(AIG Sonpo) Senior Risk Analyst, Insurance Risk (Tokyo)

Position Summary:

Responsible for supporting the Insurance and Nat Cat Subject Matter Experts (SMEs) for detailed modelling and analysis work on both the Standard Model (ESR Field Test) and the Economic Capital Model (a.k.a. Internal Model).

Please refer to the primary responsibilities such as model run update, stress testing and preliminary output analysis for AIG Japan (including AIG Sonpo, AHA).

[Skills]

You will be asked to comprehensively understand AIG Japan's Economic Capital Model. Capital modelling is of utmost importance as the company seeks to optimize its insurance writing, reinsurance structure and asset allocation to achieve the highest risk adjusted return for investors. Throughout the role, you will be able to improve your ability to make sensible actions and suggestions for the business and enhance your competencies of Enterprise Risk Management (ERM) to enrich your future career development.

This role is also enabling candidate to develop a global vision through dynamic interaction/collaboration with our international ERM colleagues.

[Work style]

ERM is a function that allows flexible working arrangement than other functions due to its nature and may be able to accommodate candidate’s request upon mutual agreement with the manager, subject to compliance with applicable external & internal rules and regulation.

※　The role has some flexibility in job grade between 18~20 considering the level of candidate’s previous business experience & expertise.

 RESPONSIBILITY (GJG range intended)

Primary Responsibilities

1. Support ERM leading firmwide implementation of ESR regulatory framework and related field tests and transformation efforts　　

2.Take responsibility for ECM run update ensuring that the end-to-end process is complete, accurate and appropriate.20

3.Learn and manage semi-annual GIRO model update.

4.Put together processes and reports for stress testing. Learn and support executing stress tests for specific risk area such as Insurance, Nat Cat and Investment.

5.Work closely with the SQL database engineer on the development of Internal Model output automation.

6.Perform actuarial / quantitative analysis of the model outputs for testing and validation purposes.

7.Documentation: maintain and update the documentation supporting the Internal Model.

8.Work on preparation of RCC slide deck for AIG Sonpo/AJH MC and BoD.

9.Support the drafting of relevant sections in Own Risk & Solvency Assessment (ORSA) Report for FSA.

10.Interact with overseas colleagues, e.g., GI-International, AIG Inc.

Desired skills, experience, and knowledge to perform This job Function:

• Fluent in Japanese and Business level English
• Bachelor’s degree or greater in Mathematics, Statistics or Actuarial Science
• Minimum 3+ years of insurance experience (Capital/Risk/Reserving/Pricing) with good understandings of Non-life Insurance and/or Health Insurance
• Business IT literacy (Microsoft Office, VBA, R and SQL)
• Good communication skills, both written and verbal
• Ability to work under own initiative and show flexibility to meet business needs
• (Preferred) Experience of using Statistical/DFA modeling platforms/tools
• (Preferred) Work experience with overseas in English
• (Preferred) Insurance products and practice knowledge
• (Preferred) Project management experience and knowledge

Reimagining insurance to make a bigger difference to the world

American International Group, Inc. (AIG) is a global leader in commercial and personal insurance solutions; we are one of the world’s most far-reaching property casualty networks. It is an exciting time to join us — across our operations, we are thinking in new and innovative ways to deliver ever-better solutions to our customers. At AIG, you can go further to support individuals, businesses, and communities, helping them to manage risk, respond to times of uncertainty and discover new potential. We invest in our largest asset, our people, through continuous learning and development, in a culture that celebrates everyone for who they are and what they want to become.

Welcome to a culture of belonging

We’re committed to creating a culture that truly respects and celebrates each other’s talents, backgrounds, cultures, opinions and goals. We foster a culture of inclusion and belonging through our flexible work arrangements, diversity and inclusion learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The diversity of our people is one of AIG’s greatest assets, and we are honored that our drive for positive change has been recognized by numerous recent awards and accreditations.

AIG provides equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories.

AIG is committed to working with and providing reasonable accommodations to job applicants and employees with disabilities.  If you believe you need a reasonable accommodation, please send an email to [email protected].  

Functional Area:

RK - Risk

Estimated Travel Percentage (%): No Travel

Relocation Provided: No

AIG General Insurance Company, Ltd.