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AIG is hiring an

Actuarial Analyst

Who we are

American International Group, Inc. (AIG) is a leading global insurance organization. AIG member companies provide a wide range of property casualty insurance in approximately 70 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets and manage risks. We’re also committed to making a positive difference for our colleagues and in the communities where we work and live. We encourage colleagues to give back to the causes they care most about, supporting these efforts through our Volunteer Time Off and Matching Grants Programs.

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.

What you need to know:

We are seeking an actuarial professional with solid programming and modeling skills to assist with pricing and reserving for Financial Lines business. The Actuarial Analyst will be responsible for assisting with profitability studies, portfolio deep dives, working with underwriters on large account pricing, reserving, and model development & enhancements.

They will partner with other actuaries in implementing best practices analytical techniques, assess the impact of loss trends and claims emergence on reserves, and partner with underwriters in assessing the impact of changes in appetite and portfolio mix. We are looking for an individual who is internally motivated, intellectually curious, able to manage multiple priorities, and driven to enhance existing processes.

Key Responsibilities:

  • Analyze the profitability of the Financial Lines Portfolio and help develop granular profitability improvement strategies.
  • Work closely with underwriting to develop pricing and underwriting strategies and identify pockets of profitable growth opportunities.
  • Monitor rate, exposure, retention, new and lost business changes. Monitor loss trends and relevant industry/regulatory changes and effectively communicate to management.
  • Improve current processes through automation using programming and modeling skills (SQL, Python, R, etc.).
  • Support development and design of analytical tools and pricing raters to help business effectively manage its portfolios; this includes improving pricing raters by implementing changes to existing raters.
  • Estimate reserve needs and communicate how pricing and underwriting actions will impact reserve estimates to key stakeholders.
  • Assist in researching and developing best practices pricing and reserving techniques to be implemented across the business.

What we’re looking for:

  • Bachelor’s Degree in Actuarial Science, Mathematics, Statistics, or related area
  • 2+ actuarial exams required
  • 1+ years of actuarial experience in commercial lines P&C insurance preferred; some experience specifically in Financial Lines preferred
  • Strong analytical and problem-solving skills
  • Work well both independently and as part of a team
  • Proficiency in Excel VBA, SQL, SAS, Python, R, or other programming languages required
  • Strong business and collaboration skills and responsive to service needs and operational demands
  • Effective time management skills
  • Excellent communication, presentation, and interpersonal skills

For positions based in NYC, the base salary range is $74,000--$93,000. 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.

Veterans are encouraged to apply

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. 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.

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