Actuarial Associate

American International Group, Inc.; Chicago (IL); On-site; USD 77,000 - 97,000; Full time

Job summary

American International Group, Inc. is seeking an Actuarial Associate to support pricing, data analysis and model development for the Lexington Excess Casualty segment.

The role focuses on profitability analysis, rate indications, and portfolio monitoring within an in-office Chicago environment. You will partner with actuaries and cross-functional teams to implement best practices, validate pricing data, and communicate results to management.

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).
• 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 results.

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 science

Mathematics

Statistics

Pricing methodologies

Pricing data

Governance

Communication

Education

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

Job description

Actuarial Associate### Actuarial AssociateApply: IL-Chicago: Full time: Posted Yesterday: 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.