Senior Actuarial Assistant
New York City

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 through a diversified, multichannel distribution network.

About the role

What you need to know:
We are seeking an early-career level actuarial professional to provide actuarial support for AIG’s industry leading Private Client Group business. The lines of business include Homeowners, Auto, Personal Excess Liability and Collections. This role will provide a range of experience in pricing and in working closely with business partners. You will have the opportunity to interact with the Reserving, Product, Catastrophe Management, Finance, Compliance, and IT areas. We are looking for an individual who is internally motivated, intellectually curious, can manage multiple priorities, and is driven to enhance existing processes and make an impact on the business.

Key Responsibilities:

• Rate indications - analyze information to assist in determination and documentation of the adequacy of premium charged in a state
• Test rates using built raters and cross check against results in IT
• Assist in monitoring rate, loss ratio, conversion, and retention on new and in-force business. Monitor loss trends and relevant industry/regulatory changes and effectively communicate to the management and Product
• Develop rating proposals working with Product managers that effectively meets business goals
• Produce state rate filings being cognizant of state insurance department requirements and respond to department inquiries
• Produce pricing analyses as needed for territory and various segments of business
• Do competitive analysis based on filing info and available software
• Assist in the development of pricing and product strategies. Provide business solutions to maximize risk adjusted profit
• Support development and design of analytical tools and techniques to improve actuarial estimates & methods and to help business effectively manage the business.
• Continue to develop in knowledge of the business and of data/ analytics tools
• Make progress on exams toward attainment of actuarial credentials.

What we’re looking for:

• BS in Actuarial Science, Mathematics, Statistics, or related area
• Two or more actuarial exams
• 1+ year of experience strongly preferred (post college)
• Strong analytical and problem-solving skills
• Work well both independently and as part of a team
• Proficiency in Excel, and knowledge of 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
• Strong work ethic
• 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. 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 24 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:

AC - Actuarial

Estimated Travel Percentage (%):  No Travel

Relocation Provided:  No

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