Actuarial Analyst, Corporate Accounts
New York/Atlanta
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
We are seeking an actuarial professional to provide actuarial support for AIG’s industry leading Workers Compensation Guaranteed Cost business. This unique role will provide a range of experience in both pricing and reserving functions but will be focused primarily in pricing and related actuarial support. This role will provide the opportunity to engage with various profit centers within Corporate Accounts. We are looking for an individual who is internally motivated, intellectually curious, able to manage multiple priorities, and driven to enhance existing processes.
Key Responsibilities:
- Assist in analyzing the profitability of business segments within Corporate Accounts for the Workers Compensation book.
- Identify pockets of profitable growth opportunities.
- Monitor rate, exposure, retention, and adequacy changes.
- Monitor loss trends and relevant industry/regulatory changes and effectively communicate to management.
- Assist in the development of pricing and underwriting strategies.
- Provide business solutions to maximize risk adjusted profit.
- Support development and design of analytical tools and pricing raters to help business effectively manage its portfolios.
- Assist with quarterly financial and regulatory reporting (quarter close) and provide data for annual statement reporting.
Qualifications:
- 1+ years of experience in Commercial Casualty lines pricing and/or reserving
- 2 or more actuarial exams preferred
- Strong analytical and problem-solving skills
- Work well both independently and as part of a team
- Proficiency in Excel and SQL, with experience in SAS, Python, R, or other programming languages also preferred
- Strong business and collaboration skills and responsive to service needs and operational demands
- Effective time management skills
- Strong communication, presentation, and interpersonal skills
- Strong work ethic
- Customer focus
For positions based in NYC, the base salary range is $69,000-$86,000. 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
American 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.
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.
Functional Area:
Working at
AIG
American 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.