Reserving Actuary, APAC

AIG

  • Melbourne, VIC
  • Permanent
  • Full-time
  • 16 days ago
#LI-JC1Join us in Regional Reserving Actuary, APAC, to take your actuarial career to the next level with a global market leader.Make your mark in ActuarialOur 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 impactThe successful candidate will be supporting the AIG APAC insurance business, and work as a member of the APAC actuarial team to achieve goals and deliver on strategic initiatives.The candidate is expected to work as part the regional team to provide actuarial advice to the business functions including profit centres, underwriting, finance, and risk management and provide local regulatory support for the assigned APAC countries.Key accountabilities will include but not limited to:
  • Coordinate US GAAP quarterly management reporting requirements with the regional tower leads
  • Assist in supporting strategic portfolio reviews and deep dive analyses of certain business segments within APAC
  • Preparation of local regulatory reporting for AIG’s Australia and New Zealand offices. This includes:
  • Quarterly Board and Risk committee reporting
  • Quarterly valuation, solvency calculations and IFRS 17 disclosures
  • Annual Insurance Liability Valuation Report and Financial Condition / Stress Testing Report
  • Review of capital projections and investment strategies including ALM (“Asset Liability Matching)
  • Provide support to the budget loss ratio exercise and annual financial planning
  • Assist in other ad-hoc analyses as required
What you’ll need to succeed
  • Minimum 3 years of General Insurance experience, preferably reserving in long tail lines
  • Proficiency in actuarial concepts/methodologies and ability to educate non-technical managers on technical areas that enhance their decision-making ability
  • Strong analytical and problem-solving skills
  • Effective project & time management and strong communication skills
  • Ability to manage multiple tasks simultaneously
  • Ability to work as part of a team as well as take responsibility for his individual contribution
  • Ability to meet tight deadlines and prioritise own work
  • Ability to forge relationships with other areas of the business
  • Working knowledge on typical actuarial reserving software
  • Professional behaviour with high level of integrity
Ready to make a bigger impact? We look forward to reviewing your application.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 Australia Limited

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