APAC Commercial Senior Actuarial Analyst
4 weeks ago
We are seeking a highly skilled Senior Actuarial Analyst to join our APAC Commercial team. As a key member of our team, you will play a critical role in shaping our risk management strategies and driving business growth.
Key Responsibilities:- Support the delivery of underwriting performance, actuarial, and risk management elements of Commercial lines to meet the Profit centre strategic objectives.
- Monitor profitability for APAC profit centres and work with management to set rate targets each year.
- Develop a structure for regular review of rate adequacy and profitability.
- Carry out price adequacy reviews and review the appropriateness of the reinsurance programme to meet the ongoing needs of the business.
- Put an 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.
- 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 simultaneously.
- Ability to work as part of a team as well as take responsibility for individual contributions.
- 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.
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.
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.
We are 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 our flexible work arrangements, diversity and inclusion learning, cultural awareness activities, and Employee Resource Groups (ERGs).
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