Associate Actuary

At AIG, we are reimagining the way we help customers to manage risk. Join us as an Associate Actuary 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.

• Ensure seamless monthly monitoring of rates levels, rate changes and rate adequacy and articulate key trends effectively to senior management and business stakeholders.

• Carry out pricing model calibration reviews for Commercial portfolios.

• Perform annual profitability studies for APAC profit centres and communicate results and findings optimally to senior management, business managers, and underwriting managers to effectively steer portfolio management activities.

• Participate in annual planning exercise and provide actuarial inputs for the portfolio.

• Provide actuarial guidance and business insight on portfolio management utilizing internal and external data where applicable; leverage efficient group capital management and reinsurance strategies.

• Collaborate 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.

• Manage data support where not maintained centrally and reinforce the importance of high-quality data.

• Review the appropriateness of the reinsurance programme and reinsurance cost allocations to meet the ongoing needs of the business, as well as providing experience, expertise and insight into complex projects.

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 who are newly or nearly qualified actuary with good progress towards pursuing a professional actuarial qualification.

• Extensive pricing experience in the General insurance industry.

• Familiarity with traditional actuarial techniques and models.

• Effective time management skill, ability to manage multiple tasks simultaneously and prioritize according to business needs and impacts.

• Ability to work as part of a team as well as take responsibility for his/her individual contribution.

• Strong verbal and written communication skills, ability to work with cross-functional teams and forge good work relationships with other areas of the business.

• Possess working knowledge of SQL, Python, R or similar software tools. Prior experience working with modelling software such as Emblem/Radar Enhanced Analytics is highly preferred.

• Natural inclination to problem-solve with a deep sense of curiosity.

#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.

AIG is committed to working with and providing reasonable accommodations to job applicants and employees with disabilities.  If you believe you need a reasonable accommodation, please send an email to [email protected].  

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