Actuarial Associate: Pricing & Risk Analytics in Chicago

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

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.