American International Group, Inc. (AIG) is a leading international insurance organisation serving customers in more than 100 countries and jurisdictions. AIG companies serve commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. In addition, AIG companies are leading provid...
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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 annual 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 we’re 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
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