Pricing Actuary

At AIG, we are reimagining the way we help customers manage risk. Join us as an Actuarial Analyst to develop your skill set across both pricing and reserving 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 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

The AIG Actuarial team consists of Reserving and Pricing Actuaries. Reserving Actuaries quantify reserving losses for AIG’s major regulated and rated insurance operating companies. Portfolio Analytics and Pricing Actuaries support AIG’s businesses and are responsible for technical pricing, product development analytics, and performance measurement in collaboration with Underwriters, Distribution, Operations, and Financial Management.

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.

The successful candidate will support the APAC Package and Technical Modelling Lead Actuary. The candidate will be a member of the wider APAC actuarial team and may be tasked with providing actuarial advice to the business functions including profit centres, underwriting, finance, and risk management.

Key accountabilities will include but are not limited to:

• Building and continual improvement of portfolio monitoring and analytics frameworks.
• Developing and implementing best practice pricing models, including customer behaviours (conversion/retention/cancellation), claims, and pricing scenarios.
• Supporting continual refinement of rating models using advanced analytics and predictive modelling techniques on internal and external data.
• Assisting with detailed profitability studies by segment, aligned with local and regional product tower requirements, to support strategy and risk appetite.
• Assisting in supporting strategic portfolio reviews and deep dive analyses of required business segments.
• Assisting in other ad-hoc analyses as required.
• Driving a culture that promotes engagement and collaboration.
• Managing and mentoring junior resources.

What you’ll need to succeed

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or other quantitative degrees.
• Significant experience in pricing and modelling projects across design, build, and evaluation of pricing models such as GLM and GBM techniques; experience with Radar is advantageous.
• Demonstrated evidence of technical proficiency with Python/R and SQL.
• Demonstrated problem-solving ability to synthesize complex issues into clear and actionable advice for non-technical audiences.
• Ability to manage multiple tasks, working as part of a team, as well as taking responsibility for individual contributions.
• Ability to meet tight deadlines and prioritize own work.
• Ability to forge relationships with other areas of the business.
• Professional behaviour with a high level of integrity.
• Effective project and time management and strong communication skills.
• Strong knowledge of the Australian general insurance market and SME products is an advantage.

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. 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 belonging

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 inclusion 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