Actuarial Analyst

Job description

At AIG, we are reimagining the way we help customers to manage risk.

Join us as an Actuarial Analyst to play your part in that transformation.

It’s an opportunity to grow your skills and experience as a valued member of the team.

Make your mark in Actuarial 

Our Actuaries are on the front lines, quantifying risk, pricing insurance and reserving losses for AIG’s major insurance operating companies, globally.

We collaborate with Finance, Claims, Operations, Marketing and Risk Management, among other functions.

As an AIG actuary, you will be challenged and encouraged to reach your greatest potential to help improve how we predict, manage and mitigate risk.

How you will create an impact

You will support the AIG APAC insurance business, and work as a member of the APAC actuarial team to achieve goals and deliver on strategic initiatives.

You will work with analysts and experienced actuaries as part the regional team to provide actuarial advice to the business functions including profit centers, underwriting, finance, and risk management.

This position will also provide opportunities to assist in reserving predictive modeling, develop accurate analysis techniques, suggest innovative product designs, and coordinate with others within or outside the department on various projects.

Key responsibilities include:

• You will be responsible for portfolio optimization, assessment of pricing adequacy and company strategies, for the purpose of ensuring company financial strength, regulatory compliance, and meeting profit objectives.
• Provide the Singapore business and wider APAC with the actuarial support required to achieve profitable growth and business goals
• Work cross functionally to collect, compile, and analyze all relevant data / information including product’s competitive analysis, customer analysis, and / or market trends.
• Produce pricing analysis for large accounts and schemes within agreed timescales, working closely with underwriters
• Support the development, alignment, and execution of portfolio strategies
• Prepare and deliver robust analytics to inform and guide decisions relating to new product developments or revisions in a timely manner
• Provide support in the development of products, pricing and rating plans, and risk segmentation strategies
• Provide support to budget loss ratio estimates and financial planning
• Provide assistance to the Appointed Actuary
• Collaborate with local and regional product teams, Finance, Marketing, Underwriting, Claims and IT
• Assist with validation and documentation of pricing models according to global standards
• Ensure execution of rate level indication exercise

What you’ll need to succeed

You should have some prior experience in commercial lines pricing, in particular Financial Lines. Be a team-player with the ability to build collaborative relationships.

Additional requirements include:

• Candidate with Mathematic/Actuarial or any related degree background, with some progress towards pursuing a professional actuarial qualification
• Some working experience in the general insurance industry
• Relevant experience in the portfolio management/analytics/underwriting field is preferred
• Strong analytical, financial, research, and problem-solving skills
• Relevant experience with consolidating data and developing reporting metrics
• Skills with Excel, VBA, PowerBI, SQL, R, Python and PowerPoint software
• Ability to manage multiple tasks simultaneously
• Ability to work as part of a team as well as take responsibility for his individual contribution
• Effective time management and strong communication skills

#LI-RO1

At AIG, we value in-person collaboration as a vital part of our culture, which is why we ask our team members to be primarily in the office.

This approach helps us work together effectively and create a supportive, connected environment for our team and clients alike.

Enjoy benefits that take care of what matters

At AIG, our people are our greatest asset.

We know how important it is to protect and invest in what’s most important to you.

That is why we created our Total Rewards Program, a comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health, wellbeing and financial security—as well as your professional development—to bring peace of mind to you and your family.

Reimagining insurance to make a bigger difference to the world

American International Group, Inc.

(AIG) is a global leader in commercial and personal insurance solutions; we are one of the world’s most far-reaching property casualty networks.

It is an exciting time to join us — across our operations, we are thinking in new and innovative ways to deliver ever-better solutions to our customers.

At AIG, you can go further to support individuals, businesses, and communities, helping them to manage risk, respond to times of uncertainty and discover new potential.

We invest in our largest asset, our people, through continuous learning and development, in a culture that celebrates everyone for who they are and what they want to become.

Welcome to a culture of inclusion

We’re committed to creating a culture that truly respects and celebrates each other’s talents, backgrounds, cultures, opinions and goals.

We foster a culture of inclusion and belonging through learning, cultural awareness activities and Employee Resource Groups (ERGs).

With global chapters, ERGs are a cornerstone for our culture of inclusion.

The talent of our people is one of AIG’s greatest assets, and we are honored that our drive for positive change has been recognized by numerous recent awards and accreditations.

AIG provides equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories.

Functional Area:

Required Skill Profession

Mathematical Science Occupations