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Job Description

Who we are

American International Group, Inc. (AIG) is a leading global insurance organization. Building on 100 years of experience, today AIG member companies provide a wide range of property casualty insurance, retirement solutions, and other financial services to customers in more than 80 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security.

Get to know the business

General Insurance is a leading provider of insurance products and services for commercial and personal insurance customers. It includes one of the world’s most far-reaching property casualty networks. General Insurance offers a broad range of products to customers through a diversified, multichannel distribution network.

As an actuary at AIG, you will be challenged and encouraged to reach your greatest potential. Every day will bring new opportunities to stretch your analytical and problem- solving skills as you improve how we predict and mitigate risk. Our Financial Actuaries are on the frontlines, quantifying risk, pricing insurance and reserving losses for AIG’s major regulated and rated insurance operating companies globally. Portfolio Analytics and Pricing Actuaries support AIG’s businesses and are responsible for technical pricing, product development analytics and performance measurement. They collaborate with Marketing, Operations and Financial Management.

Actuarial Analyst Sr, AIGRM

New York

We are seeking an actuarial professional to provide actuarial support for AIG’s industry leading Risk Management business. This unique role will provide a range of experience in pricing techniques and will offer the opportunity to work with various casualty products covering Auto, General Liability, and Workers Compensation. We are looking for an individual who is internally motivated, intellectually curious, has the ability to manage multiple priorities, and is driven to enhance existing processes.

Key Responsibilities:

+ Perform annual profitability study reviews for Commercial Casualty lines such as Auto Liability, General Liability, and Workers’ Compensation.

+ Assist in the development of pricing and underwriting strategies. Provide business solutions to maximize risk adjusted profit.

+ Collaborate with claims department and underwriting team to reflect underlying trends in the review.

+ Assist in analyzing the profitability of business segments, support the annual planning process and determine the current year booking loss ratios by segment.

+ Communicate key drivers of profitability changes to senior actuarial management.

+ Identify pockets of profitable growth opportunities in the portfolio.

+ Support development and design of analytical tools and techniques to help business effectively manage existing portfolios.

+ Monitor rate, exposure, retention, new, and lost business changes. Monitor loss trends, actual versus expected and relevant industry/ regulatory changes and effectively communicate to the management.

Qualifications:

+ ACAS, or near ACAS required

+ 5+ years of experience in Commercial Casualty lines pricing and/or reserving

+ Working knowledge of relevant programming skills (SQL, Python, VBA, SAS, …) required.

+ Strong analytical and problem-solving skills

+ Work well both independently and as part of a team

+ Strong business and collaboration skills and responsive to service needs and operational demands

+ Effective time management skills

+ Excellent communication, presentation, and interpersonal skills

+ Proven project management skills – ability to manage and coordinate large and complex projects across the organization

+ Strong work ethic

+ Customer focus

The base salary range for this position is $125,600-$157,000 and the position is eligible for a bonus in accordance with the terms of the applicable incentive plan. In addition, we’re proud to offer a range of competitive benefits, a summary of which can be viewed here: US Benefits Overview (https://sprcdn-assets.sprinklr.com/248/c93e06c6-6661-4d7d-9e44-0b1edfc3704e-1908744075/New\_Hire\_Benefits\_Overview.pdf)

At AIG, we value in-person collaboration as a vital part of our culture, which is why we ask our team members to be primarily in the office. This approach helps us work together effectively and create a supportive, connected environment for our team and clients alike.

Enjoy benefits that take care of what matters

At AIG, our people are our greatest asset. We know how important it is to protect and invest in what’s most important to you. That is why we created our Total Rewards Program, a comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health, wellbeing and financial security—as well as your professional development—to bring peace of mind to you and your family.

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 inclusion

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 learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The talent 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:

AC - Actuarial

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