Actuarial Analyst (Casualty Specialty Markets)

At AIG, we are reimagining the way we help customers manage risk. Join us as an Actuarial Analyst for the Casualty Specialty Markets (CSM) to play your part in this transformation. It’s an opportunity to grow your skills and experience as a valued member of the team.

Make your mark in Actuarial

Our actuaries are on the front line, quantifying risk, pricing insurance, and reserving losses for AIG’s major insurance operations. Pricing actuaries support portfolio development and are responsible for technical pricing, product development analytics, and performance measurement.

How you will create an impact

We are seeking a highly motivated and curious actuarial analyst to join our pricing team. The actuarial analyst will be responsible for pricing and supporting the environmental, energy, and trucking portfolio. The position involves profitability analysis, rater development and maintenance, establishing budgets, and building portfolio strategy.

They will partner with other actuaries in implementing best practices, analytical techniques, and assessing the impact of loss trends and claims emergence. Specifically, the analyst will:

• Work closely with underwriting to develop pricing and help identify growth opportunities.
• Support the business review process and portfolio deep dives, which include reviewing portfolio loss ratios to assess the impact on business performance.
• Develop premium adequacy reports and budget loss ratio estimates for various segments.
• Collaborate with the data team to create efficiency and drive improvements to achieve actuarial transformation goals.
• Support the development of modeling projects on AIG’s modeling platforms.
• Ensure accuracy of quoting and rating systems by working with Underwriters.

What you’ll need to succeed

• At least 2 completed Casualty Actuarial Society (CAS) exams.
• 1+ years of relevant actuarial experience in commercial insurance.
• Proficiency in programming languages such as SQL, Python, and R.
• Self-motivated with a passion for continuous learning.
• Strong analytical and problem-solving skills.
• Works well independently and as part of a team.
• Strong business and collaboration skills.
• Excellent communication, presentation, and interpersonal skills.

For positions based in New York, the base salary range is $84,000-$108,000, and for positions based in New Jersey, the base salary range is $80,000-$103,000. 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.

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

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.

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 manage risk, respond to times of uncertainty, and discover new potential.

Welcome to a culture of inclusion

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 learning, cultural awareness activities, and Employee Resource Groups (ERGs). The talent 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.

Functional Area: AC - Actuarial AIG Property Casualty Company