Pricing Analyst

#LI-JC1
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**:
Assist with the development and implementation of best practice pricing models, including where appropriate, customer behaviour (conversion/retention/cancellation), claims modelling, and pricing scenarios
Assist senior pricing actuaries build and improve portfolio monitoring and analytics frameworks
Support ongoing refinement of rating models and technical raters using advanced analytics and predictive modelling analyses where appropriate
Assist with detailed profitability studies and budget loss ratio 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
What you’ll need to succeed
Bachelor degrees in Actuarial Science, Mathematics, Statistics, or other quantitative degrees;
At least 1 to 2 years’ general insurance experience;
Progression through Part 1 and 2 Actuarial Exams
Demonstrated experience including pricing and modelling experience
Experience in programming across at least one of Python, R, and SQL an advantage
Experience with databases and proficient data extraction/manipulation skills an advantage
Demonstrated analytical and problem-solving skills
Ability to manage multiple tasks, work as part of a team, as well as take 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
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 our flexible work arrangements, diversity and inclusion learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The diversity 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.
**Functional Area**:
AC - Actuarial
AIG Australia Limited