Actuarial Analyst

Actuarial Analyst, South Korea

At AIG, we are committed to strengthening our financial reporting and actuarial analysis capabilities to meet both local and global standards. Join us as an Actuarial Analyst to play a key role in driving accurate and timely valuation and regulatory reporting. It's an opportunity to grow your skills and experience as a valued member of our Corporate Actuarial team.

AIG's Corporate Actuarial team plays a critical role in supporting AIG Korea's insurance operations through accurate valuation and assumption setting. The team works closely with various stakeholders such as finance, product development, ERM, and external auditors to ensure compliance and business insight.

How you will create an impact

• Support financial closings under IFRS4 and IFRS17 for long-duration insurance contracts
• Contribute to K-ICS valuation for short-duration insurance and IR rate risk calculations
• Perform assumption setting, especially for lapse rates, and updates assumptions regularly
• Prepare documentation and evidence for internal/external audit and regulatory filing (e.g., FSS, KIDI)
• Participate in assumption governance, experience analysis, and actuarial process improvement initiatives
• Generate new ideas for creative and innovative value propositions
• Collaborate with cross-functional teams (e.g., IT, finance, ERM) to support reporting processes

What you’ll need to succeed

• 4+ years of experience in actuarial valuation, financial reporting, or assumption setting for life or health insurance
• Solid understanding of IFRS17 and K-ICS frameworks
• Strong modeling and analytical skills; experience with actuarial software (e.g., Prophet, R3S) is a plus
• Excellent problem-solving skills and attention to detail
• Strong communication skills in Korean; English proficiency is a plus
• Collaborative and proactive mindset, with the ability to manage tight deadlines in a dynamic environment

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—to bring peace of mind to you and your family.

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; 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 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, cultural awareness activities, and Employee Resource Groups (ERGs). 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 Korea Inc. (South Korea)