Associate Actuary

At AIG, we are reimagining the way we help customers manage risk. Join us as an Associate Actuary 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

You will support the AIG APAC insurance business and work as a member of the APAC actuarial team to achieve goals and deliver on strategic initiatives. You will work with analysts and experienced actuaries as part of the regional team to provide actuarial advice to the business functions, including profit centres, underwriting, finance, and risk management.

Key responsibilities include:

• Support the delivery of underwriting performance, actuarial and risk management elements of Commercial lines to meet the Profit centre strategic objectives. The Commercial Actuary will engage with the wider Actuarial function and business P&L Heads.
• The job involves profitability monitoring for APAC profit centres and working with management to set rate targets each year.
• Develop structure for regular review of rate adequacy and profitability.
• Carry out price adequacy reviews and review the appropriateness of the reinsurance programme to meet the ongoing needs of the business, as well as providing experience, expertise, and insight into complex projects.
• Put an action plan in place to ensure seamless monitoring of rate levels, rate changes, and rate adequacy.
• Provide actuarial guidance and business insight on portfolio management; leverage efficient group capital management and reinsurance strategies.
• Manage data support where not maintained centrally and reinforce the importance of high-quality data.
• Work closely with underwriting, reserving actuaries, claims department, and cat modelling/risk aggregation to identify insights that will be used to improve risk classification and enhance risk aggregation.
• Engage with finance on execution of planning exercises and forward-looking scenarios.

What you’ll need to succeed

You should have some prior experience in commercial lines pricing, particularly in Commercial Property. Be a team player with the ability to build collaborative relationships.

Additional requirements include:

• Candidate with Mathematic/Actuarial or any related degree background, with good progress towards pursuing a professional actuarial qualification.
• Some working experience in the General insurance industry.
• Familiarity with traditional actuarial techniques and models.
• Ability to manage multiple tasks simultaneously.
• Ability to work as part of a team as well as take responsibility for individual contributions.
• Ability to meet tight deadlines and prioritise own work.
• Effective time management and strong communication skills.
• Ability to forge relationships with other areas of the business.
• Working knowledge of typical actuarial reserving software.
• Strong verbal and written communication skills.
• Knowledge of SQL, Python, R, or similar software tools.

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 Asia Pacific Insurance Pte. Ltd.