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. The Rater Delivery Team develops best-in-class technological solutions whilst supporting strategic initiatives within the actuarial team. Support is provided for AIG’s North America Commercial lines of business - Casualty, Property and Financial Lines.
The team is currently comprised of the head of team, four product line leads, and three supporting actuaries. We work closely with other parts of the Actuarial function, Data Team, IT, and operations.
About the role:
We are seeking an actuarial professional to provide support to Rater Delivery Team. As a Technical Analyst, you will develop, maintain, and enhance pricing tools used across the commercial platform. You will use Excel, VBA macros in Excel and programming in Python to modify the pricing tools per business requests. You will work closely with the Business Actuaries and Modelers to assist with developing and deploying predictive models in pricing. You will work with Underwriters, Business Leads, and Chief Underwriting Officers to implement efficiencies and enhancements to pricing tools and raters, and you will provide pricing tool training and support to the users as needed. You will also work with the platform team and developers to deploy pricing tools on the rating platform. We are looking for an individual who is internally motivated, intellectually curious, can assist multiple priorities, and is driven to enhance existing processes.
This is a programming role in the Actuarial Organization
Key Responsibilities:
- Develop, maintain, and enhance pricing tools used across the commercial platform.
- Implement updates, enhancements and efficiencies to pricing tools and raters that are provided by the Business Actuaries, Modelers, Underwriters, Business Leads, and Chief Underwriting Officers.
- Document pricing tool updates and algorithms and provide pricing tool release notes to be used by underwriters.
- Work with modelers to assist with developing and deploying predictive models in pricing tools.
- Work with the platform team and developers to deploy pricing tools on the rating platform.
- Operationalizing profitable growth strategies in the front-end pricing tools by refining existing pricing tools to align with portfolio insights and improve pricing adequacy and risk selection.
- Assist in on boarding pricing tools and raters to HX pricing platform.
- Update the Rater Catalog to keep it consistent with the enhancements and updates to the raters.
- Assist in researching and developing advanced pricing techniques.
Qualifications:
- BS in Actuarial Science, Mathematics, Statistics, or related area
- 2 or more actuarial exams preferred
- 1+ years or more in commercial or personal lines pricing preferred
- Python programming work experience required (or other programming language)
- Excel, VBA, highly desirable
- Strong analytical and problem-solving skills
- Work well both independently and as part of a team
- Strong business and collaboration skills, and responsive to service needs and operational demands
- Effective time management skill
- Excellent communication, presentation, and interpersonal skills
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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.