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

Lexington Insurance Company is the leading U.S.-based surplus lines insurer. For over 50 years, we have provided flexible solutions to companies and organizations of all sizes – from Fortune 100 corporations to small and middle market entities. Lexington is renowned for its ability to help brokers find solutions to the most challenging insurance needs of their clients.  Drawing on our entrepreneurial spirit, our employees are encouraged each day to rise to challenges and embrace opportunities to make a difference.  Lexington Insurance is headquartered in Boston, Massachusetts.

About the role

We are seeking an actuarial professional to assist with advancing our analytics within AIG’s Lexington Professional Lines business.  This is an exciting position focused on surplus-lines management liability and professional liability products, performing both pricing and reserving functions.  The actuary will help elevate the technical capabilities of the team through dynamic work projects such as profitability studies, reserve studies, claim modelling, reinsurance & planning support, and building out portfolio management & monitoring tools.    The individual will be a trusted business partner, working with groups like claims to understand reserving practices and judicial environment trends, as well as with underwriting to understand changing portfolios and ensure profitable growth.

Key Responsibilities:

• Perform and communicate the results of pricing studies and reserve studies for the Lexington Professional Lines segments
• 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
• Work closely with claims business partners to review claim trends, examine changes in the judicial environment, and quantify changes in reserving practices
• Help advance the team’s ability to perform deeper analytics such as ranges of reasonability, sensitivity testing, and optimal portfolio mix
• 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 quarterly close/booking process
• Support the annual planning process
• Ensure model validation, SOX compliance and documentation standards are met

Qualifications:

• BS in Actuarial Science, Mathematics, Statistics, or related area
• Successful completion of at least 4 exams; Actively taking CAS exams, pursuing ACAS credential
• 3+ years experience, management liability or professional liability familiarity preferred
• Experience in SQL & R strongly preferred
• Heavy data analysis or modeling experience preferred
• Strong analytical and problem-solving skills
• Innate drive to continuously learn and innovate
• Strong business and collaboration skills and responsive to service needs and operational demands
• Work well both independently and as part of a team
• Flexibility and effective time management skills
• Excellent communication, presentation, and interpersonal skills
• Proficiency in Microsoft Office required

#LI-DG1

#LI-Hybrid

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.

Functional Area:

AC - Actuarial

Estimated Travel Percentage (%):  No Travel

Relocation Provided:  No

National Union Fire Insurance Company of Pittsburgh, Pa.