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    Senior Actuarial Analyst - Boston, United States - American International Group, Inc.

    American International Group, Inc.
    American International Group, Inc. Boston, United States

    3 weeks ago

    Default job background
    Full time
    Description
    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.

    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 pricing the Commercial Property business. The Associate Actuarial will be responsible for profitability studies, portfolio deep dives, working with underwriters on large account pricing, and pricing model development & enhancements. They will partner with other pricing actuaries in implementing best practices analytical techniques, partner with reserving actuaries in assessing the impact of loss trends and claims emergence, and partner with underwriters in assessing the impact of changes in appetite and portfolio mix.

    What you need to know:
    • Analyze the profitability of the Retail Property Portfolio.
    • Work closely with underwriting to develop pricing and underwriting strategies and identify pockets of profitable growth opportunities.
    • This role will be responsible for reserving and profitability analyses for key segments within AIG's Property book.
    • Perform annual reserve reviews through traditional actuarial methodologies and innovative claim diagnostics.
    • Close collaboration with the claims department and the underwriting team to reflect the underlying trends in the review.
    • Communicate key drivers of reserve changes to the senior actuarial management.
    • Develop granular profitability improvement strategies.
    • Assist in researching and developing best practices pricing techniques to be implemented across the business.
    • Responsible for quarterly and year-end financial reporting requests
    • Location: Atlanta or NYC
    Job Requirements:
    • Degree in Actuarial Science, Mathematics, Statistics, or related area or equivalent
    • 4 or more actuarial exams
    • 3+ years of experience in P&C insurance required with some experience in pricing preferred
    • Strong analytical and problem solving skills
    • Excellent communication, presentation, and interpersonal skills.
    • Work well both independently and as part of a team - Proficiency in Excel, Access, VBA, SAS, or other programming languages preferred.
    • Experience with advanced pricing techniques such as GLMs would be an advantage
    • Strong business acumen and collaboration skills. Responsive to service needs and operational demands
    • Effective time management skill
    #LI-CM1

    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 commercial and personal insurance solutions; we are one of the world's most far-reaching property casualty networks. It is an exciting time to join us - across our operations, we are thinking in new and innovative ways to deliver ever-better solutions to our customers. At AIG, you can go further to support individuals, businesses, and communities, helping them to manage risk, respond to times of uncertainty and discover new potential. We invest in our largest asset, our people, through continuous learning and development, in a culture that celebrates everyone for who they are and what they want to become.

    Welcome to a culture of belonging

    We're committed to creating a culture that truly respects and celebrates each other's talents, backgrounds, cultures, opinions and goals. We foster a culture of inclusion and belonging through our flexible work arrangements, diversity and inclusion learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The diversity of our people is one of AIG's greatest assets, and we are honored that our drive for positive change has been recognized by numerous recent awards and accreditations.

    AIG provides 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.

    AIG is committed to working with and providing reasonable accommodations to job applicants and employees with disabilities. If you believe you need a reasonable accommodation, please send an email to

    Functional Area:

    AC - Actuarial

    Estimated Travel Percentage (%): No Travel

    Relocation Provided: No

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