At AIG, we are reimagining the way we help customers to manage risk. Join us as a APAC Commercial Senior 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 centres, underwriting, finance, and risk management.
Key responsibilities include:
- Support the delivery of underwriting performance, actuarial and risk management elements of Commercial lines to meet the Profit centre strategic objectives. The Commercial Actuary will engage with the wider Actuarial function and business P&L Heads.
- The job involves profitability monitoring for APAC profit centres and work with management to set rate targets each year.
- Develop structure for regular review of rate adequacy and profitability.
- Carrying out price adequacy reviews and reviewing the appropriateness of the reinsurance programme to meet the ongoing needs of the business, as well as providing experience, expertise and insight into complex projects.
- Put action plan in place to ensure seamless monitoring of rate levels, rate changes and rate adequacy.
- Provide actuarial guidance and business insight on portfolio management; leverage efficient group capital management and reinsurance strategies
- Manage data support where not maintained centrally and reinforce the importance of high-quality data.
- Work closely with underwriting, reserving actuaries, claims department, and cat modelling/risk aggregation to identify insights that will be used to improve risk classification and enhance risk aggregation.
- Engage with finance on execution of planning exercise and forward-looking scenarios.
What you’ll need to succeed
You should have some prior experience in commercial lines pricing, in particular Commercial Property. Be a team-player with the ability to build collaborative relationships.
Additional requirements include:
- Candidate with Mathematic/Actuarial or any related degree background, with good progress towards pursuing a professional actuarial qualification
- Some working experience in the General insurance industry
- Familiarity with traditional actuarial techniques and models
- Ability to manage multiple tasks simultaneous
- Ability to work as part of a team as well as take responsibility for his individual contribution
- Ability to meet tight deadlines and prioritise own work
- Effective time management and strong communication skills
- Ability to forge relationships with other areas of the business
- Working knowledge on typical actuarial reserving software
- Strong verbal and written communication skills
- Knowledge of SQL, VBA or similar software tools.
Ready to take your career to the next level? We would love to hear from you.
