Boston MA

Atlanta GA

Chicago IL

Parsippany NJ

Farmington CT

Associate

Qualified

Senior Actuary

Life

Health

Property & Casualty

Reserving

Reporting

Risk

Python

Modelling

Pricing

Valuation

Excel

Actuary - A&amp;HAt AIG, we are reimagining the way we help customers manage risk. Join us as an Actuarial Analyst to take on key responsibilities within a world-class actuarial function.Make your mark in ActuarialOur 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.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 impactThe candidate will be responsible for overseeing a wide range of actuarial activities to support AIG’s North American Accident &amp; Health business unit with a focus on the valuation function.The successful candidate will be technically strong, possess deep actuarial and insurance knowledge, be able to manage priorities, and think creatively for new product expansion.<ul><li>Collaborate with North American Accident &amp; Health business teams to design, price, file, and monitor a diverse line of A&amp;H products</li><li>Manage quarterly and year-end reserving process</li><li>Provide financial and actuarial inputs for annual budget, statutory reporting, and other internal and external reporting requests</li><li>Identify and explain Actual vs. Expected variances in financial results</li><li>Support strategic innovation initiatives through building and evaluating new products and benefits</li><li>Provide actuarial memorandums and rate manuals to support regulatory filings</li><li>Perform experience and rate indication studies across accounts, portfolios, and business segments</li><li>Develop and maintain underwriting rating tools and engines</li><li>Other ad-hoc and special projects</li></ul>Position Requirements:<ul><li>Bachelor’s degree or equivalent</li><li>ACAS / ASA</li><li>7+ years of A&amp;H or related P&amp;C/Life/Health experience</li><li>Skills with Excel VBA, Power Point, Access, SQL</li><li>Knowledge of SAS, R, or other data visualization software a plus</li><li>Strong verbal and written communication skills.</li></ul>At AIG, we value in-person collaboration as a vital part of our culture, which is why team members come together in the office four days per week. 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 mattersAt 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.Welcome to a culture of belongingWe’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 our flexible work arrangements, diversity and inclusion 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.

Actuarial professionals with expertise in quantitative analysis, insurance pricing, loss reserving, and risk quantification are integral to AIG’s success. We have dedicated Finance Actuaries that play a critical role in assessing the reserve need and thereby ensuring strong financial condition of AIG’s insurance operating companies around the world.Our Portfolio Analytics and Pricing Actuaries focus on directly supporting AIG’s businesses and are responsible for technical pricing, product development analytics, performance monitoring and measurement, as well as assessment of reinsurance needs. This team also works with marketing, operations, and financial management to achieve AIG’s business objectives.This role is an exciting opportunity for an actuarial professional to cultivate a deep and industry-leading understanding of the insurance risks facing our business. You will have the opportunity to: help advance the application of nontraditional reserving methods, collaborate across departmental functions, interact with senior research actuaries, and influence critical risk decisions. We are looking for an individual who is internally motivated, is intellectually curious, can manage multiple projects, and is driven to enhance existing processes.Responsibilities<ul><li>Responsible for the success of the reserve and pricing risk team, including one direct report, for all of AIG’s P&amp;C Lines of Business globally and determine the implications for capital management.</li><li>Calibrate stochastic insurance risk variability for all P&amp;C lines of business using Generalized Linear Models.</li><li>Develop model improvements and refine assumptions in collaboration with Enterprise Risk Management.</li><li>Enhance process for estimating future trends and associated forecast risk.</li><li>Create and present materials to communicate model results and impacts to senior management</li><li>Drive the integration of analytical results into performance measurement of reserve estimates and underwriting results.</li><li>Determine liability cash flow projections to duration match assets and inform risk-based capital models.</li><li>Analyze adequacy of loss and loss expense reserves using actuarial techniques; oversee and prepare reserve study documentation; provide information for financial statements.</li><li>Partner with leaders in the central reserving department to drive improvements in statutory reporting process, perform DVRs in the runoff organization and improve analysis and tracking of internal reinsurance assumed into the US Pool from International producing offices.</li><li>Leverage thought leadership in helping actuarial groups build out new reserving methods with priority of frequency/severity approach to D&amp;O, Excess Casualty and other relevant lines of business.</li><li>Partner with actuarial, claims, ERM, Treasury and Investments departments to maximize value of the reserve risk and payment pattern work across the organization.</li></ul>Requirements<ul><li>Degree in Actuarial Science, Mathematics, Statistics, or related area</li><li>Fellow or Associate of the Casualty Actuarial Society with at least 8 years of actuarial experience in property and casualty insurance – commercial casualty reserving (WC, GL) and Financial Lines experience preferred</li><li>Ability to dive into technical details and processes, deal with ambiguity, and overcome resistance to change.</li><li>Ideal candidate has proficiency with R; experience with SQL, SAS, or Python is a plus</li><li>Effective time management and organizational skills</li><li>Familiarity with insurance risk models and techniques</li><li>Excellent communication, presentation, and collaboration skills</li></ul>About AIGAmerican 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.BenefitsWe&#39;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 &#34;Giving Back&#34; 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.Equal opportunitiesAmerican 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 contact us. Reasonable accommodations will be determined on a case-by-case basis.

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