October 17, 2024

AIA

Sydney

FULL TIME

Group Pricing Business Partner

At AIA we don’t simply believe in being ‘the best’. We believe in better – because there’s no limit to how far ‘better’ can take us. Everything we do is driven by our purpose to make a difference by helping people embrace Healthier, Longer, Better Lives. And every one of our people has an important role to play. If you want to make a difference by helping shape a healthier, better-protected Australia, read on.

The opportunity:

As a Pricing Business Partner for our Group Pricing team, you will partner with stakeholders across our Master Trust client portfolio by providing strategic insights that drive profitable and innovative pricing solutions. This includes providing risk assessments, product and pricing terms, claims experience analysis, assessment of how members’ insurance needs are met and future product design.

This is an exciting opportunity to join a dynamic, supportive, and collaborative team. You will work to provide support for the achievement of profit and revenue targets across the Group Insurance business each financial year through client retention and growth.

This is a full-time permanent opportunity based in either Melbourne or Sydney.

To do this successfully you will:

Manage the pricing strategy for the client portfolio including identifying the optimal profitable, strategic and innovative pricing solutions that will allow the business to retain and win insurance business
Support the Senior Manager to provide technical pricing oversight to the team, as well as broader commercial business skills and acumen
Effectively contribute to the achievement of premium revenue and profit objectives for the Group Insurance business
Support negotiations with the reinsurers to obtain the best outcome for the business for on-going renewals, mid-contract product and pricing reviews and new business tenders
Ensure all pricing activities follow AIA Pricing Strategy, sign off & governance processes across Actuarial, Product, Operations, Reinsurance and Group Office guidelines
Participation and input into the customer retention and growth programs
Proactively provide client partners with insights into emerging claims experience and trends
Provide mentoring and coaching support for Pricing Specialists and Analysts

Successful applications will demonstrate:

FIAA (or equivalent) qualified or have made significant progress towards FIAA qualification
Experience pricing group insurance products, ideally in a partnership/relationship management role
Strong understanding of the group insurance market and the key drivers impacting both insurers and reinsurers
Knowledge and experience working with actuarial concepts, capital, profit and value measures
Strong relationship management skills which allow you to successfully engage, influence and strategise with a wide range of internal stakeholders and external partners
Excellent communication backed with sound analysis skills
An analytic thinker with strong attention to detail and the ability to find creative solutions to problems

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 Australians 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

At AIA Australia, we’re proud to help guide, support and protect the wellbeing of over 3.5 million Australians. As part of the AIA Group - the largest independent publicly listed pan-Asian life insurance group – it is our ambition to engage one billion people to live Healthier, Longer, Better Lives by 2030. Lots of companies like to say they’re different. What makes us truly different at AIA, is the difference we make in people’s lives. We are proud that this difference has been recognised in the 2024 ANZIIF awards by being named Life Insurance Company of the Year.

AIA is different. Are you?

If you want to be part of an organisation that helps people live better every single day, apply via the link today.