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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.
About the role:
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.
- Manage a team of pricing analysts
- Run and review rate indications
- Develop rating proposals working with the Product team
- Support premium raters, and the rating validation & testing process
- Extract/review data quality and help build databases relevant to personal lines
- Produce state rate filings and respond to department inquiries and objections
- Do various pricing analysis on territories and /or segments as needed / requested
What we’re looking for:
We are seeking an actuarial professional with industry expertise to support Personal Lines Pricing for AIG's products sold through Private Client Select Insurance Services (PCS). The pricing actuary will be responsible for working with the product, underwriting, compliance, and finance teams to develop and execute our rate plans and provide customized pricing support for unique risks. They will partner with other pricing actuaries in implementing best practices for analytical techniques.
Candidate must have skills to work within a team while contributing directly in select areas as needed. A background in property & casualty pricing is essential. Familiarity with personal lines & homeowners is a plus. As part of the larger PCS Actuarial team, the actuary is expected to work seamlessly with the PCS reserving, countrywide modeling & analytics teams. The role also partners with Product, Finance, Data, and IT.
- BS in Actuarial Science, Mathematics, Statistics, or related area
- CAS Exam 5 and +, working towards Actuarial designations
- 5+ years of actuarial experience; including mentoring or managing actuaries
- Property and Casualty Pricing Experience
- Proven track record in pricing/reserving, personal lines and/or high net worth experience preferred
- Strong analytical and problem-solving skills
- Strong business and collaboration skills, and responsive to service needs and operational demands
- Proficiency in Excel required. SQL, R, or other similar programming languages preferred.
- Effective time management skill
- Excellent communication, presentation, and interpersonal skills.
- Customer focus
For positions based in NYC, the base salary range is $110,000-$138,000. For positions based in Jersey City, NJ, the base salary range is $93,000-$138,000. 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.
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.
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 firstname.lastname@example.org. Reasonable accommodations will be determined on a case-by-case basis.
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