Actuarial Analyst

This Actuarial Analyst role will be an ideal opportunity to develop your experience and expertise in pricing and monitoring.

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. Within AIG Actuarial, 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

Vietnam roles and responsibilities:

• Responsible for setting up terms and conditions and pricing of insurance products.
• Annual assessment & review of pricing assumptions vs. actual for each product.
• Quarterly and annually sign off report on premium and GOE of each business line.
• Responsible for setting technical reserve and report to MOF quarterly and annually.
• Solvency calculation and sign off the solvency calculation report to MOF quarterly and annually.
• Written report to CEO and Board any issue that potentially impacts the Company’s finance status and make proposal to remedy the issue.
• In case the issue imposes a potential breach to the solvency of the Company, written report to MOF within 5 working days since the date the issue is identified.
• Assessment of the Reinsurance programs (treaties and facultative) before proposing to the Board and CEO for approval.
• Certify that material insurance risks are being transferred under the reinsurance contracts.
• Timely report to the Board any risk that may adversely impact the Company’s finance status.
• Work with ERM to perform stress testing, risk modelling, and prepare risk management report.
• Work with Finance to separate owner’s fund with premium fund in accordance with regulatory requirements.
• Sign off quarterly report on this matter to MOF.
• Assessment of claims payment by the Company.
• Quarterly and annually, written report to the Board and CEO on:
  • Finance results of the Company.
  • Projection of the finance results.
  • Investment results which specify any risk incident / issue; making proposal on the asset to be invested, and investment duration of each kind of asset as to ensure asset and liability matching.
  • Actual vs. forecast loss ratio; technical reserve; and production.
• Annual self-assessment on Actuary responsibilities and report to MOF within 90 days after the end of a fiscal year.

Additional regional responsibilities:

• Take ownership of Thailand local stat reserving, including valuation, analysis and reporting, with support from the actuarial analyst.
• Perform US GAAP reserving quarter close for assigned markets for personal lines business, ensuring accuracy, consistency and adherence to group standards.
• Peer review DVR results, carry out any side analyses needed.
• Actively participate in regional actuarial initiatives and transformation projects, including process improvement, data enhancement, and cross-market collaboration.

What you’ll need to succeed

• A Bachelor’s degree or equivalent in Actuarial Science.
• Being an Associate member of a society / institute.
• The ability to work under your own initiative, meet tight deadlines and prioritize your work.

Ready for faster career growth? We would love to hear from you.

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). With global chapters, ERGs are a cornerstone for our culture of inclusion. 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 Vietnam Insurance Company Limited