Apac Head of Pricing and Portfolio Management, A&h

Who we are

American International Group, Inc. (AIG) is a leading global insurance organization. Building on 100 years of experience, today AIG member companies provide a wide range of property casualty insurance, life insurance, retirement solutions, and other financial services to customers in more than 80 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security.

Get to know the business

General Insurance is a leading provider of insurance products and services for commercial and personal insurance customers. It includes one of the world’s most far-reaching property casualty networks. General Insurance offers a broad range of products to customers through a diversified, multichannel distribution network.

The APAC Pricing and Portfolio Management team was created to support the actuarial pricing, portfolio management and business intelligence duties for accident & health, travel, and warranty & services products across China, Singapore, Hong Kong, Australia, New Zealand, Malaysia, Thailand, and other Asia Pacific countries. This team provides actuarial rate reviews and other analytical support associated with product reviews, product development, new business opportunities, profitability analysis, and client reviews. This group leverages internal and external data, along with classical actuarial techniques and predictive modeling to support its mission. Additionally, this team performs deep-dive analytics into portfolio results and trends using a variety of analytical techniques.

About the role

What you need to know:
As the APAC Head of Pricing and Portfolio Management - Accident & Health, Travel and Warranty & Services, you will manage the pricing and portfolio management team to achieve goals and deliver on strategic initiatives supporting the business. You will encourage the professional development of the team members to strengthen technical capabilities and expand business knowledge. You will also work closely with the portfolio managers and underwriting team and to align goals and initiative for the team and in the implementation of global standards, guidelines, rating tools and templates within the region. In addition to Regional role, you will coordinate and manage certain strategic global Personal Accident and Warranty Service Programs projects such as those related to expense analysis, required capital allocation, and catastrophic provisions.

As a People Manager and Senior Leader, you will:

- Ensure accuracy of quoting and rating systems, working with Global Actuarial staff to ensure best practices are followed including appropriate risk loads for catastrophic risk, commissions, expenses and profit loadings, reviewing and approving regional Actuarial assumptions and ensuring that peer review process is applied consistently in the region.
- Promote the development and production premium adequacy reports and provide budget loss ratio estimates for various segments.
- Build an engaged team and act as a role model both from a technical and a business perspective, showing skill depth and interdisciplinary knowledge, manage between 6 and 10 direct reports, including resources located in other offices.
- Collaborate with Claims, Finance, Underwriting functions, and Data Analytics and Analysis function to ensure data used for pricing and monitoring is complete, accurate, adequate and timely.
- Comply with key regulatory and risk management procedures as well as audit requirements
- Work closely with product managers and underwriters to support business decisions to support profitable business growth

What we’re looking for:

- Bachelor’s degree or equivalent in Mathematics/Actuarial Science
- Fellow in the Casualty Actuarial Society, Society of Actuaries or local Actuarial Governing body.
- Significant experience in Accident, Health or Life Insurance, with an important focus on pricing
- Proven proficiency in actuarial concepts/methodologies and thorough understanding of general insurance including underwriting policies, claims handling policies and local legislation
- Proven ability to communicate and influence senior business stakeholders
- Experience in managing an actuarial team and proven ability to managing to tight deadlines and priorities in balancing multiple projects concurrently.
- Understanding of CAT risk and models and reinsurance/capital as it relates to pricing, is also required.

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We are an Equal Opportunity Employer

American International Group, Inc., its subsidiaries and affiliates are committed to be an Equal Opportunity Employer and its policies and procedures reflect this commitment. We provide 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 such as sexual orientation. At AIG, we