2024 Early Career Program, Actuarial Analyst - Shanghai, China
AIG
- Shanghai
- Training
- Full-time
- Produce pricing analyses/rate level indications at a portfolio or individual account level with accuracy and within agreed timescales by work closely with underwriters. Ensure appropriate loss cost assumptions are adopted, expenses are loaded as per global expense guidance and pricing methodologies are actuarially sound and in accordance with global pricing guidance.
- Actively involved in quarterly business review exercise. Identify and communicate key trends and/or loss drivers to stakeholders and subsequently recommending and monitoring of remedial actions.
- Collaborate with Data, System, and Underwriting functions to optimize local data platform, BI tools, and portfolio management mechanism, regularly maintain dashboard and update mapping table as needed.
- Support the annual budget loss ratio exercise by engaging with local/regional business and underwriting team. Liaising with regional/international actuaries on the budget loss ratio exercise.
- Support regional input on global guidelines and data collection as needed
- Provide the local business with ad hoc actuarial support as required to profitably grow their business and take remedial action where needed.
- Assist in researching and developing best estimate assumptions and advanced pricing techniques/predictive modelling.
- Consistently optimize pricing models of various products/ business lines, leveraging VBA or other programs to enhance the automation of models.
- Support the annual Marketing Allowable review exercise, compute lapse ratios for different segments, and implement the Marketing Allowable in Salesforce.
- Creation and regular maintenance and updates of pricing templates and documentations for various regions and minor lines of business.
- Creation and maintenance of pricing assumptions and rate libraries, ensuring log is updated timely for changes in the rate libraries.
- Documentation of key pricing assumptions, SOP, and best practices for various process within PPM.
- Any other duties as required.
- Bachelor or above degree in Actuarial Science, Mathematics, Statistics, Data Science or related area preferred.
- Strong ability in data science, proficiency in SQL and at least one programming language (e.g. R/Python/SAS) is a must, willingness to pick up new programming languages and tools if needed.
- Proficiency in Microsoft Office is a must, VBA is preferred.
- Relevant internship experience in insurance, reinsurance, or data science field.
- Strong analytical and problem-solving skills.
- Excellent communication, presentation, and interpersonal skills.
- Willing and able to continuously learn and adapt in a dynamic and fast changing environment.