APAC Regional Reserving Actuary

American International Group; Singapore; On-site; USD 80,000 - 120,000; Full time

Job summary

AIG is seeking an APAC Regional Reserving Actuary to improve risk management and reserving strategies. This role offers a chance to lead actuarial initiatives while collaborating with various business functions. The ideal candidate will hold relevant actuarial qualifications and possess strong leadership and stakeholder engagement skills.

Benefits

Comprehensive benefits package

Professional development opportunities

Qualifications

• Strong general insurance reserving experience, preferably in long tail lines.
• Ability to drive a high-performance culture in a team.
• Proficiency in actuarial concepts and methodologies.

Responsibilities

• Coordinate US GAAP quarterly management reporting requirements.
• Oversee transformation of USGAAP management reporting and local statutory reserving frameworks.
• Provide certifying actuary support for AIG Singapore’s Board and Risk committees.

Skills

Stakeholder engagement

Team leadership

Analytical thinking

Education

Relevant Actuarial qualification (Fellow)

Job description

APAC Regional Reserving Actuary page is loaded

APAC Regional Reserving Actuary

Apply locations Singapore time type Full time posted on Posted 30+ Days Ago job requisition id JR2501271

At AIG, we are reimagining the way we help customers to manage risk. Join us as an APAC Regional Reserving Actuary to play your part in that transformation. It’s an opportunity to grow your skills and experience as a valued member of the team.

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 successful candidate will be a qualified actuary supporting the AIG Singapore as the certifying actuary, and work as a member of the APAC reserving actuarial team to deliver on strategic initiatives.

• As a member of the APAC regional actuarial team, coordinate US GAAP quarterly management reporting requirements with the regional tower leads;
• Oversee and execute transformation of existing end-to-end USGAAP management reporting and local statutory reserving frameworks to unlock efficiencies and actionable insights;
  • This includes development and maintenance of reserving analytics dashboards and KPIs
• As the Certifying Actuary of AIG Singapore, provide certifying actuary support for AIG Singapore’s Board and Risk committees;
• Collaborate with the Claims, Underwriting, Finance and Business functions as the regional reserving lead for one of the key reserving portfolios and provide insights that will drive portfolio performance and growth.
• Collaborate with Finance and Pricing to provide peer review support on the budget loss ratio exercise and financial planning as the regional reserving lead for one of the key reserving portfolios.
• Provide leadership and drive a performance culture in the team.

What you’ll need to succeed

• Relevant Actuarial qualification (Fellow) with the Institute of Actuaries of Australia or equivalent body
• Strong general insurance reserving experience, preferably in long tail lines.
• Demonstrated stakeholder engagement skills with a strategic mindset
• Ability to drive a high-performance culture in a team with a mindset to constantly improve existing processes
• Proficiency in actuarial concepts/methodologies and ability to educate non-technical managers on technical areas that enhance their decision-making ability;
• Ability to manage multiple tasks simultaneous;
• Ability to work as part of a team as well as take responsibility for his individual contribution
• Ability to forge relationships with other areas of the business;

Ready to take your career to the next level? We would love to hear from you.

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, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The talent 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 [e-mail] .

Functional Area:

AC - ActuarialAIG APAC Holdings Pte Ltd

As a global risk leader with deep industry expertise and innovative solutions to smartly manage risk, AIG enables our clients’ growth in ways they never thought possible.

We also do the same for our colleagues, because we know our people are our greatest strength – the source of every insight, every idea and every innovation. When we're working as one team to do what's right for our colleagues and our communities, we can achieve excellence together. We encourage colleagues to give back to the causes they care most about, supporting these efforts through our Volunteer Time Off and Matching Grants Programs.