Senior Actuarial Analyst

AIG Insurance; Johannesburg; On-site; ZAR 600 000 - 800 000; Full time

Job summary

A global insurance company in South Africa is seeking an experienced actuarial professional to support the calculation of reserves and deliver actuarial studies. The ideal candidate should possess a degree in Actuarial Science, relevant insurance experience, and proficiency in SQL and Python. This full-time role offers competitive benefits and a commitment to diversity and inclusion.

Benefits

Comprehensive benefits package

Professional development opportunities

Qualifications

• Relevant insurance experience is required.
• Member of an Actuarial Institution making good progress through exams.
• Excellent analytical quantitative and communication skills.

Responsibilities

• Support the calculation of US GAAP and IFRS reserves for AIG entities in Africa.
• Deliver annual and quarterly actuarial reserving studies.
• Support the budgeting process and business partnering.

Skills

SQL

Python

Compliance

Actuarial Models

Data Collection

Excel

Education

Degree in Actuarial Science

Tools

Tableau

PowerPoint

VBA

SAP

Job description

Principle responsibilities :

• Support the calculation of US GAAP and IFRS reserves for the AIG entities in Africa
• Working closely with both the HAFs for AIG Life South Africa and AIG South Africa entities to ensure that all regulatory and actuarial requirements are met
• Analytical work including data extraction, data transformation and database management
• Deliver annual and quarterly actuarial reserving studies
• Support the budgeting process and business partnering by providing ultimate loss ratios by accident year from the reserve study to the business
• Support the bridging initiative between Finance and Pricing Actuarial teams to ensure alignment of views on ultimate losses across functions
• Support the development of processes, procedures and metrics to enable the businesses to comply with Pillar II of SAM.
• Support the calculation of the SAM Technical Provisions.
• Assist in model validation of Standard Model for SCR and MCR calculations and provide technical support for the Own Risk and Solvency Assessment
• Support the development of procedures to produce document and report opinions on the adequacy of reinsurance arrangements and align / implement a reinsurance strategy in line with SAM requirements
• Generation of reports to monitor and communicate business performance
• Assistance in the redevelopment and testing of the IT systems
• Support the deliverables and engagement for the annual year-end audit
• Support in any project or ad‑hoc requirements as needed

What were looking for :

• Degree in Actuarial Science, Mathematics or related areas required
• Relevant insurance experience
• Member of an Actuarial Institution making good progress through exams
• Proven proficiency in actuarial concepts / methodologies
• Excellent analytical quantitative and communication skills
• Good technical software knowledge such as SQL and / or Python.
• Team Player with ability to work effectively with cross‑functional teams
• Ability to navigate through complexity.
• Critical thinking & execution skills

We are an Equal Opportunity Employer

It has been and will continue to be the policy of American International Group Inc. its subsidiaries and affiliates to be an Equal Opportunity Employer. We provide 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. At AIG we believe that diversity and inclusion are critical to our future and our mission creating a foundation for a creative workplace that leads to innovation, growth and profitability. Through a wide variety of programs and initiatives we invest in each employee seeking to ensure that our people are not only respected as individuals but also truly valued for their unique perspectives.

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 .

Preference will be given to previously disadvantaged candidates in line with the company’s Employment Equity Plan. Specific preference will be given to people with disabilities.

Functional Area: AC - Actuarial

AIG South Africa

Required Experience: Senior IC

Key Skills

SQL, Python, Compliance, Access, Actuarial Models, Actuarial support, Data Collection, PowerPoint, SAP, Tableau, Excel, Mathematics, VBA, Data Analysis, Statistical Analysis

Employment Type: Full‑Time

Experience: years

Vacancy: 1