Job Description

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, 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 Primary Auto Casualty business. This unique role will provide a range of experience in both pricing and reserving and will provide the opportunity to engage with various profit centers within AIGRM (AIG Risk Management). 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.

What you need to know:

• Support quarterly process of determining the appropriate amount of IBNR to be booked.
• Assist with quarterly financial and regulatory reporting (quarter close) and provide data for annual statement reporting.
• 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 AIGRM for the Auto book. Identify pockets of profitable growth opportunities.
• Monitor rate, exposure, retention, and adequacy changes. Monitor loss trends and relevant industry/regulatory changes and effectively communicate to management.
• 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 pricing raters to help business effectively manage its portfolios.

Qualifications:

• BS in Actuarial Science, Mathematics, Statistics, or related area
• 3 or more actuarial exams preferred
• Strong analytical and problem-solving skills
• Work well both independently and as part of a team
• Proficiency in programming languages recommended (Excel, SQL, Python, and R strongly preferred)
• Some experience with and interest in predictive modeling techniques 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

At AIG, we value in-person collaboration as a vital part of our culture, which is why team members come together in the office four days per week. This approach helps us work together effectively and create a supportive, connected environment for our team and clients alike.

For positions based in New York, the base salary range is $90,400-$113,000 . In addition, the position is eligible for a bonus [OR commission] 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: US Benefits Overview.

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 [email protected] .

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