Actuary & Director (P&C)

Who we are

American International Group, Inc. (AIG) is a leading global insurance organization. Building on 100 years of experience, 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. They 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 a dynamic actuary to manage and own the filings review process for our High-Net-Worth Personal Lines Program. You will also be involved in ad-hoc pricing projects related to strategy and remediation.

This is a highly collaborative and visible role in which you will work with key stakeholders across multiple functions throughout the organization. Given the financial planning and monitoring nature of the work, your contributions will directly influence senior leadership business decisions around portfolio growth, profitability, and strategy.

We are looking for someone with an entrepreneurial mindset who wants to further their technical skills and business acumen. Candidates must have the ability to work within a team while contributing directly in select areas as needed.

Background in pricing, reserving, and reinsurance is strongly preferred. Familiarity with personal lines and homeowners is a plus.

What you need to know:

• Act as the point of contact for all filings related review work prepared by our Program Administrator’s (PA) actuarial team. This includes base rate filings, form filings, and model/segmentation filings.
• Review and opine on proposed methodology and template changes by the PA actuarial team.
• Lead discussions regarding state indication review, including reconciliation of differing indications with the PA actuaries.
• Understanding of reinsurance and how to calculate the cost of reinsurance for indication/filings work.
• Work with the PA to develop remediation strategies for the products/states as needed.
• Build and maintain dashboards for key KPIs related to topline/production and plan loss ratio tracking.
• Provide recommendations and insights on topline policy and premium drivers.
• Analyze proposed growth and remediation strategies and estimate their impact on top and bottom-line results.
• Work with finance to provide the necessary information needed for quarterly close and P&L reports.
• Establish and maintain relationships with cross-functional teams (UW, Finance, Ceded Re, IT) to ensure we are collecting the appropriate and necessary data to make informed decisions.
• Direct process improvements weighing cost and benefit to reduce manual work efforts and improve efficiency and accuracy.

What we’re looking for:

The candidate should possess strong technical and business expertise with the ability to build sustainable, collaborative relationships, influence business stakeholders, and lead, motivate, and gain commitment from key constituents.

Additional requirements include:

• Associate or Fellow of the Casualty Actuarial Society with 6+ years of actuarial experience in Personal Lines pricing.
• Experience across multiple Personal Lines products (Auto, Home, Umbrella, Yacht, Collections).
• Experience with the Personal Lines filings process, including calls with the Departments of Insurance.
• Familiarity with CAT models and the modeling process.
• Experience with traditional (reinsurance) and non-traditional transfer of risk vehicles.
• Ability to interact with various levels of senior management, external clients, and external actuaries.
• Strong technical skills in Excel, SQL, and VBA.
• Exceptional communication skills, including the ability to develop and present clear and concise analysis and recommendations to senior management.
• Willing and able to continuously learn and adapt in a dynamic and fast-changing environment.
• Ability to dive into technical and execution-level details, do hands-on work, connect the dots while thinking strategically, and serve as a strong thought partner to cross-functional leaders.

For positions based in New York, the base salary range is $159,000-$204,000. In addition, the position is eligible for a bonus in accordance with the terms of the applicable incentive plan.

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 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 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).

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 PC Global Services, Inc.