Actuarial Analyst (Pricing & Reserving)

At AIG, we are reimagining the way we help customers to 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.

AIG Australia is a leading provider of insurance products and services for commercial and personal insurance customers. Operating for more than 50 years, AIG has established a reputation as a leading insurer and ally to our multinational, corporate, and SME clients.

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 is made up 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 Australian Appointed Actuary as well as local pricing Actuaries. 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:

• Preparation of US GAAP quarterly management results and local GAAP quarterly reserving and solvency estimates for local regulatory reporting for Australia.
• Preparation of annual Detailed Valuation Reviews, Insurance Liability Valuation Report, and Financial Condition / Stress Testing Report.
• Assist with implementation of IFRS 17 reporting requirements.
• Preparation of quarterly Board and Risk committee reporting.
• Review of capital targets and investment strategies including ALM.
• Provide support to the budget loss ratio exercise and annual financial planning.
• Assist in supporting strategic portfolio reviews and deep dive analyses of certain business segments.
• Use strong statistical and actuarial skills to analyze business segments, identify key profit/performance drivers, and recommend actionable insights to drive improved performance and profit.
• Individual large account pricing.
• 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; (transcripts may be required at interview stage).
• At least 2 years’ general insurance experience.
• Proficiency in actuarial reserving concepts/methodologies and ability to educate non-technical managers on technical areas that enhance their decision-making ability.
• Ability to manage multiple tasks simultaneously.
• Ability to meet tight deadlines and prioritize own work.
• Effective project & time management and strong communication skills.
• Strong analytical and problem-solving skills.
• Ability to forge relationships with other areas of the business.
• Professional behavior with a high level of integrity.
• Proficiency in Excel.
• Knowledge of SQL, SAS, and VBA.

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

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.

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 our flexible work arrangements, diversity and inclusion learning, and cultural awareness activities.

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.