Reserving & Analytics Actuary (APAC)

At AIG, we are reimagining the way we help customers manage risk. Join us as a Reserving & Analytics 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

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. Portfolio Analytics and Pricing Actuaries support AIG’s businesses and are responsible for technical pricing, product development analytics, and performance measurement. They collaborate with Marketing, Operations, and Financial Management.

The successful candidate 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.

The candidate is expected to work as part of the regional team to provide analytical insights to the business functions, including profit centers, underwriting, finance, and risk management, and also provide local regulatory support for the assigned APAC countries.

Key responsibilities include:

• As a member of the APAC regional actuarial team, coordinate US GAAP quarterly management reporting requirements with the regional tower leads:
  • Assist in supporting strategic portfolio reviews and deep dive analyses of key business segments within APAC;
• Preparation of local regulatory reporting for AIG’s Australia and New Zealand offices. This includes:
  • Quarterly Board and Risk committee reporting;
  • Quarterly solvency calculations and IFRS 17 disclosures;
  • Annual Insurance Liability Valuation Report and Financial Condition / Stress Testing Report;
• Review of capital projections and investment strategies including ALM (“Asset Liability Matching”);
• Provide support to the budget loss ratio exercise and annual financial planning;
• Assist in other ad-hoc analyses as required.

What you’ll need to succeed

• Extensive general insurance reserving experience, preferably in long tail lines.
• Proficiency in actuarial concepts/methodologies and ability to educate non-technical managers on technical areas that enhance their decision-making ability;
• Strong analytical and problem-solving skills;
• Effective project & time management and strong communication skills;
• 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 prioritize own work;
• Ability to forge relationships with other areas of the business;
• Working knowledge of typical actuarial reserving software;
• Professional behavior with a high level of integrity;

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

Ready to make a bigger impact? 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.

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 Australia Limited