(AIG Sonpo) Sr Actuarial Analyst / Actuarial Analyst at AIG

Minato-ku, Tokyo, Japan

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

InsuranceIndustries

Requirements

Bachelor's degree or equivalent (preferably in science/mathematics field)
For Sr Actuarial Analyst: Associate member or higher of the Japan Actuary Association
For Actuarial Analyst: Passed multiple subjects in the Japan Actuary Association qualification exams
Analytical and quantitative skills (experience using various analysis software)
For Sr Actuarial Analyst: Experience in non-life insurance actuarial work, particularly data analysis and premium calculation in auto insurance
For Actuarial Analyst: Experience in actuarial science, data analysis, or non-life insurance field
Likes working with data/numbers and writing programs
Ability to autonomously set challenges and provide solutions
High initiative (e.g., actively takes on tasks)
Strong sense of responsibility (completes assigned work proactively)
Strong collaboration with other members
Flexibility to adopt advanced and practical approaches
Strong drive for self-improvement (e.g., commitment to obtaining actuarial qualifications)
No resistance to English

Responsibilities

Premium calculation tasks: Conduct various analyses and calculations for determining auto insurance premium rates and explain the results
Analysis tasks:
Conduct periodic analyses and continuously participate in product design/premium rate verification processes
Perform ad-hoc detailed analyses as needed and provide results (with detailed explanations) to relevant departments to support product design, underwriting rule formulation, and various initiatives
Collaborate with business analysis and underwriting teams to monitor insurance risk elements (including accumulated/disaster risks) and support portfolio management
Approval-related tasks: Closely collaborate with the approval application team to prepare actuarial approval documents (calculation method documents and premium calculation basis, etc.) and handle negotiations with the Financial Services Agency
Financial tasks:
Closely collaborate with the product team to support planning for auto insurance profitability and growth targets, and monitor progress
Confirm changes in accounting treatments (including IBNR estimation methods) and their impacts
Skill development:
Continuously acquire new technologies and latest knowledge to improve own and team members' skills
Understand actuarial practices outside auto insurance and apply to auto actuarial tasks
Seriously commit to self-development (e.g., obtaining actuarial qualifications) and achieve results

Skills

Key technologies and capabilities for this role

Actuarial AnalysisData AnalysisInsurance PricingRisk ModelingPremium CalculationIBNR EstimationFinancial PlanningStatistical Software

Questions & Answers

Common questions about this position

Is this a remote position or does it require office work?

The role requires team members to be primarily in the office to support in-person collaboration, which is a vital part of AIG's culture.

What qualifications are required for the Sr Actuarial Analyst position?

For Sr Actuarial Analyst, candidates need to be a quasi-member or above of the Japan Actuary Association and have experience in property and casualty insurance actuarial work, especially data analysis and premium calculation in auto insurance.

What skills and traits are needed for this actuarial role?

Required skills include analysis and quantification skills with experience using analysis software, along with traits like enjoying data and programming, self-motivation, responsibility, teamwork, flexibility, drive for self-improvement such as obtaining actuarial qualifications, and comfort with English.

What is the company culture like at AIG?

AIG values in-person collaboration as vital to its culture, creating a supportive and connected environment, and invests in people through a Total Rewards Program focused on health, wellbeing, financial security, and professional development.

What makes a strong candidate for this actuarial analyst position?

Strong candidates will have a bachelor's degree preferably in a science/math field, relevant actuarial qualifications or exam passes, experience in insurance actuarial or data analysis, and personal traits like proactivity, responsibility, teamwork, and a strong drive for actuarial qualification attainment.

AIG

Global insurance provider for individuals and businesses

About AIG

AIG provides a variety of insurance products and services aimed at individuals, families, and businesses. Their offerings include life insurance, retirement planning, and commercial insurance, which help clients manage risk and protect their assets. AIG operates by underwriting insurance policies and managing risk, while also investing the premiums collected to generate income. This company stands out from competitors by not only focusing on traditional insurance but also emphasizing cybersecurity and data protection to keep clients' information safe. AIG's goal is to help clients achieve financial security and peace of mind through comprehensive insurance solutions.

New York City, New YorkHeadquarters

1919Year Founded

IPOCompany Stage

Cybersecurity, Financial ServicesIndustries

10,001+Employees

Benefits

Health, dental, & vision coverage

Flexible Spending Accounts (FSA)

401(k)

PTO

Commuter Expense Reimbursement Account

Risks

Sale of personal travel business may reduce AIG's market presence in travel insurance.

Expansion in Atlanta could pose financial risks if expected growth does not materialize.

Deconsolidation of Corebridge Financial might lead to loss of synergies and increased costs.

Differentiation

AIG offers a wide range of insurance products globally, serving diverse client needs.

Corebridge Financial, a subsidiary, enhances AIG's offerings in retirement planning and financial futures.

AIG emphasizes cybersecurity and data protection, ensuring clients' information remains secure.

Upsides

AI adoption in underwriting and claims processing enhances efficiency and reduces costs for AIG.

InsurTech partnerships offer AIG opportunities to enhance digital capabilities and drive innovation.

Telematics and usage-based insurance allow AIG to offer personalized and flexible products.

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