Study

• →Perform operating and economic experience studies.
• →Analyze emerging experience and identify trends.
• →Recommend assumption updates where appropriate.

Product Pricing and Profitability Analysis

• →Support product development and pricing exercises by building and testing actuarial models.
• →Conduct sensitivity and scenario testing to assess profitability and risk under various assumptions.
• →Prepare pricing documentation and ensure compliance with internal governance, actuarial standard and regulation requirements.

Reinsurance

• →Prepare reinsurance premium and claim calculations.
• →Support treaty renewal discussions.
• →Analyze reinsurance experience and profitability.

Process Improvement and Model Development

• →Maintain and enhance actuarial models and automation tools (Prophet, Excel and etc)
• →Streamline data flow and automate reports to improve efficiency and accuracy
• →Participate in model validation and audit exercises.

Capital, Risk Management and Compliance:

• →Support solvency monitoring and capital projections.
• →Assist in stress testing and scenario analysis.
• →Ensure all actuarial processes compliance with relevant regulatory requirements, actuarial standards and company policies
• →Collaborate with internal and external stakeholders to address regulatory inquiries and audits.
• →Support preparation of documentation for internal audit and peer review.

Collaboration and Stakeholder Management:

• →Work closely with cross-functional teams, such as underwriting, marketing, and product development, reinsurance to support business initiatives.
• →Present analytical results and insights clearly to both technical and non-technical stakeholders.
• →Foster strong relationships with external partners, including reinsurers, auditors, and regulatory bodies.

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a Economics related field. Advanced degree preferred.
• Minimum 3 years of experience in the actuarial field.
• Strong knowledge of actuarial principles, insurance products, and industry regulations.
• Proficiency in actuarial software and advanced Excel modeling.
• Excellent analytical, problem-solving, and critical-thinking abilities.
• Ability to motivate and mentor junior team member.
• Exceptional communication and presentation skills, with the ability to convey complex concepts to both technical and non-technical stakeholders.
• Detail-oriented with a strong focus on accuracy and quality of work.
• Ability to adapt to a fast-paced and dynamic environment.

Build a career with us as we help our customers and the community live Healthier, Longer, Better Lives.

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