Associate Actuary - Retail Excess Casualty

Associate Actuary
- Retail Excess Casualty At AIG, we are reimagining the way we help customers to manage risk. Join us as an Associate Actuary – Retail Excess Casualty to take on key responsibilities within a world-class actuarial function.

Make your mark in Actuarial Our Actuaries are on the front lines, quantifying risk, pricing insurance and reserving losses for AIG’s major insurance operating companies, globally. We collaborate with Finance, Claims, Operations, Marketing and Risk Management, among other functions. As an AIG actuary, you will be challenged and encouraged to reach your greatest potential to help improve how we predict, manage and mitigate risk.

How you will create an impact

We are seeking an actuary with industry expertise to support the Pricing function within our Retail Excess Casualty segment. The position involves profitability analysis/ deep dive, rater development and maintenance, large accounts pricing review, monthly business KPI reporting, assisting with annual budget and setting portfolio strategy. Additional duties include quarterly earnings-related reporting, business AvE, diagnostics and large loss reporting. They will partner with other actuaries in implementing best practices, analytical techniques and assessing the impact of loss trends and claims emergence.

Also, they will be responsible for one direct report.

Collaborate 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.

Communicate with and advise Retail Excess actuarial lead, underwriters, comptrollers, claims department.

Work effectively as part of a team and train junior staff to achieve AIG’s financial, strategic and operational objectives

What we are looking forBS in Actuarial Science, Mathematics, Statistics, or related areaACAS preferred or close+5 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 skills

Strong communication, presentation, and interpersonal skills

The base salary range for this position is $120,00-$150,000 and the position is eligible for a bonus in accordance with the terms of the applicable incentive plan. In addition, we’re proud to offer a range of competitive benefits, a summary of which can be viewed here: US Benefits Overview Ready to set new industry standards? We would love to hear from you.#LI-CM1

#Actuary #Actuarial #Pricing At AIG, we value in-person collaboration as a vital part of our culture, which is why we ask our team members to be primarily in the office. This approach helps us work together effectively and create a supportive, connected environment for our team and clients alike.

Enjoy benefits that take care of what matters

At AIG, our people are our greatest asset. We know how important it is to protect and invest in what’s most important to you. That is why we created our Total Rewards Program, a comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health, wellbeing and financial security—as well as your professional development—to bring peace of mind to you and your family.

Reimagining insurance to make a bigger difference to the world

American International Group, Inc. (AIG) is a global leader in…