Actuary – Risk Management

Overview

In this role you will contribute to risk governance by supporting independent reviews of reserves and pricing models across property and casualty lines. You will work with cross-functional teams to challenge model assumptions, enhance data quality, and communicate findings to boards and risk committees. You’ll stay abreast of reserving methodologies and contribute to enterprise risk management through scenario analysis and governance reporting. This position offers exposure to global operations and the chance to shape risk frameworks in a leading insurer.

Pay / Benefits

• Total Rewards Program
• health and wellbeing benefits
• financial security focus
• professional development opportunities

Responsibilities

• Assist in independent review of selected AIG policyholder liabilities
• Review claims and premium data quality for property and casualty lines
• Build benchmark reserving models and design statistical tests to challenge reserving model assumptions
• Keep up with industry trends on reserving methodologies and acquire external data to support Reserve Analysis
• Support documentation of views to local Boards/Committees and risk governance bodies
• Assist in independent review for high-priority Pricing and Underwriting Models
• Collaborate with pricing actuaries and modelers during review processes
• Identify high-risk models requiring ERM review under Model Risk Management Policy
• Prepare reports on independent review results to support governance
• Communicate model review findings to Enterprise Risk Management and key stakeholders
• Work with actuarial, claims, underwriting, and economics teams to quantify emerging risks and market shocks
• Support technical review of non-actuarial models when requested

Key requirements

• Degree in Mathematics or related discipline
• Significant actuarial and/or risk management experience, preferably in P&C (re)insurance or relevant consulting background
• Strong analytical skills and knowledge of risk drivers and the insurance market
• Ability to build proactive relationships with stakeholders and influence decisions
• Proven ability to maintain an independent perspective and challenge risk-related decisions
• Ability to communicate complex matters clearly and simply

• Strong communication
• Stakeholder management
• Influencing and change management
• Actuarial modeling
• Reserving methodology knowledge
• Model risk management and governance

…