Sr Actuarial Analyst – Reserving - NA Specialty
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 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/Reserving 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 specialty lines of business. Lines of business include Aerospace, Marine, Energy, and Credit Lines. This unique role will provide a range of experience in both pricing and reserving techniques. This key role will be highly visible, as you will have the opportunity to interact with the various profit centers, claims departments, and underwriting departments within Specialty. 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.
The job can be located in Philadelphia or Atlanta.
Key Responsibilities:
- Assist in the analysis of US STAT and GAAP reserve estimates, both gross and net of reinsurance.
- Analyze information to assist in determination of the adequacy of loss and LAE reserves.
- Support monthly, quarterly, and annual internal and external reporting processes and documentation.
- Assist in the production of key reserving results and analytics to best convey financial results to stakeholders.
- Perform peer reviews on profitability analyses and provide meaningful feedback to pricing actuaries.
- Be technically proficient using actuarial techniques/concepts/methodologies in order to both implement and execute actuarial best practices.
- Support the global actuarial function by building relationships and sharing information in a clear, focused manner while maintaining a positive attitude towards change.
Qualifications:
- BS in Actuarial Science, Mathematics, Statistics, Finance or related area
- 3+ actuarial exams required
- 3+ years of actuarial experience in property casualty insurance. Reserving experience strongly preferred.
- Strong analytical and problem-solving skills
- Work well both independently and as part of a team
- Effective time management, planning skills, and business acumen
- Excellent communication, presentation, and interpersonal skills
- Strong work ethic and attention to detail
- Proficiency in Excel, SQL, SAS, Python, R, or other programming languages preferred
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.
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.pdfFunctional Area:
Working at
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.