Product Pricing, Principal

• Lead a pricing team to deliver product pricing projects that span across product development and pricing of different product lines, in-force repricing, system implementation and process transformation
• Project manage the overall project with regular update to the Product Pricing Leadership Team, seeking support where needed
• Provide technical guidance to the pricing team in product pricing analysis, to support product development, to drive financial result optimization with the implementation of levers identified in Pricing R&D and Product Pricing Strategy, and to formulate risk mitigation strategies
• Oversee and support the pricing team in system implementation
• Secure endorsement/support from product approval functions in AIA HK and the Group office by ensuring that their interests, perspectives, and needs are addressed proactively
• Maintain documentation of all pricing work, and ensure compliance with relevant internal guidelines and standards
• Support Product Pricing leadership team on Pricing R&D and development / maintenance of product pricing strategy
• Approve special quotation recommendation from the team

Minimum Job Requirements:

• Qualified Actuary with at least 8 years of progressive experience working in direct life insurer, reinsurer, and/or consultancy.
• Familiarity with the fundamental principles and practices on assumption setting, asset/liability cash flow modelling, ALM, investment, capital management, medical business, and valuation; and/or and the operational areas related to the product implementation.
• Strong understanding of the financial and risk related issues of different product features and be able to assess and address these issues from a high level before carrying out more detailed analysis.
• Ability to write reports and to communicate verbally on the objectives, pricing, financial and the risk management of the products with technical functions in an effective manner.
• Strong project and team management skills
• Proficient command of spoken and written English. Cantonese/Mandarin a plus

Others:

• You are required to obtain relevant license if your job involves in regulated activities