Manager, Reinsurance

BELIEVE IN BETTER

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

At AIA we’ve started an exciting movement to create a healthier, more sustainable future for everyone.

It's finding new ways to not only better people's lives, but to better the communities and environments we live in. As the largest listed company on the HKSE, we’ve 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 NZ’s 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 NZ’s 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 NZ’s 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, you’ll 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 NZ’s 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 there's anything we may need to consider to support you with our recruitment process, please email nz.talentacquisition@aia.com.

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:

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.