"Alerted.org

Senior Actuarial Analyst - Excess Casualty

At AIG, we are reimagining the way we help customers to manage risk. Join us as a Senior Actuarial Analyst, Excess Casualty to take on key responsibilities within a world-class actuarial function.

Make your mark in Actuarial

Our Actuaries are on the front lines, quantifying risk, pricing insurance and reserving losses for AIG’s major insurance operating companies, globally. We collaborate with Finance, Claims, Operations, Marketing and Risk Management, among other functions. As an AIG actuary, you will be challenged and encouraged to reach your greatest potential to help improve how we predict, manage and mitigate risk.

How you will create an impact

We are seeking an actuarial professional with industry expertise to assist with reserving the Excess Casualty business. The Senior Actuarial Analyst will be responsible for annual deep dive reserve reviews, quarterly reserve monitoring, current accident year loss ratio review, booking the quarter close, and preparing reinsurance submissions. They will partner with other reserving actuaries in implementing best practices analytical techniques, partner with pricing actuaries in assessing the impact of loss trends and claims emergence, and partner with claim department in assessing the impact of changes in litigation environment.

+ Analyze the projected future liability of Excess Casualty including Excess General liability, Auto liability and Environmental.

+ Work closely with underwriting to understand the changing portfolio mix and implications for current accident year, and recommend underwritings strategy to move toward more profitable growth opportunities.

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

+ Work closely with claim department in assessing the impact of changes in litigation environment.

+ Work closely with pricing actuaries to inform them of reserve development, and understand pricing and underwriting actions that will impact reserve estimates.

+ Develop best practices reserving techniques, including MCMC, GLMs, to be implemented across the business.

What you’ll need to succeed

+ BS in Actuarial Science, Mathematics, Statistics or related area

+ 3 or more actuarial exams

+ 2+ years experience in commercial casualty lines (e.g. GL, Excess, Auto)

+ Proficiency in Excel, Snowflake, SQL, Python, R, or other programming languages preferred.

+ 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 skill

+ Excellent communication, presentation, and interpersonal skills

+ Customer focus

The base salary range is $110,000-$130,000 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)

Ready to set new industry standards? We would love to hear from you.

#LI-CM1

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

National Union Fire Insurance Company of Pittsburgh, Pa.