Who we are

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.

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 througha 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 with industry expertise to assist with the Environmental business.  The Actuary will be mainly responsible for pricing and supporting the Environmental Profit Centre. The position involves profitability analysis/ deep dive and benchmarking for Environmental and General Liability Exposures (EAGLE) Program, Contractors Pollution Liability (CPL), and Underground Storage Tank (UST).  Additional duties include assisting with reserve analysis, planning, and financial reporting for Schedule P and other annual statement exhibits. They will partner with other actuaries in implementing best practices, analytical techniques and assessing the impact of loss trends and claims emergence. 

What you need to know

• Work closely with underwriting to develop pricing, underwriting strategies, identify pockets of profitable growth opportunities and future underwriting actions.
• Support the business review process and portfolio deep dives, which include reviewing underwriting actions impacting loss ratios to access impact on current and future performance.
• Ensure accuracy of quoting and rating systems by working with Underwriters.
• Ensure execution of rate level indications, portfolio profitability exercise and rate reviews within planned time frame
• Collaborate with data team to drive process improvement and achieve actuarial transformation goals
• Development and production of premium adequacy reports and budget loss ratio estimates for various segments.
• Perform peer review for actuarial work products.
• Perform environmental annual reserve studies, which include Primary and Excess General Liability, Auto Liability, CPL, and non-standard lines such as Mass Tort and Pollution.
• Provide actuarial support for quarterly closings and year-end financial reporting.
• Communicate with and advise senior management, underwriters, comptrollers, claims department. 
• Work effectively as part of a team and train junior staff in order to achieve financial, strategic and operational objectives

What we are loking for

• BS in Actuarial Science, Mathematics, Statistics, or related area
• ACAS or nearing ACAS
• 4 years or more experience in commercial casualty 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 skill
• Excellent communication, presentation, and interpersonal skills

For positions based in NYC, the base salary range is $107,000-$133,000. 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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