Job ref no.: CT3131911-01#2821

Senior Actuarial Analyst

AIG Insurance Hong Kong Limited

Position Description:

The following describe responsibilities and requirements for an Actuarial Analyst. The successful candidate will be part of the AIG Hong Kong actuarial team providing support primarily for the local Auto and Personal Property portfolios. The candidate will also get involved in a wider range of actuarial work, such as reserving and financial planning and work as a member of the local team to achieve business goals and deliver on strategic initiatives.

We are looking for a candidate with some prior Auto Insurance pricing experience, that will be responsible for the assessment of pricing adequacy, portfolio management, product design and company strategies using actuarial expertise, for the purpose of ensuring company financial strength, regulatory compliance, and meeting profit objectives.

The position develops accurate and innovative analysis techniques, suggests innovative product designs, and must be able to coordinate with others within and outside the department on various projects.


Responsibilities included:

  • Perform rate review analysis and ensure execution for Auto and Personal lines products
  • Enhance the current rate review procedures and develop pricing sophistication
  • Assist in the development of rate action plans by identifying preferred/questionable segments and implement appropriate changes
  • Provide pricing support for new products
  • Assist underwriters in fleet account pricing
  • Provide loss ratio projections in the budget process and review other budget assumptions for reasonableness
  • Ensure budget loss ratio is achieved
  • Collaborate with local and regional Actuaries and other functions such as: Finance, Underwriting Claims, Marketing, etc.
  • Assist with validation and documentation of pricing models according to global standards
  • Produce Portfolio Analytics related to Production, Claims, CAT and business mix
  • Budget Preparation and Tableau Update

 

Position Requirements:

  • minimum five years of general insurance actuarial experience with Bachelor Degree in quantitative discipline such as Actuarial Science, Statistics, Mathematics or Finance
  • Good progress with Actuarial exams preferred
  • At least two years of Auto pricing/portfolio management experience
  • Experience with consolidating data and developing reporting metrics
  • Capable of data management. Experience with SQL, R or equivalent applications.
  • Prior Knowledge of predictive modelling software is preferred
  • Strong verbal and written communication skills
  • Fluency in English

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More job information
Job ref no. CT3131911-01#2821
Salary
Job Function
Industry
Location
  • Quarry Bay
Employment Term
  • Permanent
  • Full-time
Experience
  • 5 years - 10 years
Career Level
  • Non-management level
Education
  • Degree
Benefits
  • 5-day week
  • Dental plan
  • Discretionary bonus
  • Insurance plan
  • Medical plan