Associate Actuary, 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 both pricing and reserving 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 reserve/ profitability study reviews for Commercial Casualty lines such as Auto Liability, General Liability and Workers’ Compensation.
- Collaborate with claims department and underwriting team to reflect underlying trends in the review.
- Assist in the development of pricing and underwriting strategies. Provide business solutions to maximize risk adjusted profit.
- 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 reserve changes to the 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.
- Responsible for quarterly and year-end financial reporting requests.
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, …) strongly 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 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
For positions based in NYC, the base salary range is $90,000-$127,000. 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.
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A look at our Benefits
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 16 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.
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AIG
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.