Senior Associate, Actuarial Reserving

AIG APAC Holdings Pte Ltd; Shenton Way; On-site; SGD 70,000 - 120,000; Full time

Benefits offered by this job

Total Rewards Program

Job summary

AIG APAC Holdings Pte Ltd in Singapore is seeking a Senior Associate, Actuarial Reserving to join the regional reserving team. You will work with analysts and experienced actuaries to provide actuarial advice to profit centres, underwriting, finance and risk management, across APAC countries.

The role emphasizes reserving, regulatory reporting, and IFRS 17 implementation. You should have a mathematics/actuarial/statistics/economics background, with progress toward professional actuarial

Qualifications

• Mathematics/Actuarial/Statistics/Economics or related degree with progress toward actuarial qualification.
• 3+ years of General insurance experience.
• Familiarity with traditional actuarial techniques and models.
• Strong time management and communication skills.

Responsibilities

• Provide actuarial advice to profit centres, underwriting, finance and risk management.
• Assist GAAP quarterly reserving and solvency estimates for APAC countries.
• Assist in preparation of US GAAP quarterly results.
• Assist in IFRS 17 reporting implementation and related analyses.
• Support quarterly Investment Committee and budget processes.
• Contribute to ad-hoc analyses as required.

Skills

Actuarial studies

General insurance exp

MS Excel

MS Access

VBA & SQL

Education

Mathematics/Actuarial/Statistics/Economics degree

Tools

Actuarial software

SQL

VBA

Job description

At AIG, we are reimagining the way we help customers to manage risk. Join us as a Senior Associate, Actuarial Reserving 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 candidate is expected to work with analysts and experienced actuaries as part the regional reserving team to provide actuarial advice to the business functions including profit centres, underwriting, finance, and risk management.

• Assist in local GAAP quarterly reserving and solvency estimates for local regulatory reporting for assigned APAC countries
• Assist in preparation of US GAAP quarterly management results
• Assist in preparation of annual Detailed Valuation Reviews, Insurance Liability Valuation Report and Financial Condition Report / ORSA / Stress testing
• Assist in preparation of quarterly Board and Risk committee reporting
• Assist in reviewing capital targets and investment strategies including ALM
• Assist in preparation of quarterly Investment Committee reports
• Provide support to the budget loss ratio exercise and annual financial planning
• Assist in supporting strategic portfolio reviews and deep dive analyses of certain business segments
• Assist with implementation of IFRS 17 reporting requirements
• Assist in other ad-hoc analyses as required.

What you’ll need to succeed

• Candidate with Mathematics/Actuarial/Statistics/Economics or any related degree background, with some progress towards pursuing a professional actuarial qualification
• 3+ years of working experience in the General insurance industry
• Familiarity with traditional actuarial techniques and models
• Ability to manage multiple tasks simultaneously
• Ability to work as part of a team as well as take responsibility for his individual contribution
• Ability to meet tight deadlines and prioritize own work
• Effective time management and strong communication skills
• Ability to forge relationships with other areas of the business
• Working knowledge on typical actuarial reserving software
• Strong knowledge of MS Excel and MS Access, knowledge of VBA & SQL, and suitable coding languages

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 inclusion

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 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 - Actuarial

AIG 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.

Additional information about AIG can be found at www.aig.com | YouTube | Instagram| LinkedIn.