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About the Role
Report to: Manager, Actuarial Business SolutionsROLES & RESPONSIBILITIES:
Persistency Management (50%):
Conduct annual persistency experience studies (including lapse, premium holiday, and partialwithdrawal), propose assumption updates to the Chief Actuary, and assist with documentationand presentations to the Group.
Monitor persistency metrics (first-year and renewal-year lapses, premium holidays, partialwithdrawals) on a monthly basis at the business unit level.
Provide analytical insights into persistency performance and recommend management actionsrelated to business quality, compensation, operational processes, and more.
Coordinate cross-functional efforts to drive persistency-related actions. Prepare and compilematerials for the monthly Persistency Steering Committee (SteerCo).
Collaborate with other actuarial teams (e.g., EV, IFRS 17) to ensure persistency performance isaccurately reflected in financial reporting and forecasting.
Prophet modelling enhancement (30%):
Perform enhancements to the Prophet model, includingupdates to operating and economic assumptions, integration of model improvements, and incorporation ofnew products into the centralized Prophet framework.
Advanced actuarial solutions (20%)
Participate in transformational projects aimed at improving actuarial processes through the useof advanced technologies such as Power BI, machine learning, and AI.
Develop and maintain an inventory of data sources and tools used in actuarial modeling anddata analytics. Collaborate with Team Heads and key actuarial stakeholders to define aroadmap and implement improvements to data and tools.
JOB REQUIREMENTS:
bachelor's degree. Passed at least 2 actuarial exams.
At least 1 year experience in actuarial position, including internship/contract.
Experience in data analytics tools (Power BI, R, Python)
Basic knowledge of Prophet, able to navigate and read the coding
Experience in persistency and compensation scheme is a plus
English fluency is necessary for this position.
Project management and presentation skills, team player, organized and punctual.
This position has the potential to be deeply involved in actuarial business solutions (Persistency,compensation scheme, data analytics projects)
AIA Group Limited, often known as AIA , is a Hong Kong-based American multinational insurance and finance corporation. It is the largest public listed life insurance and securities group in Asia-Pacific. It offers insurance and financial services, writing life insurance for individuals and businesses, as well as accident and health insurance, and offers retirement planning, and wealth management services, variable contracts, investments and securities.
Job ID: 147338343
Skills:
DB2, MySQL, Data Architecture, Mssql, Sql
Skills:
Bi Tools, Sql, Python, Google Workspace, AI Literacy, R, GHG Accounting
Skills:
Excel, Python, Sql, R
Skills:
Bi Tools, Power Bi, Tableau, Sql, Looker Studio, Quantitative Analysis
Skills:
Sql, Quantitative Analysis
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