Senior Actuarial Analyst

At AIG, we are reimagining the way we help customers to manage risk. Join us as a 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 The Senior Actuarial Analyst will be a key member in APAC Personal Lines Pricing and Portfolio Management team, working closely with local and regional business, underwriting team on strategic initiatives to achieve profitable growth and business goals. You will be a “go-to” source for help and support because of your deep technical knowledge and expertise. As an experienced team member, you are expected to drive continual improvement and impacting the way that things get done. Your key responsibilities and accountabilities include: Deliver actuarially sounded pricing analysis for new business opportunities, rate reviews, rate change recommendation and impact analysis of the existing business in a timely manner Develop, maintain and ensure raters are up to date with latest assumptions, and continuously improve the functionalities that would increase efficiency and turnaround time for underwriters Maintain robust portfolio management and monitoring of rate levels, rate changes and rate adequacy Proactively engage with the underwriters and business team sharing and discussing insights and findings from the analysis, with recommendations on rate or underwriting actions to improve profitability Collaborate with local and regional Product, Claims, Finance, Underwriting, IT and Data Analytics functions to ensure data used for pricing and monitoring is complete, accurate, adequate and timely Carry out loss ratio and lapse analysis for business sold through direct marketing to determine appropriate assumptions used for campaign approval and monitoring Support profit studies and development of budget loss ratios for assigned countries and segments Peer review and collaborate with reserving actuary in annual detailed valuation review Comply with key regulatory and risk management procedures, as well as audit requirements What you’ll need to succeed Candidates with strong actuarial experience, preferably in pricing and portfolio management of personal lines business including but not limited to Accident & Health, Auto and Home insurance Working experience in the insurance industry Proven proficiency in actuarial concepts and methodologies with strong analytical and problem-solving skills and thorough understanding of general insurance including underwriting policies, claims handling policies and local legislation Possess strong GLM technical modelling skills using software such as Radar or Emblem, and data management using SQL, Tableau or Power BI Ability and willingness to pick up coding, programming languages and database skills Ability to manage tight deadlines, priorities and handle multiple tasks simultaneous Excellent communication both written and verbal, presentation, and interpersonal skills Highly motivated, strong attention to details, willingness to learn and adapt in a dynamic and fast changing environment Ready to take your career to the next level? We would love to hear from you. #J-18808-Ljbffr