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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.

Responsibilities included:

  • 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

Position Requirements:

  • 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

    AIG is committed to working with and providing reasonable accommodations to job applicants and employees with physical or mental disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to complete any part of the application or hiring process, please send an email to candidatecare@aig.com . Reasonable accommodations will be determined on a case-by-case basis.

    Functional Area:

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.

Join our Talent Network (http://www.aig.com/careers/life-at-aig/join-the-talent-network) . Additional information about AIG can be found at www.aig.com | YouTube (http://www.youtube.com/aig) | Twitter (https://twitter.com/AIGinsurance) | LinkedIn (http://www.linkedin.com/company/aig) . These references with additional information about AIG have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release.

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