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Transactional Actuary

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.

Job Description:

+ Transactional Actuary will be responsible for individual account pricing reviews for the Northeast Region of AIG for multiple lines of business. The lines of business include workers' compensation, general liability and commercial auto for primary coverages. Pricing responsibilities include communication of actuarial pricing to underwriters, clients and brokers. Occasional business travel may be required.

+ As an individual contributor, you will be expected to actively manage the deal pipeline with underwriters, while delivering within tight deadlines.

+ Participate in peer reviews and impact analyses of default parameters within the pricing tools.

+ Participate in ad hoc projects around different initiatives of our group. Communicate results of the projects to a variety of technical and non-technical audiences across the organization.

+ Work in close collaboration with key internal business partners from a variety of functional areas to ensure the success of underwriting and pricing strategies.

+ Location: NYC

Job Requirements:

Basic qualifications

+ ACAS

+ 5+ years of relevant actuarial experience in Casualty/Specialty

+ Ability to work independently and as a team player

+ Excellent analytical and quantitative skills

+ Strong influencing skills – ability to work with cross-functional teams to gather inputs and align objectives and recommendations.

+ Excellent communication skills – ability to communicate with clarity across the organization.

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

+ Creative problem solving

Preferred qualifications

+ Pricing experience in workers' compensation, automobile liability, general liability, umbrella and excess lines, or other commercial products preferred

+ Programming skills (VBA, SAS, Python, R, etc.) would be a plus

For positions based in New York, the base salary range is $116,000-$145,000. In addition, 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 (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].

AIG reserves the right to conduct a criminal background check, tailored to the requirements of a job, after a conditional employment offer is made. Unless otherwise required by law, AIG does not automatically exclude any applicant with a criminal conviction for a job or class or jobs. For more information about Philadelphia law specifically, copy and paste the following link within your browser: http://www.phila.gov/HumanRelations/PDF/BTB%20POSTER%20FINAL\_3-9-16.pdf

Functional Area:

AC - Actuarial

National Union Fire Insurance Company of Pittsburgh, Pa.