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Pricing Specialist

AIA - Melbourne, VIC

Any Industry
Source: uWorkin


At AIA we do things differently to make a healthy difference in people’s lives. That difference starts with every individual at AIA. We provide an environment and culture that helps our people live well and enjoy a meaningful life, at work and at home. We’re serious about helping people live Healthier, Longer, Better Lives by encouraging them to make positive lifestyle changes one step at a time. If you want to make a healthy difference everyday - for yourself and others - then we want to hear from you.

The Opportunity:

As a Pricing Specialist, you will support the pricing business partner to provide product and pricing terms for a specified portfolio of clients. The main focus of this role will involve performing and/or reviewing pricing and profit testing within agreed timelines. You will work closely with the business development and strategic partnership teams, product, reinsurance and actuarial teams to deliver effective and sustainable solutions.

To do this successfully you will:

  • Review and advise on the terms of existing products in addition to contributing to the design of new products.
  • Develop and maintain pricing models and pricing assumptions whilst conducting profitability analyses.
  • Analyse product-related financial risks and manage product-specific reinsurance arrangements
  • Manage portfolios and conduct regular loss ratio analysis reviews to determine profitability & experience for large key client accounts
  • Provide pricing options to stakeholders and creating recommendations in pricing for product offerings

Successful applications will demonstrate:

  • Prior experience as a pricing specialist with proven knowledge in group insurance preferred, but not required
  • A background in actuarial studies with progress in Actuarial Fellowship qualifications desirable
  • Sound understanding of actuarial concepts, capital, profit and value measures
  • Understanding of the key drivers of the Group Insurance market
  • Strong analytical and problem solving skills with an understanding of performance targets and measurement

Why choose AIA:

At AIA, we’ve made a promise to help people live healthier, longer, better lives. And it starts with our own people.

  • Access our training and development to build on your current skills
  • Career development through internal mobility opportunities
  • Work for a business helping millions of Australian’s and make a difference to someone’s life everyday
  • Access additional leave days a year to recharge and refresh yourself
  • Enjoy wonderful Health and Wellbeing initiatives that support you
  • Work with supportive and inclusive managers
  • Flexible working arrangements

Please note that applications close on May 18th 2021

Recruitment Agencies: Our Talent team does not require any recruitment agency support.

Interested Candidates: Apply using the ‘Apply’ button. No emailed applications accepted. For general enquiries only, contact:

Michael-M.Prinzi@aia.com, Steven.Kingsley-Jones@aia.com

You must provide all requested information, including Personal Data, to be considered for this career opportunity. Failure to provide such information may influence the processing and outcome of your application. You are responsible for ensuring that the information you submit is accurate and up-to-date.