Manager, Reinsurance

BELIEVE IN BETTER

Do you believe in leading the way to a better healthier more sustainable future

At AIA weve started an exciting movement to create a healthier more sustainable future for everyone.

Its finding new ways to not only better peoples lives but to better the communities and environments we live in. As the largest listed company on the HKSE weve been proudly making a difference for people and communities across Asia for over a century. And we build on this every day with our ambition to engage one billion people to live Healthier Longer Better Lives by 2030.

And to get there we need leaders with the courage clarity and humanity to inspire guide and support their teams to thrive every day - in the work they do and the life they live. Our leaders always have and will play a vital part in our journey to help more people live Healthier Longer Better Lives build healthier societies and cultivate healthier environments that better everyone.

If you sound like that leader read on.

The opportunity:

As the Manager of Reinsurance you will lead a dedicated team responsible for reinsurance administration reporting and analysis treaty management and strategic initiatives. Through effective oversight of these functions you will play a key role in enhancing business performance and supporting the achievement of organisational objectives.

Key responsibilities include:

• Effectively lead and provide support to all aspects of reinsurance work within the Finance Reinsurance function in particular take ownership for the following:

• Knowledge keep abreast of best practice methodologies applicable in life insurance and more broadly across financial services and bring these to the Finance team and the broader business.

• Data and models ensure data models and related processes used by AIA NZ Finance Reinsurance function are fit for purpose and meet business needs.

• Model and process development continuously develop and improve the efficiency and robustness of models and processes relevant to the Finance Reinsurance function. Manage models in line with the requirements of AIA NZs model risk governance framework.

• Business as usual reinsurance processes ensure all BAU reinsurance functions are performed accurately and delivered on a timely basis.

• Reinsurance analysis and reporting ensure all analysis and reporting requirements are met. Analyse reinsurance treaty efficiency and performance. Provide support and recommendations to key stakeholders in managing reinsurance treaties.

• Strategic reinsurance projects perform and manage strategic reinsurance inititiatives or projects including but not limited to reinsurance optimisation recaptures treaty renewals and treaty amendments.

• Effectively manage and mentor finance analysts.

• Ensure that the relevant concepts and methodologies are correctly applied in the work completed by the team.

• Review work completed by Reinsurance Analysts and other specialists in the team.

• Produce document and present value-add insights and results to internal and external stakeholders.

• Communicate and present technical concepts to both technical and non-technical audiences.

• Assist in preparation of finance reports and Financial Risk Committee and Board papers.

• Engage with teams across AIA NZ and contribute to the broader business.

• Build and maintain effective relationships across Finance and Actuarial as well as other AIA NZ teams including but not limited to Claims Product and Pricing.

• Build and manage relationship with AIA NZs reinsurers

• Proactively take ownership of emerging issues and challenges.

• Apply software skills as applicable including AIA NZ systems SQL Python MS Office package Prophet DCS and R.

• Understand and adhere to AIA NZs risk management framework and the relevant policies

  • Identify and raise awareness of risk management issues

  • Manage investigation of incidents; and

  • Manage testing of controls and validations of models.

Ideally youll bring:

• Strong business acumen and ability to deal with ambiguity.

• Proven project and team management skills .

• Proven ability to apply a mixture of analysis experience and judgement to solve complex business problems.

• Strong leadership skills and proven ability to engage and influence non-actuarial stakeholders and business partners.

• Detailed knowledge and understanding of theory and practice across at least one aspect of finance work (e.g. financial reporting valuations solvency and capital management reinsurance etc.)

• Proven strong technical skills including software skills (including AIA systems SQL Python MS Office package Prophet DCS and R) and analytical skills.

Role Related Experience

• Proven project and/or team management experience.

• Strong financial services industry experience (ideally life or health insurance but other financial services experience will be also considered).

• Strong understanding of NZ life insurance legislative and statutory requirements.

• Strong understanding of AIA NZs commercial environment (including products markets and competitors).

• Reinsurance experience preferred.

Qualifications

• Tertiary qualification with quantitative background (e.g. mathematics statistics or engineering).

• Fellow of the New Zealand Society of Actuaries or qualified Chartered Accountant Austraila and New Zealand (or equivalent) preferred.

• Comply with continuing professional development requirements and professional standards of the relevant actuarial body.

Why choose AIA

At AIA we believe in empowering every one of our people to find their better. We do this by offering:

• Opportunities to grow within the business through internal mobility

• Competitive employee benefits that include insurances an Employee Share Purchase Scheme and an extra day of leave each quarter to recharge

• Membership to AIA Vitality our science-backed health and wellbeing programme that provides the guidance tools and rewards to get more out of life and start thriving. AIA Vitality partners include Airpoints Woolworths MoleMap endota Les Mills Samsung Garmin and many more!

• A supportive and inclusive workplace

• Flexible working arrangements.

If you believe you can help guide us towards a better tomorrow apply now!

Diversity equity and inclusion are at the heart of who we are and what we do. Our commitment to these values is unwavering and they are central to our mission. AIA NZ values diversity in the workforce. We encourage candidates from diverse backgrounds including those with a disability additional mental health needs chronic health conditions and/or are neurodiverse to apply for our roles. If theres anything we may need to consider to support you with our recruitment process please email .

We are a 2025 Circle Back Initiative Employer we commit to respond to every applicant.

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:

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