Actuarial Associate: Pricing & Risk Analytics

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

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.