Actuarial Pricing Analyst

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At AIG, we are reimagining the way we help customers to manage risk. Join us as an Actuarial Pricing Analyst to develop your skill set 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.

AIG Australia is a leading provider of insurance products and services for commercial and personal insurance customers. It includes one of the world’s most far-reaching property casualty networks. AIG’s General Insurance offers a broad range of products to customers through a diversified, multichannel distribution network. Operating for more than 50 years, AIG has established a reputation as a leading insurer and ally to our multinational, corporate and SME clients.

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.

The successful candidate will be supporting the Chief Actuary, Australia & NZ as well as local pricing Actuaries. The candidate will be a member of the wider APAC actuarial team and may be tasked with providing actuarial advice to the business functions including profit centres, underwriting, finance, and risk management.

Key accountabilities will include but not limited to:

• Assist with the development and implementation of best practice pricing models, including where appropriate, customer behaviour models(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 2 years’ general insurance experience
• 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

Ready to maximise your impact whilst taking your development to the next level? We look forward to reviewing your application.

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.

AIG is committed to working with and providing reasonable accommodations to job applicants and employees with disabilities.  If you believe you need a reasonable accommodation, please send an email to candidatecare@aig.com.  

Functional Area:

AC - Actuarial

Estimated Travel Percentage (%): No Travel

Relocation Provided: No

AIG Australia Limited