Actuarial Analyst

AIG; Jersey City (NJ); On-site; USD 120,000 - 147,000; Full time

Benefits offered by this job

Total Rewards Program

In-office culture

Job summary

AIG is seeking a pricing actuary to work with underwriting on pricing and strategy for personal lines. You will run profitability studies, present findings to stakeholders, and support rate filings while developing pricing tools and analytics with SQL, Python, VBA, and R.

Expect to engage with underwriters and actuaries and to produce regular reports. The role emphasizes in-office collaboration and a comprehensive Total Rewards Program.

Qualifications

• Bachelor’s degree in Mathematics, Actuarial Science, Computational Finance, or a related field is required.
• Two (2) years of experience with personal lines of insurance.
• Passage of at least two (2) Casualty Actuarial Society (CAS) exams is required.

Responsibilities

• Develop pricing and underwriting strategies with underwriting collaboratively.
• Conduct profitability studies and present analyses to business partners.
• Engage with MGA underwriters and actuaries; assist in rate filings and KPI monitoring.
• Create and maintain pricing tools and models; produce recurring reports.

Education

Bachelor’s degree in Mathematics, Actuarial Science, Computational Finance, or a related field

Tools

SQL

Python

VBA

R

Tableau

PowerBI

Job description

Work closely with underwriting to develop pricing and underwriting strategies and assist in the execution and monitoring of said strategies. Complete profitability studies on assigned programs and present analysis in front of business partners at varying levels of the organization. Engage with MGA underwriters and actuaries. Perform various ad hoc pricing tasks including profitability studies, development of new products, rates and other KPI monitoring, and filing support. Work with underwriters and the rate filings unit to manage program specific and state rate filings. Produce and distribute relevant recurring reports as required. Apply working knowledge of programming skills in SQL, Python, VBA and R. Utilize data visualization tools including Tableau or PowerBI. Support the development and maintenance of pricing tools such as pricing models, raters, and other analytical tools. Work with personal lines of insurance.

Requirements: Bachelor’s degree in Mathematics, Actuarial Science, Computational Finance, or a related field of study, plus two (2) years of experience with personal lines of insurance. Passage of at least two (2) Casualty Actuarial Society (CAS) exams is required.

Salary Range: $133,474.00 - $133,474.00 per year

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 [e-mail].

Functional Area

AC - Actuarial

National Union Fire Insurance Company of Pittsburgh, Pa.