Actuarial Analyst

AIG; Chicago (IL); On-site; USD 139,838 - 170,913; Full time

Benefits offered by this job

Comprehensive benefits package

Total Rewards Program

Job summary

AIG is seeking an Actuarial professional in Chicago, Illinois to price Commercial Casualty lines, collaborate with underwriters, and analyze profitability within Captive Solutions. The successful candidate will hold a Bachelor's degree and have at least two years of relevant experience, alongside having passed three Casualty Actuarial Society exams.

This role offers a salary of $155,376 per year and is part of AIG's comprehensive benefits package, aimed at ensuring the health, wellbeing, and financial security of its employees.

Qualifications

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, Data Science, or related field of study.
• Two years of experience with Excel and insurance lines of business pricing and reserving.
• Passage of at least three Casualty Actuarial Society (CAS) exams.

Responsibilities

• Price Commercial Casualty insurance lines including Auto Liability and General Liability.
• Collaborate with underwriters on pricing large accounts.
• Analyze profitability of segments within Captive Solutions.

Skills

Excel

Insurance lines of business pricing

Reserving

Education

Bachelor's degree in Actuarial Science, Mathematics, Statistics, or related field

Job description

Responsibilities

Price Commercial Casualty lines, including Auto Liability, General Liability, and Workers’ Compensation. Collaborate with underwriters on pricing large accounts and performing collateral analyses. Document work and provide clear written analyses to the underwriters, including observations and findings on completed work projects. Assist in the development of pricing and underwriting strategies. Assist in analyzing the profitability of business segments within Captive Solutions. Support the development and design of analytical tools and techniques to help the business effectively manage existing portfolios. Monitor rate, exposure, retention, and new and lost business changes. Monitor loss trends, actual versus expected, and relevant industry/regulatory changes, and effectively communicate to the management. Work with reserving actuaries to ensure smooth quarterly and annual close processes. Work with Excel and insurance lines of business pricing and reserving.

Salary

Salary Range: $155,376.00 - $155,376.00 per year

Qualifications

Requirements: Bachelor's degree in Actuarial Science, Mathematics, Statistics, Data Science, or a related field of study, plus two (2) years of experience with Excel and insurance lines of business pricing and reserving. Passage of at least three (3) Casualty Actuarial Society (CAS) exams is required.

Benefits

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.

Equal Opportunity

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 [e-mail].

Functional Area

AC - ActuarialAIG PC Global Services, Inc.