Associate Actuary

Singapore
Permanent
Full-time

1 month ago

The following describe responsibilities and requirements for Associate Actuary, Pricing & Portfolio Management. The successful candidate will be responsible for pricing efforts for international auto and personal property, and work as a member of the international pricing team to achieve goals and deliver on strategic initiatives.We are looking for an experienced candidate who will be responsible for the assessment of pricing adequacy, portfolio management reports, product design and company strategies using actuarial expertise, for the purpose of ensuring company financial strength, regulatory compliance, and meeting profit objectives for Personal Auto and Personal Property book.The position develops accurate and innovative analysis techniques, suggests innovative product designs, and must be able to coordinate with others within and outside the department on various projects.Responsibilities include:

Support the development, implementation, and maintenance of global best practices for pricing and portfolio management.
Standardize rating tools and global templates.
Develop /automated/peer review pricing models including rate level indication and loss cost modeling to be performed within planned time frame.
Ensure execution of retention, conversion and competitive position analysis and work with the product tower
Support the development and implementation of standard reports for monitoring and measuring all aspects of the Personal Auto and Personal Property business.
Ensure that peer review process is applied consistently for international personal lines
Maintain the people and processes that provide statistical information and analysis to all parties involved with the management of international personal lines, the constituencies of which include, at the country, regional and corporate levels, general management, underwriting, marketing and actuarial
Collaborate with Finance, Claims and Reserving and with data analytics function to ensure data used for pricing and monitoring is complete, accurate, adequate, and timely.

Position Requirements:

Qualified or near qualified.
Strong actuarial/modeling experience required
Experience with data manipulation, predicative modeling and reports development required
Experience with International auto or personal property insurance preferred
Skills with Excel VBA, R, Python, Power BI, data visualization software required.
Strong verbal and written communication skills.
Fluency in English. Fluency in one other language is a plus
Location: Singapore or Malaysia

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 mattersAt 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 worldAmerican 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 inclusionWe’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. If you believe you need a reasonable accommodation, please send an email to .Functional Area: AC - ActuarialAIG APAC Holdings Pte Ltd

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