Actuarial Analyst

Key Duties and Responsibilities

• Support the calculation and review of US GAAP and IFRS reserves for the AIG entities in Africa;
• Deliver annual and quarterly annual actuarial reserving studies;
• Support the development of processes, procedures, and metrics to enable the businesses to comply with Pillar II of SAM;
• Support the calculation of the SAM Technical Provisions;
• Assist in model validation of Standard Model for SCR and MCR calculations and provide technical support for the Own Risk and Solvency Assessment;
• Support the deliverables and engagement for the annual year-end audit;
• Support in any project or ad-hoc requirements as needed;
• Ensure adherence to audit requirements;
• Ensure adherence to regulatory and compliance requirements.

Pricing and portfolio management support

• Provide country support for business analytics;
• Provide support to budget loss ratio estimates and financial planning;
• Collaborate with local and regional Product teams, Finance, Marketing, Underwriting, Claims, and IT to ensure all useful data elements required for monitoring, pricing, and competitive analysis are complete, accurate, adequate, and timely;
• Coordinate with others within and outside the department on various pricing and data-related projects, as needed;
• Provide support in the development of solutions and corrective action plans in partnership with product leadership with respect to short-term and long-term portfolio strategies, as needed.

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 our flexible work arrangements, diversity and inclusion learning, cultural awareness activities, and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The diversity 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. If you believe you need a reasonable accommodation, please send an email to candidatecare@aig.com.

Preference will be given to previously disadvantaged candidates in line with the company’s Employment Equity Plan. Specific preference will be given to people with disabilities.

Functional Area:

AC - Actuarial

Estimated Travel Percentage (%): No Travel

Relocation Provided: No

AIG South Africa