Job Description

FIND YOUR \'BETTER\' AT AIA If you believe in better, we\'d love to hear from you. WE ARE LOOKING FOR The position is responsible: . Responsible for design, pricing, development, implementation and managing of Life and Health products primarily for Digital Platform Partnership channel. The incumbent might be assigned to work and support other channels such as Agency Distribution Channel and Partnership Distribution Channel. . Work in Agile and tribe setup with the objective to reduce time to develop new products or product enhancements across design-build-test-launch cycle. Roles and Responsibilities: Design products which align with the customer proposition for different digital platforms, business partners and distribution channels. This includes co-creating the product concepts and propositions with business partners in collaboration with Partnership lead as well as with distribution channels. Perform pricing and re-pricing for the products, including prepare necessary documents for submission to Bank Negara Malaysia, Product Development Committee, Group Office, etc. As part of product development and implementation process, communicate with other stakeholders and vendors in term of product and premium structure, underwriting rules and rate changes and ensure the rules are accurately built for implementations. Responsible in the end-to-end new product development from product design, technical product development to system implementation, including the necessary approval processes. Work closely with the internal stakeholders to ensure smooth product implementation and launch. In collaboration with Partnership leads and Distribution Channels, manage enhancements and other changes to products in conjunction with up-sell/ cross-sell promotions and sales campaigns. Ensure ongoing engagement with other team leads, e.g. Partnership and Operations as well as Distribution Channels, to capture feedback and understand challenges and opportunities to drive improvements. Support all product-related matters, e.g. product roll out, training, product collaterals preparation, etc. Perform active management of in-force products across various business partners on digital platform partnerships and distribution channels, ensuring viability and continue meet the Company\'s direction, as well as in search of new opportunities for further improvement. Work closely with data scientist for developing portfolio monitoring reports and conduct on-going study of product performance Based on the actual performance, propose and amend benefits and pricing accordingly to optimize results. Based on data analytics conducted, to provide insightful commentary in supporting business decision making processes. Set up proper procedures, internal policies, SOP, etc, in relation to product and pricing functions to continue improve current ways of workings. Perform other responsibilities and duties periodically or involve in ad hoc initiatives/special project assigned by supervisor in order to meet operational and/or other regulatory/compliance requirements. Minimum Job Requirements: Minimum Degree holder, preferably in Actuarial Science. At least 10 years working experience in the insurance industry, must have product pricing experience. The incumbent is expected to pick up and support product design and development over time. Candidates who have hands-on experience on both Product and Pricing areas will be prioritized. Deep understanding of local insurance regulatory environment with regards to life insurance products. Entrepreneurial DNA: Ability to own, lead and setup work flows and functions for products developed and managed. Analytically savvy: uses data to find tangible values for product strategy and business decisions. Customer centric mindset: passionate to build innovative insurance solutions for consumers with seamless customer journeys. Confident, proactive and good leadership skill. Able to demonstrate high energy, enthusiasm and flexibility to handle multiple concurrent priorities. Extremely motivated to continue learning and growing both within and beyond own core functions.

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