Product Portfolio Management Consultant

Job title: Product Portfolio Management Consultant

Company: AIA


Job description: 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 RoleReporting and analysis of product portfolio experience.Strategic Responsibilities:

• Lead portfolio analysis on in-force products to provide management recommendations on potential updates to product design, processes and management in order to optimize company financials and reduce product risks and client complaints.
• Provide valuable proposals/counterproposals to channel heads, Product Management Leads and Pricing Team regarding product design, positioning and target market to update available for sale products.
• Lead reports on portfolio management and provide insights to management.
• Assess product and fund suite and highlight and potential risks and issues
• Responsible for communicating with head of Product/Pricing/Chief Actuary/Group Office/Exco, other internal stakeholders (PIC, operations, channel heads) and external stakeholders (Regulators Reinsurers, Auditors) product portfolio analysis on existing and in-force products.

Operational Responsibilities:

• Ensure complete reports on product portfolio on key drivers including but not limited to persistency, product mix, fund mix, age mix, and vitality status.
• Lead Available-for-sale study on an annual basis. Coordinate with product management on market gap and pricing team on current financials.
• Support operations, marketing and distributions on client concerns.
• Provide recommendations and analysis on possible solutions on product portfolio issues.
• Ensure consistency on process and system builds on old, existing and new products. Ensure update on all processes and builds to align customer experience.
• Ensure documents on operations and system builds are completed timely and accurately.
• Ensure monitoring of product specific risk areas
• Responsible for fulfilment of all audit and control requirements and communication of projects assigned.
• Review and approve ad hoc task results.
• Handle simple demands from different channels.

Build a career with us as we help our customers and the community live Healthier, Longer, Better Lives.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.

Expected salary:

Location: Makati City, Metro Manila

Job date: Sat, 26 Apr 2025 00:28:30 GMT

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