Director and Actuary - AIGRM

Director and Actuary - AIGRM

At AIG, we are reimagining the way we help customers to manage risk. Join us as a Director and Actuary - AIGRM 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.

 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.

AIG Risk Management (AIGRM) provides Commercial Casualty Insurance coverage (Auto, General Liability & Workers Compensation) to large national companies. We are seeking an actuarial professional to assist with the development, calibration, and implementation of commercial insurance rating tools.  Additionally, the chosen candidate will contribute to pricing and reserving analyses and custom projects. This role is very collaborative in nature and requires working with a wide range of stakeholders including other actuarial teams, underwriting, finance and claims.

About the role

What you need to know

• Become a key member of the rater analytics actuarial team: participating in the creation, development, and implementation of pricing methodologies for loss sensitive P & C business. Position requires the ability to help create, design, validate, and implement actuarial pricing models in a collaborative environment.

• Solid programming skills and demonstrated ability to apply quantitative/statistical packages (e.g., R, SAS). 

• Monitor loss trends and relevant industry/regulatory changes and effectively communicate to management.

• Collaborate in the development of analytical tools and reports to help the business effectively manage their portfolios.

• Utilize predictive modeling techniques to enhance pricing and reserving methodologies. Applicant must have not only strong technical skills but also be motivated to develop an appreciation of the broader business context. 

• Ideal candidate should be able to meld classical actuarial methods with more modern statistical approaches. 

• Project Management: Candidate must have demonstrated ability to manage projects in whole or in part and provide guidance/perspective to other team members

• Position requires exceptional analytical skills and the ability to work independently in a fast-paced center of innovation.  (Seeking candidate who thrives in a dynamic environment.) 

• Ability to explain complex technical results. 

• Over time, applicant is expected to develop an expert knowledge of the lines that AIGRM underwrites: workers’ compensation, commercial auto liability, and general liability. 

What we’re looking for

• BS in Actuarial Science, Mathematics, Statistics, or related area.

• FCAS or ACAS

• Significant experience in pricing long tail commercial lines products preferred

• Proficiency in Excel, SQL, SAS, Python, R, or other programming languages preferred.

• Strong analytical and problem-solving skills

• Works 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.

• Customer focus

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 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 inclusion

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 learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The talent 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 [email protected].