Associate Actuary

The following describes responsibilities and requirements for Associate Actuary, Pricing & Portfolio Management. The successful candidate will be responsible for pricing efforts for international auto and personal property and work as a member of the international pricing team to achieve goals and deliver on strategic initiatives.

We are looking for an experienced candidate who will be responsible for the assessment of pricing adequacy, portfolio management reports, product design, and company strategies using actuarial expertise. This is to ensure company financial strength, regulatory compliance, and meeting profit objectives for Personal Auto and Personal Property book. 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 include:

• Support the development, implementation, and maintenance of global best practices for pricing and portfolio management.
• Standardize rating tools and global templates.
• Develop automated peer review pricing models including rate level indication and loss cost modeling to be performed within planned time frame.
• Ensure execution of retention, conversion, and competitive position analysis and work with the product tower.
• Support the development and implementation of standard reports for monitoring and measuring all aspects of the Personal Auto and Personal Property business.
• Ensure that the peer review process is applied consistently for international personal lines.
• Maintain the people and processes that provide statistical information and analysis to all parties involved with the management of international personal lines.
• Collaborate with Finance, Claims, Reserving, and data analytics function to ensure data used for pricing and monitoring is complete, accurate, adequate, and timely.

Position Requirements:

• Qualified or near qualified.
• Strong actuarial/modeling experience required.
• Experience with data manipulation, predictive modeling, and reports development required.
• Experience with International auto or personal property insurance preferred.
• Skills with Excel VBA, R, Python, Power BI, data visualization software required.
• Strong verbal and written communication skills.
• Fluency in English. Fluency in one other language is a plus.
• Location: Singapore or Malaysia.

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.

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. 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 and respond to times of uncertainty.

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 and cultural awareness activities. 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.

Functional Area: AC - Actuarial

AIG APAC Holdings Pte Ltd