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
AIA Reinsurance Limited ("AIA Re"), a Bermuda licensed reinsurer and wholly owned subsidiary of AIA Group Limited ("AIA"), provides reinsurance solutions to AIA Group entities.
The Head of Operations and Senior Actuary is responsible for leading AIA Re's pricing and underwriting function and overseeing the effective day-to-day operation of the Bermuda office. The role manages the Bermuda-based team, coordinates delivery across Group functions and service providers, and supports the Group Director of Reinsurance, AIA Re executive management and the Board in executing AIA Re's approved strategy, business plan and regulatory obligations.
The role operates within delegated authorities and established governance frameworks and is accountable for the effective execution of approved business activities, operational oversight, regulatory coordination and stakeholder management. Ultimate legal entity governance, strategic direction and statutory accountability remain with the Board and accountable executives.
The role may be appointed to regulated functions or statutory positions, including Principal Representative or other approved roles, subject to Board approval and regulatory consent where required.
Roles and Responsibilities:
1. Pricing, Underwriting and Transaction Execution
Lead and manage AIA Re's pricing and underwriting activities.
Oversee reinsurance transactions from structuring and pricing through execution, implementation and post-transaction performance monitoring.
Evaluate and recommend reinsurance structures and risk transfer solutions consistent with approved risk appetite, capital objectives and business strategy.
Ensure robust pricing methodologies, underwriting standards, controls and governance processes are maintained.
Monitor market developments and assess implications for reinsurance pricing, capacity and transaction opportunities.
Conduct treaty performance analysis and recommend enhancements to underwriting practices and portfolio management.
Support development and implementation of new asset, product, underwriting and risk management capabilities in collaboration with relevant Group functions.
Promote effective use of technology, data and process automation to improve operational efficiency, reporting and decision-making.
Collaborate with Finance, Risk, Investment, Treasury and Actuarial functions to ensure AIA Re's frameworks remain appropriate for the underlying portfolio risk profile.
2. AIA Re Operations and Legal Entity Coordination
Oversee the effective day-to-day operation of the Bermuda office.
Support development of annual business plans and operating budgets and oversee execution against approved plans and priorities.
Coordinate activities across Group functions, outsourced service providers and other key stakeholders supporting AIA Re's operations.
Oversee performance and governance of outsourced functions, third-party service providers and intra-group service arrangements, ensuring compliance with contractual and regulatory requirements.
Maintain and monitor the entity governance calendar and key operational deliverables.
Coordinate preparation of Board, Committee…