Actuary, Reserving - North America Specialty

American International Group (AIG); New York (NY); On-site; USD 120,000 - 165,000; Full time

Job summary

AIG is seeking a North America Specialty Reserving Lead to manage analytics and reserving for the North America portfolio. You will guide a team of analysts, coordinate reserving workflows, and ensure timely, accurate results and reporting for senior leadership.

The role requires strong actuarial expertise in commercial lines, collaboration across stakeholders, and proven process-improvement capabilities. Base salary ranges from $120,000 to $165,000 with bonus eligibility and comprehensive

Qualifications

• BS in Actuarial Science, Mathematics, Statistics, or related field.
• FIA or FCAS preferred
• 5+ years’ experience in commercial lines
• Experience of reviewing and managing reserving processes.
• Experience of setting reserves.
• Demonstrated ability to improve processes
• Ability to work collaboratively across disparate stakeholders, respond and prioritise work effectively.
• Excellent analytical and problem-solving skills.
• Excellent project management skills.
• Effective time management and organizational skills
• Excellent communication, presentation, and interpersonal skills

Responsibilities

• Lead the day-to-day workflow of analysts on the team with responsibility of coordinating and reviewing the reserving process and results for North America Specialty.
• Interact with and advise senior management.
• Lead multiple projects to strict deadlines and enhance existing processes.
• Lead the day-to-day work of the team and ensure timely and accurate delivery of the North America Specialty reserve results and local reporting requirements.
• Ensure consistency in reserving approach across products within North America Specialty and with global standards.
• Collaborate with North America and International reserving management to develop consistent and efficient processes globally.
• Review and report upon reserves across North Specialty to Head of Global Specialty, North America Management and wider business.
• Consolidate North America Specialty reserving results into key MI and present to senior business leaders.
• Support the Global Specialty Reserving lead in managing the schedule of reserve reviews for all North America Specialty products.
• Develop efficient or improve existing processes for the management and presentation of reserving information across Global Specialty.
• Reports jointly to Head of North America Actuarial and Global Specialty Reserving Lead.
• Act as an independent lead within the GS team ensuring best practice across reserving and, longer term, other actuarial functions.

Job description

Actuary, Reserving - North America Specialty

At AIG, we are reimagining the way we help customers to manage risk. Join us as a Actuary, Reserving - North America Specialty, North America to take on key responsibilities within a world-class actuarial function.

Make your mark on the Actuarial Team

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

• The North America Specialty Reserving Lead will be responsible for managing the day-to-day workflow of analysts on the team with the responsibility of coordinating and reviewing the reserving process and results for North America Specialty.
• This key role will be highly visible, as you will have the opportunity to interact with and advise senior management.
• We are looking for an individual who has the ability to work independently, is pragmatic in their approach, can manage multiple projects to strict deadlines, and is driven to enhance existing processes.
• Lead the day-to-day work of the team and work together to ensure timely and accurate delivery of the North America Specialty reserve results and local reporting requirements.
• Ensure consistency in reserving approach across products within North America Specialty and with global standards.
• Collaborate with North America and International reserving management to develop consistent and efficient processes globally.
• Review and report upon reserves across North Specialty to Head of Global Specialty, North America Management and wider business.
• Consolidate North America Specialty reserving results into key MI and present to senior business leaders.
• Support the Global Specialty Reserving lead in managing the schedule of reserve reviews for all North America Specialty products.
• Ensure appropriate controls are in place for the reserving process, support and be the point person for Actuarial for the annual audit reviews, independent reserve reviews, internal audit and SOX reviews for North America Specialty products.
• Develop efficient or improve existing processes for the management and presentation of reserving information across Global Specialty.
• Reports jointly to Head of North America Actuarial and Global Specialty Reserving Lead.
• Act as an independent lead within the GS team ensuring best practice across reserving and, longer term, other actuarial functions.

Technical Skills and Expertise

• BS in Actuarial Science, Mathematics, Statistics, or related field
• FIA or FCAS preferred
• 5+ years’ experience in commercial lines
• Experience of reviewing and managing reserving processes.
• Experience of setting reserves.
• Demonstrated ability to improve processes
• Ability to work collaboratively across disparate stakeholders, respond and prioritise work effectively.
• Excellent analytical and problem-solving skills.
• Excellent project management skills.
• Effective time management and organizational skills
• Excellent communication, presentation, and interpersonal skills

Customer focus

The base salary range for this position is $120,000-$165,000 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.

Ready to set new industry standards? We would love to hear from you.

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

AIG PC Global Services, Inc.

Location

• MA-Boston
• GA-Atlanta
• NJ-Parsippany
• TX-Houston
• CT-Farmington
• NC-Charlotte
• IL-Chicago
• NY-New York
• CT-Wilton
• PA-Philadelphia
• NJ-Jersey City

Type

Full time