Actuarial Associate

Aig Inc; Chicago (IL); On-site; USD 77,000 - 97,000; Full time

Job summary

AIG is seeking an Actuarial Associate in Chicago to support profitability analysis, pricing of large accounts, and monthly KPI reporting within the Lexington Excess Casualty segment.

You will work with fellow actuaries to develop pricing models, validate data, and communicate findings that influence portfolio strategy and pricing decisions, with opportunities for growth through actuarial exams and professional development.

Qualifications

• BS in Actuarial Science, Mathematics, Statistics, or related area.
• Completion of one or more actuarial exams.
• Foundational knowledge of pricing methodologies (rate adequacy, segmentation, trend).

Responsibilities

• Support development of pricing models and rate indications using actuarial and statistical techniques.
• Prepare, validate, and reconcile data used in pricing analyses.
• Assist in pricing analyses, rate proposals, and supporting documentation for business partners.
• Support implementation of rating changes in systems, including testing and validation.
• Monitor loss trends and portfolio performance metrics and flag notable changes.
• Assist with research of market trends, competitor behavior, and external factors affecting pricing.
• Produce recurring reports supporting portfolio monitoring and pricing decisions.
• Document methodologies, assumptions, and outputs used in pricing analyses.

Skills

Actuarial exams

Pricing knowledge

Data analysis

Education

BS in Actuarial Science / Mathematics / Statistics

Tools

Pricing tools

Job description

Actuarial AssociateAccéder directement au contenu principal#Actuarial Associate page is loaded## Actuarial AssociatePostulerlocations: IL-Chicagotime type: Full timeposted on: Offre publiée hierjob requisition id: JR2604152**Actuarial Associate** At AIG, we are reimagining the way we help customers to manage risk. Join us as an **Actuarial Associate** to play your part in that transformation. It’s an opportunity to grow your skills and experience as a valued member of the team.**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 an actuary with industry expertise to support the Pricing function within our Lexington Excess Casualty segment. The position involves profitability analysis/ deep dive, large accounts pricing review, monthly business KPI reporting, assisting with annual budget and setting portfolio strategy. They will partner with other actuaries in implementing best practices, analytical techniques and assessing the impact of loss trends and claims emergence.* Support development of pricing models and rate indications using actuarial and statistical techniques* Prepare, validate, and reconcile data used in pricing analyses* Assist in pricing analyses, rate proposals, and supporting documentation for business partners* Support implementation of rating changes in systems, including testing and validation* Monitor loss trends and portfolio performance metrics and flag notable changes* Assist with research of market trends, competitor behavior, and external factors affecting pricing* Produce recurring reports supporting portfolio monitoring and pricing decisions* Document methodologies, assumptions, and outputs used in pricing analyses**What you’ll need to succeed*** BS in Actuarial Science, Mathematics, Statistics, or related area* Completion of one or more actuarial exams* Foundational knowledge of pricing methodologies (rate adequacy, segmentation, trend)* Ability to support pricing analyses using structured data under guidance* Familiarity with pricing data, validation, and tools* Basic understanding of governance and the business impact of pricing decisions* Ability to keep manager and immediate team informed on progress, issues, and resultsThe base salary range for this position is $77,000-$97,000 and the position is eligible for a bonus in accordance with the terms of the applicable incentive plan. In addition, we’re proud to offer a range of competitive benefits, a summary of which can be viewed here: US Benefits Overview#LI-AIG #ActuarialAt 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] Area:AC - ActuarialAIG PC Global Services, Inc.