Kuala Lumpur

Part Qualified

Associate

Health

Property & Casualty

Reserving

Risk

Modelling

Coding

Motor

Pricing

Power BI

Tableau

Emblem

Radar

AIG, or American International Group, is a multinational insurance corporation founded in 1919. It provides a diverse portfolio of insurance products and services to clients in over 80 countries. AIG is known for its expertise in property, casualty and life insurance, as well as risk management solutions for businesses worldwide. It emphasizes resilience, customer satisfaction, and global reach.

At AIG, we are reimagining the way we help customers to manage risk. Join us as an Actuarial Assistant Manager 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 ActuarialOur 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 impactThe Actuarial Assistant Manager will be a key member of the APAC Personal Lines Pricing and Portfolio Management team, working closely with local and regional business and underwriting teams 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. Your key responsibilities and accountabilities include:<ul><li>Deliver actuarially sound pricing analysis for new business opportunities, rate reviews, rate change recommendations, and impact analysis of the existing business in a timely manner.</li><li>Develop, maintain, and ensure raters are up to date with the latest assumptions, and continuously improve the functionalities that would increase efficiency and turnaround time for underwriters.</li><li>Maintain robust portfolio management and monitoring of rate levels, rate changes, and rate adequacy.</li></ul><ul><li>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.</li><li>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.</li><li>Conduct profit studies and development of budget loss ratios for assigned countries and segments.</li><li>Carry out loss ratio and lapse analysis for business sold through direct marketing to determine appropriate assumptions used for campaign approval and monitoring.</li><li>Collaborate and work closely with reserving actuary in aligning the portfolio.</li><li>Comply with key regulatory and risk management procedures, as well as audit requirements.</li></ul>What you’ll need to succeed<ul><li>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.</li><li>At least 5 years of working experience in the insurance industry.</li><li>Proven proficiency in actuarial concepts and methodologies with strong analytical and problem-solving skills and thorough understanding of general insurance including underwriting policies and claims handling policies.</li><li>Possess strong GLM technical modeling skills using software such as Radar or Emblem, and data management using SQL, Tableau, or Power BI.</li><li>Ability and willingness to pick up coding, programming languages, and database skills.</li><li>Ability to manage tight deadlines, priorities, and handle multiple tasks simultaneously.</li><li>Excellent communication skills, both written and verbal, along with presentation and interpersonal skills.</li><li>Highly motivated with strong attention to detail, willingness to learn, and adapt in a dynamic and fast-changing environment.</li></ul>Ready to take your career to the next level? We would love to hear from you.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 mattersAt 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, well-being, and financial security—as well as your professional development.Reimagining insurance to make a bigger difference to the worldAmerican 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 inclusionWe’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 and cultural awareness activities.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.Functional Area: AC - ActuarialAIG Malaysia Insurance Berhad

Senior Actuarial AnalystAmerican International Group, Inc. (AIG) is a leading global insurance organization. Building on 100 years of experience, including over 80 in Thailand, 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.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.As a global multinational insurance corporation, AIG makes thousands of payment transactions monthly, both domestic and international, in a multitude of currencies. Timely and accurate payments are an essential part of the business, regardless of whether they are for policyholders, business partners, government organizations, employees, or other entities within the AIG group. Additionally, we constantly strive to evolve our Advanced Payments capabilities through adopting new technologies and optimizing our processes.About the roleAs an actuary at AIG, you will be challenged and encouraged to reach your greatest potential. Every day will bring new opportunities to stretch your analytical and problem-solving skills as you improve how we predict and mitigate risk. Our Financial Actuaries are on the frontlines, quantifying risk, pricing insurance and reserving losses for AIG’s major regulated and rated insurance operating companies globally. As part of our Portfolio Analytics and Pricing team, you will support AIG's diverse lines of business and hold regional responsibilities encompassing technical pricing, product development analytics, and performance measurement. Your role will extend beyond traditional actuarial functions as you collaborate with cross-functional teams, including Regional, Marketing, Operations, and Financial Management, to shape our company's strategic direction.What you need to know:The successful candidate will be a key member of APAC actuarial pricing team based in Malaysia, delivering quality portfolio management and pricing services to drive and meet the profitability target across all lines of business in Malaysia and within the region.We are looking for an experienced candidate who will be responsible for the assessment of pricing adequacy, portfolio management, product design and company strategies using actuarial expertise, for the purpose of ensuring company financial strength, regulatory compliance, and meeting profit objectives.The position develops accurate and innovative analysis techniques, suggests innovative product designs, and must be able to coordinate with others within and outside the department on various projects.Responsibilities:<ul><li>Conduct rate review analysis (rate level indications and segmentation analysis) for personal and commercial lines of business and communicate results effectively to actuarial and business stakeholders.</li><li>Perform investigations on all aspects affecting profitability including but are not limited to loss and premium trends, rate levels, large and catastrophe losses, acquisition costs and expenses.</li><li>Provide support in the development of products, pricing, and rating plans as well as risk segmentation strategies.</li><li>Coordinate with other departments and workstreams on pricing implementations to ensure rates align with the rate indication analysis.</li><li>Proactively make actionable recommendations backed by data and analysis to business managers on growth areas, pricing strategies and any relevant projects or initiatives.</li><li>Develop and maintain monitoring reports or dashboards to improve visibility and understanding of portfolio results, thereby enhancing the capability to take timely actions to benefit portfolio performance.</li><li>Provide support to budget loss ratio estimates/financial planning and communicate the assumptions and rationale effectively to stakeholders.</li><li>Be an advocate for actuarial best practices and willing to contribute insights from own area to promote cross-functional sharing of information.</li><li>Contribute to validation and documentation of pricing models according to local, regional, and global standards.</li></ul>What we’re looking for:<ul><li>At least five years of experience in actuarial function and/or portfolio management in Malaysia or APAC markets. Experience in local auto insurance is an advantage.</li><li>Excellent technical and analytical skills, equipped with strong business acumen.</li><li>Able to work independently and as part of a team. Comfortable working in a matrix organization.</li><li>Adaptable, and consistently open to explore new ways of working.</li><li>Good progress in actuarial exams from an internationally recognized actuarial organization.</li><li>Self-starter with curiosity, ability to discover problems and implement solutions. Excellent analytical and reasoning skills in interpretation of numbers. A strong sense of teamwork and ability to promote cooperation.</li><li>Strong verbal and written communication skills. Fluency in English is a must.</li></ul>We are an Equal Opportunity EmployerAmerican 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 believe that diversity and inclusion are critical to our future and our mission – creating a foundation for a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives.

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