New York / Atlanta / Boston / Chicago

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, life 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.

About the role:

We are seeking an actuarial professional to provide actuarial support for AIG’s industry leading Excess Casualty business. This unique role will provide a range of experience in both pricing and reserving techniques and will provide the opportunity to engage with the various profit centers within Excess Casualty.  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:

• Support quarterly process of determining the appropriate amount of IBNR to be booked.
• Analyze information to assist in determination and documentation of the adequacy of loss and loss expense reserves.
• Assist in analyzing the profitability of business segments within Excess Casualty.  Identify pockets of profitable growth opportunities.
• Monitor rate, exposure, retention, new, and lost business changes.  Monitor loss trends and relevant industry/regulatory changes and effectively communicate to the management.
• Produce pricing analyses for large Excess Casualty accounts within agreed timescales, working closely with underwriters.
• Assist in the development of pricing and underwriting strategies.  Provide business solutions to maximize risk adjusted profit.
• Support development and design of analytical tools and techniques to help business effectively manage existing portfolios.

Qualifications:

• BS in Actuarial Science, Mathematics, Statistics, or related area
• 4 or more actuarial exams preferred
• 3+ years of experience in Commercial Casualty lines preferred
• Strong analytical and problem-solving skills
• Work well both independently and as part of a team
• Proficiency in Excel, SQL, SAS, Python, R, or other programming languages preferred
• Strong business and collaboration skills and responsive to service needs and operational demands
• Effective time management skill
• Excellent communication, presentation, and interpersonal skills
• Strong work ethic
• Customer focus

For positions based in NYC, the base salary range is $82,000--$110,000. In addition, the position is eligible for a bonus in accordance with the terms of the applicable incentive plan. We’re proud to offer a range of competitive benefits, a summary of which can be viewed here: AIG Benefits Overview.

AIG Benefits Overview.

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We're proud to offer a range of employee benefits and resources that help you protect what matters most - your health care, savings, financial protection and wellbeing. We provide a variety of leaves for personal, health, family and military needs. For example, our "Giving Back" program allows you to take up to 24 hours a year to volunteer in your community. Our global mental health and wellness days off provide all colleagues with a paid day off to focus on their mental health and wellbeing.

We also believe in fostering our colleagues' development and offer a range of learning opportunities for colleagues to hone their professional skills to position themselves for the next steps of their careers. We have a tuition reimbursement program for eligible colleagues to enhance their education, skills, and knowledge in areas that relate to their current position or future positions to which they may transfer or progress.

We are an Equal Opportunity Employer

American International Group, Inc., its subsidiaries and affiliates are committed to be an Equal Opportunity Employer and its policies and procedures reflect this commitment. We provide 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 such as sexual orientation. At AIG, we believe that diversity and inclusion are critical to our future and our mission – creating a foundation for a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives.

To learn more please visit: https://www.aig.com/about-us/diversity-equity-and-inclusion

AIG is committed to working with and providing reasonable accommodations to job applicants and employees with physical or mental disabilities.  If you believe you need a reasonable accommodation in order to search for a job opening or to complete any part of the application or hiring process, please send an email to candidatecare@aig.com.   Reasonable accommodations will be determined on a case-by-case basis.

At this time, AIG does not require that individuals be vaccinated for COVID-19 to enter an AIG office, except as required by applicable state or local regulations (such as vaccination requirements in New York).

Functional Area:

AC - Actuarial

Estimated Travel Percentage (%):  No Travel

Relocation Provided:  No

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