Actuary – Risk Management

Role Overview

• Assist in the independent review of selected AIG policyholder liabilities
• Review claims and premium data quality for property and casualty insurance lines
• Build benchmark reserving models and design statistical tests to review and challenge reserving model assumptions (risk segmentation, trends, loss development factors etc.) and the conceptual soundness of selected model specifications
• Keep up with industry trends and research on the latest development on reserving methodologies and acquire various external data to complement the Reserve Analysis
• Support the documentation of this view to local Boards/Committees, the AIG Audit Committee, the AIG Risk Committee and the Reserve Committee
• Work closely with pricing actuaries to understand model development inventory and work closely with modelers during review process
• Identify high risk pricing and underwriting models which require ERM review under the AIG Model Risk Management Policy
• Acquire documentation, controls, data, validation and technical specification to assess
• Help guide first line to best practices if these do not exist
• Prepare reports on results of independent review to support robust governance function
• Effectively communicate and present model review findings to Enterprise Risk Management leadership, Finance Actuarial, Underwriting and other key stakeholders
• Work with various functions including actuarial, claims, underwriting, and the economics teams to build models or evaluate scenarios to quantify emerging risks and potential market shocks to enhance the company’s overall risk framework, providing insights that drive business success
• Support technical review of other non-actuarial models when requested

Requirements

• University undergraduate degree and an Associate of Casualty Actuary Society or equivalent
• A minimum of 7 years specializing in actuarial and/or risk management ideally with experience from a property and casualty (re)insurer or a consulting background if the requisite management and industry experience are evident
• Strong analytical skills, knowledge of drivers of risk and knowledge of the insurance market
• Ability to build proactive working relationships with stakeholders across various departments and effect change through use of influencing skills
• Proven ability to maintain independent perspective and challenge management on risk-related decisions
• Ability to communicate complex matters in a simple and clear manner

Benefits

• Competitive benefits package focusing on health, wellbeing, and financial security
• Professional development opportunities
• Bonus eligibility in accordance with the incentive plan