AIG Senior Actuarial Analyst in Hong Kong
- Position Description:The following describe responsibilities and requirements for an Actuarial Analyst. The successful candidate will be part of the AIG Hong Kong actuarial team providing support primarily for the local Auto and Personal Property portfolios. The candidate will also get involved in a wider range of actuarial work, such as reserving and financial planning and work as a member of the local team to achieve business goals and deliver on strategic initiatives.
We are looking for a candidate with some prior Auto Insurance pricing experience, that will be responsible for the assessment of pricing adequacy, portfolio management, product design and company strategies using actuarial expertise, for the purpose of ensuring company financial strength, regulatory compliance, and meeting profit objectives.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.
Perform rate review analysis and ensure execution for Auto and Personal lines products
Enhance the current rate review procedures and develop pricing sophistication
Assist in the development of rate action plans by identifying preferred/questionable segments and implement appropriate changes
Provide pricing support for new products
Assist underwriters in fleet account pricing
Provide loss ratio projections in the budget process and review other budget assumptions for reasonableness
Ensure budget loss ratio is achieved
Collaborate with local and regional Actuaries and other functions such as: Finance, Underwriting Claims, Marketing, etc.
Assist with validation and documentation of pricing models according to global standards
Produce Portfolio Analytics related to Production, Claims, CAT and business mix
Budget Preparation and Tableau Update
minimum five years of general insurance actuarial experience with Bachelor Degree in quantitative discipline such as Actuarial Science, Statistics, Mathematics or Finance
Good progress with Actuarial exams preferred
At least two years of Auto pricing/portfolio management experience
Experience with consolidating data and developing reporting metrics
Capable of data management. Experience with SQL, R or equivalent applications.
Prior Knowledge of predictive modelling software is preferred
Strong verbal and written communication skills
Fluency in English
It has been and will continue to be the policy of American International Group, Inc., its subsidiaries and affiliates to be an Equal Opportunity Employer. We provide 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.
At AIG, we believe that diversity and inclusion are critical to our future and our mission – creating a foundation for a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives.
To learn more please visit: https://www.aig.com/about-us/diversity-equity-and-inclusion
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AC - Actuarial
Estimated Travel Percentage (%): No Travel
Relocation Provided: No
AIG Insurance Hong Kong Limited
We're a leading global insurance organization with operations in approximately 80 countries and jurisdictions. We provide a wide range of property casualty insurance, life insurance, retirement solutions, and other financial services to support our clients in business and in life through our General Insurance, Life & Retirement and Investments business units.
What unites us across all of these offerings is our commitment to helping individuals, businesses and communities prepare for and respond to times of uncertainty. Whether serving those facing natural disasters or millions of Americans striving for a financially secure retirement, we have the specialist expertise to help clients better manage risk.
We’re also committed to doing the right thing for our people and the communities where we work and live. It’s why we seek to offer what matters to our ever-diversifying team - like flexible and creative work environments, professional growth opportunities and forums to advocate for one another and incite change. We encourage employees to give back to the causes they care most about, supporting these efforts through our Volunteer Time Off and Matching Grants Programs.
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