Pricing Actuary

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At AIG, we are reimagining the way we help customers to manage risk. Join us as an Actuarial Analyst to develop your skill set across both pricing and reserving in a fast paced, collaborative, agile environment. It’s an opportunity to make a high impact, as a valued member of the team in a transforming business.
Make your mark in Actuarial
Our 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 impact
The AIG Actuarial team is made up of Reserving and Pricing Actuaries. Reserving Actuaries quantify reserving losses for AIG’s major regulated and rated insurance operating companies. Portfolio Analytics and Pricing Actuaries support AIG’s businesses and are responsible for technical pricing, product development analytics and performance measurement in collaboration with Underwriters, Distribution, Operations and Financial Management.
As an actuary at AIG, you will be challenged and encouraged to reach your greatest potential. Every day will bring new opportunities to stretch your analytical and problem
- solving skills as you improve how we predict and mitigate risk.
**Key accountabilities will include but not limited to**:
Building and continual improvement of portfolio monitoring and analytics frameworks
Develop and implement best practice pricing models, including customer behaviours (conversion/retention/cancellation), claims, and pricing scenarios
Support continual refinement of rating models using advanced analytics and predictive modelling techniques on internal and external data
Assist with detailed profitability studies by segment, aligned with local and regional product tower requirements, to support strategy and risk appetite.
Assist in supporting strategic portfolio reviews and deep dive analyses of required business segments
Assist in other ad-hoc analyses as required.
Drive a culture that promotes engagement and collaboration.
Manage and mentor junior resources
What you’ll need to succeed
Bachelor degrees in Actuarial Science, Mathematics, Statistics, or other quantitative degrees.
Significant experience in pricing and modelling projects across design, build, and evaluation of pricing models such as GLM and GBM techniques; Experience with Radar is advantageous
Demonstrated evidence of technical proficiency with Python/R, and SQL
Demonstrated problem solving and ability to synthesize complex issues into clear and actionable advice for non-technical audiences to support business problems
Ability to manage multiple tasks, working as part of a team, as well as taking responsibility for individual contribution.
Ability to meet tight deadlines and prioritise own work.
Ability to forge relationships with other areas of the business.
Professional behaviour with high level of integrity.
Effective project & time management and strong communication skills.
Strong knowledge of Australian general insurance market and SME products in particular, an advantage
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 matters
At 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 world
American 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 belonging
We’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 inclusion learning, c