Actuarial Assistant Manager

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.

About the Role

The role is to assist the Senior Actuarial Manager by: (1) owning regular actuarial reporting and analysis; (2) contributing to the Reporting Pipeline Improvement project; (3) providing actuarial insights for strategic initiatives that support the Company’s business objectives; and (4) managing junior team members.

Roles and Responsibilities

The role is to assist the Senior Actuarial Manager by: (1) owning regular actuarial reporting and analysis; (2) contributing to the Reporting Pipeline Improvement project; (3) providing actuarial insights for strategic initiatives that support the Company’s business objectives; and (4) managing junior team members.

• Own the following BAU area

Regular actuarial report & analysis, including calculation and trend explanation of reserve, solvency, embedded value, operating profit (OPAT), Value of New Business (VONB), reinsurance, and persistency.

Quarterly / Monthly Management Report (QMR)

Reinsurance admin

Yearly business / strategic plan

Yearly experience study

Working with regulator / auditor

• Contribute to the project “Reporting pipeline improvement”

Set up Azure Microsoft SQL Server database to store historical and current reporting (actual/target) data.

Use Python & T-SQL to automate / calculate any output requirement.

Setup dashboard in Power BI to replace existing Excel-based report.

Implementation of IFRS17

• Provide actuarial support for ad hoc strategic initiatives across distribution channels and perform other tasks assigned by the manager as business requirements arise.
• Manage and train junior member in the team including Programming / Coding, Actuarial concept, Accounting concept, work ethic

Communication Requirements Internal

(80% internal)

Input request, project timeline, result presentation, UAT result

Key stakeholders

Group Finance, Group Actuarial, Local Finance, Agency, Partnership Distribution, Local IT, and EXCO.

(20% external)

Submit & explain & analyze the resulting numbers.

Auditor, regulator supervisor

Job Requirements

Education

A bachelor’s degree in Actuarial Science, Finance, Economics, Statistics, Mathematics, or another relevant discipline is preferred.

Experience – minimum 5 years of working actuarial experience.

Demonstrate practical coding skills and a willingness to further develop the technical capabilities required to maintain, support, and enhance the current technology stack, including VBA, Python, SQL, Prophet, HTML, and JavaScript.

Good interpersonal communication in English.

Be a collaborative team player with a desire to learn and continuously improve existing processes.

A sense of responsibility and ownership of the task assigned.

Strong analytical & logical thinking & be able to self-learn (requiring minimal instruction from manager)

Reporting Structure and Supervisory / Managerial Responsibilities

Report to senior actuarial manager

Manage a team of 2 junior members

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

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