Associate Actuary - PCS - American International Group

Associate Actuary - PCS

At AIG, we are reimagining the way we help customers to manage risk. Join us as the Associate Actuary - PCG 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 a reserving actuary to support our US Personal Lines Programs business.  This role is critical to business profit evaluation and optimal reserving.  The Associate Actuary will also support price monitoring, trend analyses, and building out portfolio management & steering and insight tools.  The individual will be a trusted business partner, working with groups like Claims, Underwriting, and Finance to support Personal Lines Programs in ensuring profitable growth.  Our actuaries work closely with our MGA partners as well, providing insight and tool assistance as a value add for our business.

• Assist with analysis of the reserving segments
• Analyze data and other information to determine of loss and expense reserve adequacy using actuarial techniques
• Prepare reserve study documentation; prepare information for financial statements
• Evaluate the appropriate IBNR to be booked each quarter, and prepare Sarbanes Oxley documentation
• Estimate, review, and evaluate actual monthly claim emergence against expectations
• Assist MGA partners in better understanding their own data capabilities.  Build data “bridges”, performance monitoring, and rate tool support
• Monitor loss trends and relevant industry/regulatory changes, and effectively communicate to management
• Support the annual planning process
• Ensure model validation, SOX compliance and documentation standards are met

What you’ll need to succeed

• BS in Actuarial Science, Mathematics, Statistics, or related area preferred
• ACAS, or nearing ACAS
• 5+ years’ experience, personal lines required, with history of Programs or delegated underwriting preferred
• Proficiency in Microsoft Office required
• Experience in SQL and/or R highly preferred, Power BI or Tableau preferred
• Strong relationship building skills, with the ability to influence others and drive a process to a conclusion while meeting critical deadlines are critical to success
• Ability to dive into technical and execution level details, do hands-on work, connect the dots while thinking strategically
• Work well both independently and as part of a team
• Flexibility and effective time management skills
• Excellent communication, presentation, and interpersonal skills

Ready to set new industry standards? We would love to hear from you.

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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 candidatecare@aig.com.  

AIG reserves the right to conduct a criminal background check, tailored to the requirements of a job, after a conditional employment offer is made. Unless otherwise required by law, AIG does not automatically exclude any applicant with a criminal conviction for a job or class or jobs. For more information about Philadelphia law specifically, copy and paste the following link within your browser: http://www.phila.gov/HumanRelations/PDF/BTB%20POSTER%20FINAL_3-9-16.pdf

Estimated Travel Percentage (%): Up to 25%

Relocation Provided: No

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