Senior Actuarial Analyst

Senior Actuarial Analyst

Who we are

American International Group, Inc. (AIG) is a leading global insurance organization. Building on 100 years of experience, 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.

About the role

What you need to know:

As 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. We are searching for a Senior Actuarial Analyst to support the AIG Actuarial Function in Dubai in all areas of actuarial service delivery with particular emphasis on the non-life business. The role will report to the GCC Head of Actuarial.

Principal responsibilities:

• Support the calculation of US GAAP and IFRS reserves for the AIG entities in GCC.
• Work closely with internal and external stakeholders to ensure that all regulatory and actuarial requirements are met.
• Perform analytical work including data extraction, data transformation, and database management.
• Deliver annual and quarterly actuarial reserving studies.
• Generate reports on profit studies, exposure management, and rate adequacy.
• 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.
• Develop processes, procedures, and metrics to enable the businesses to comply with regulatory requirements.
• Produce, document, and report opinions on the adequacy of reinsurance arrangements and align/implement a reinsurance strategy in line with regulatory 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.

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.

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).

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 MEA Limited