Senior Actuarial Analyst

Principal Responsibilities:

• Support the calculation of US GAAP and IFRS reserves for the AIG entities in Africa.
• Work closely with both the HAFs for AIG Life South Africa and AIG South Africa entities to ensure that all regulatory and actuarial requirements are met.
• Conduct analytical work including data extraction, data transformation, and database management.
• Deliver annual and quarterly actuarial reserving studies.
• Support the budgeting process and business partnering by providing ultimate loss ratios by accident year from the reserve study to the business.
• Facilitate the bridging initiative between Finance and Pricing Actuarial teams to ensure alignment of views on ultimate losses across functions.
• Assist in the development of processes, procedures, and metrics to enable compliance with Pillar II of SAM.
• Support the calculation of the SAM Technical Provisions.
• Assist in model validation of Standard Model for SCR and MCR calculations and provide technical support for the Own Risk and Solvency Assessment.
• Help develop procedures to produce, document, and report opinions on the adequacy of reinsurance arrangements and align/implement a reinsurance strategy in line with SAM requirements.
• Generate reports to monitor and communicate business performance.
• Assist in the redevelopment and testing of the IT systems.
• Support the deliverables and engagement for the annual year-end audit.
• Assist in any project or ad-hoc requirements as needed.

What We’re Looking For:

• Degree in Actuarial Science, Mathematics, or related areas required.
• Relevant insurance experience.
• Member of an Actuarial Institution making good progress through exams.
• Proven proficiency in actuarial concepts/methodologies.
• Excellent analytical, quantitative, and communication skills.
• Good technical software knowledge such as SQL and/or Python.
• Team player with the ability to work effectively with cross-functional teams.
• Ability to navigate through complexity.
• Critical thinking and execution skills.

We Are an Equal Opportunity Employer

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. 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.

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, respond to times of uncertainty, and discover new potential.

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.

AIG is committed to working with and providing reasonable accommodations to job applicants and employees with disabilities. Preference will be given to previously disadvantaged candidates in line with the company’s Employment Equity Plan. Specific preference will be given to people with disabilities.

Functional Area:

AC - Actuarial

AIG South Africa