At AIG, we are reimagining the way we help customers to manage risk. Join us as a Director & Actuary - US Programs to play your part in that transformation. It’s an opportunity to grow your skills and experience as a valued member of the team.

Make your mark on our Actuarial Team

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 a pricing actuary to support our growing US Programs business.  The actuary will help elevate the technical capabilities of the underwriting team through dynamic work projects such as new program due diligence & onboarding, rate filings, rate studies, price monitoring, trend analyses, and building out portfolio management & steering and insight tools.  The individual will be a trusted business partner, working with groups like underwriting and product development to understand account decision making and pricing practices to support Programs in ensuring profitable growth.  Our actuaries work closely with our MGA partners as well, providing insight and tool assistance as a value add for our business.

What you need to know:

• Lead rate studies and communicate results for the US Programs segments.  Identify areas to explore further to diagnose potential areas of concern and recommend remediation strategies
• Perform due diligence analyses for prospective business and support onboarding for approved programs
• Manage renewal process for large/national accounts
• Support rate filings for admitted programs, collaborating with product development and general counsel
• Work closely with underwriting business partners to review market trends, understand portfolio shifts, identify pockets of profitable business, and help management develop and quantify the impact of underwriting actions
• Establish and manage relationships with MGA partners and actuaries
• Assist MGA partners in better understanding their own data capabilities.  Build data “bridges”, performance monitoring, and rate tool support.
• Help advance the team’s ability to perform deeper analytics such as ranges of reasonability, sensitivity testing, and optimal portfolio mix
• Train and mentor junior analysts
• Monitor loss trends and relevant industry/regulatory changes, and effectively communicate to management
• Estimate, review, and evaluate actual monthly claim emergence against expectations
• Support the annual planning process
• Ensure model validation, SOX compliance and documentation standards are met

What we’re looking for:

• BS in Actuarial Science, Mathematics, Statistics, or related area preferred
• ACAS or FCAS credential
• CPCU, RPLU, ARM or other insurance credentials preferred
• 6+ years Programs pricing experience, or 8+ years of P&C pricing experience in multiple lines
• Experience across a broad array of Commercial Lines, including: Property, Auto, General Liability, and Professional Liability
• Proficiency in Microsoft Office required
• Experience in SQL and/or R highly preferred, Power BI or Tableau preferred
• Strong relationship building skills, with the ability to influence others and drive a process to a conclusion while meeting critical deadlines are critical to success.
• Ability to dive into technical and execution level details, do hands-on work, connect the dots while thinking strategically.
• Work well both independently and as part of a team
• Flexibility and effective time management skills
• Excellent communication, presentation, and interpersonal skills

For positions based inLos Angeles, California, the base salary range is $130,000-$172,000. For positions based in New York City, New York, the base salary range is $115,000-$170,000. 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: AIG Benefits Overview.

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

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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 belonging

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 our flexible work arrangements, diversity and inclusion learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The diversity 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 candidatecare@aig.com.  

We consider qualified applicants with criminal histories, consistent with applicable law.

AC - Actuarial

Estimated Travel Percentage (%): Up to 25%

Relocation Provided: No

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