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AIG Actuarial Manager in United States

Functional Area:

AC - Actuarial

Estimated Travel Percentage (%): No Travel

Relocation Provided: No

AIG South Africa

We are searching for an energetic, innovative manager to lead the actuarial team in Johannesburg.

The role reports to the EMEA Chief Actuary.

Job Description

  • Prepare quarterly statutory reserve estimates, including working with Head of Actuarial Function, as per local reporting requirements;

  • Produce US GAAP reserve estimates, as per corporate reporting requirements;

  • Work closely with the business and underwriting teams to help drive profitability and growth.

  • Embed Apollo, understand the tool, its requirement and re-design actuarial process accordingly if required.

  • Collaborate with Finance Managers and assist on the production of legal entity and production office loss ratios for business planning purposes, capital modelling, etc,

  • Streamline data production and reconciliations

  • Assist in Asset Liability Management processes by calculating expected cash flows

  • Work closely with Claims, Reinsurance and Underwriting teams to understand how reserving practices, treaty set up and business changes impact our business

  • Provide insightful analytics to key stakeholders across the business.

  • Coordinate and ensure consistency in approach and execution of reserve reviews including data production, modeling and presentation of results across geographies

  • Support in any project or ad-hoc requirements as needed

Qualifications & Skills:

  • Degree in Actuarial Science, Mathematics, or related areas required

  • Nearly or newly qualified actuary

  • 5-10 years of working experience in the P&C insurance industry. Life experience beneficial.

  • Excellent analytical, quantitative, and communication skills

  • Team Player – ability to work effectively with cross-functional teams to gather inputs and align objectives and recommendations through quantitative analysis

  • Experienced in people’s management;

  • Ability to navigate through complexity.

  • Critical thinking, execution skills

    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.

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.

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.