Actuary (Managing General Agent)

At AIG, we are reimagining the way we help customers to manage risk. Join us as a Managing General Agent Actuary in a fast-paced, collaborative, agile environment. It’s an opportunity to make a high impact as a valued member of the team in a transforming business.

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 part of the AIG Actuarial team, you will be challenged and encouraged to reach your greatest potential to help improve how we manage our portfolios.

How you will create an impact

The AIG Actuarial team supports AIG’s businesses and is responsible for technical pricing, product development analytics, and performance measurement in collaboration with Underwriters, Distribution, Operations, and Financial Management.

Reporting directly into the MGA Actuarial Lead, the MGA Actuary role is an integral part of AIG’s MGA team and will support the pricing, monitoring, and profitability assessments of all the MGAs across Australia and New Zealand. The role will have reach across geographical and functional boundaries to create alliances that further the organization’s MGA objectives.

Key accountabilities will include but are not limited to:

• Support proactive, regular portfolio management to ensure sustainable profitable growth.
• Support development and implementation of best practice portfolio management and monitoring tools, covering top line metrics as well as key lead indicators such as strike rates, rate changes, retention, and inflationary trends.
• Support regular assessment of profitability.
• Support development of new or refine existing pricing/rating models and technical raters. Where appropriate, use advanced analytics and predictive modeling analyses.
• Support detailed profitability studies and budget loss ratio by segment to support strategy and risk appetite.
• Support due diligence analysis for new MGA opportunities.
• Assist with proactive engagement with underwriters, functions, and MGAs, providing strategic direction and recommendations.
• Assist in other ad-hoc analyses as required.

What you’ll need to succeed

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or other quantitative degrees.
• Prior general insurance experience in similar job positions.
• Demonstrated pricing, monitoring, and portfolio management experience.
• Experience in programming across at least one of Python, R, and SQL is an advantage.
• Experience with databases and proficient data extraction/manipulation skills is an advantage.
• Demonstrated analytical and problem-solving skills.
• Flexibility to adapt quickly to changing priorities.
• Ability to manage multiple tasks, meet tight deadlines, and prioritize own work.
• Proven track record of collaboration delivering quality, accurate results in an efficient manner.
• Professional behavior with a high level of integrity, including strong interpersonal skills.
• Effective project and time management and strong communication skills.
• Strong oral and written communication skills and ability to build positive relationships with stakeholders.

Applicants must have valid rights to work in Australia, as employer sponsorship is not available for this position.

Ready to maximize your impact whilst taking your development to the next level? We look forward to reviewing your application.

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.