Associate Actuary (Retail P&C)

Associate Actuary - North America Property

At AIG, we are reimagining the way we help customers manage risk. Join us as an Associate Actuary - North America Property to take on key responsibilities within a world-class actuarial function.

Make your mark in Actuarial

Our Actuaries are on the front lines, quantifying risk, pricing insurance, and reserving losses for AIG’s major insurance operating companies globally. We collaborate with Finance, Claims, Operations, Marketing, and Risk Management, among other functions.

As an AIG actuary, you will be challenged and encouraged to reach your greatest potential to help improve how we predict, manage, and mitigate risk.

How you will create an impact

We are seeking an actuarial professional to support North America Property, including Retail and Canada. The individual will work to streamline processes across the different Property segments.

They will also partner with other pricing actuaries in implementing best practices analytical techniques, catastrophe modelers to incorporate results into pricing, and reserving actuaries in assessing the impact of loss trends and claims emergence.

• Work closely with the Chief Underwriting Office to develop pricing and underwriting strategies and identify opportunities for profitable growth.
• Review the parameters in the pricing systems, actively work to improve the pricing systems, and monitor underwriter adherence to pricing procedures and methodologies.
• Coordinate pricing, planning, and accumulation management efforts with the cat modeling team to ensure adequate risk-adjusted returns.
• Develop analytical tools to help underwriters assess the risks posed by insureds, aligning the pricing framework across different underwriting platforms.
• Provide quarterly analysis and rate need indications for Canada Property Programs.
• Work closely with reserving actuaries to understand sources of reserve development and ensure appropriate recognition of pricing and underwriting actions.
• Provide recommendations on rating methodologies, parameters, and tools to improve accuracy of technical pricing.
• Ensure alignment of tools, reporting metrics, and goals with other property teams to optimize team efficiency.

What we are looking for

• At least an Associate of the Casualty Actuarial Society (ACAS).
• At least 5 years of commercial lines actuarial experience, preferably with significant commercial property pricing experience.
• 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.
• Solid understanding of catastrophe modeling fundamentals.
• Timeliness and attention to detail.

For positions based in New York, the base salary range is $129,000-$154,000. For positions based in New Jersey, the base range is $115,000-$148,000, and for positions based in Illinois, the base range is $110,000-$141,000. The position is eligible for a bonus in accordance with the terms of the applicable incentive plan.

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.

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. It is an exciting time to join us — across our operations, we are thinking in new and innovative ways to deliver better solutions to our customers.

At AIG, you can go further to support individuals, businesses, and communities, helping them to manage risk and respond to times of uncertainty.

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 and cultural awareness activities.

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

National Union Fire Insurance Company of Pittsburgh, Pa.