*** This role will be located in either the NYC office (preferred) or possibly Atlanta. ***

Candidates must meet the minimum work experience listed below to be considered.

Who we are

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.

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 Financial Actuaries are on the frontlines, quantifying risk, pricing insurance and reserving losses for AIG’s major regulated and rated insurance operating companies globally. Portfolio Analytics and Pricing Actuaries 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

What you need to know:

We are seeking an actuarial professional with industry expertise to assist with pricing the Commercial Property business.  The Actuarial Analyst will be responsible for profitability studies, portfolio deep dives, working with underwriters on large account pricing, and pricing model development & enhancements.  They will partner with other pricing actuaries in implementing best practices analytical techniques, partner with reserving actuaries in assessing the impact of loss trends and claims emergence, and partner with underwriters in assessing the impact of changes in appetite and portfolio mix.

Key Responsibilities:

• Analyze the profitability of the Retail Property Portfolio.
• Work closely with underwriting to develop pricing and underwriting strategies and identify pockets of profitable growth opportunities.
• Monitor rate, exposure, retention, new, lost business changes.  Monitor loss trends and relevant industry/regulatory changes and effectively communicate to management.
• Assist in providing business solutions to maximize risk adjusted profit.  Develop analytical tools to help business effectively manage existing portfolios.
• Work closely with reserving actuaries to understand reserve development and inform them of pricing and underwriting actions that will impact reserve estimates.
• Develop granular profitability improvement strategies.
• Assist in researching and developing best practices pricing techniques to be implemented across the business.

What we’re looking for:

• BS in Actuarial Science, Mathematics, Statistics, or related area.
• 2 actuarial exams required; 4 or more actuarial exams preferred.
• 1+ years of Actuarial work experience required; 2+ years of experience preferred
• Some experience in Property pricing preferred.
• Strong analytical and problem-solving skills.
• Work well both independently and as part of a team.
• Proficiency in Excel, SQL, SAS, Python, R, or other programming languages preferred.
• Strong business and collaboration skills and responsive to service needs and operational demands.
• Effective time management skills.
• Excellent communication, presentation, and interpersonal skills.
• Customer focus.

For positions based in NYC, the base salary range is $67,000--$85,000. 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.

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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. For example, our "Giving Back" 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.

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

To learn more please visit: https://www.aig.com/about-us/diversity-equity-and-inclusion

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 send an email to candidatecare@aig.com.   Reasonable accommodations will be determined on a case-by-case basis.

AC - Actuarial

Estimated Travel Percentage (%): No Travel

Relocation Provided: No

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