Associate Actuary PCS

AIG; Jersey City (NJ); On-site; USD 105,000 - 130,000; Full time

Job summary

AIG is seeking an actuarial professional to support the centralized reserving team. The role focuses on reserve reviews, quarter close and year-end deliverables, and collaboration with the PCS business.

You will work with fellow actuaries to apply best practices, analyze loss trends, and contribute to actuarial transformation initiatives. Responsibilities include reviewing reserves, analyzing trends with Pricing Actuaries and Underwriting, and ensuring timely financial reporting.

Qualifications

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related field.
• 3+ years of P&C actuarial experience, with reserving experience strongly preferred.
• ACAS credential or near-ACAS completion.
• Strong analytical, problem-solving, and critical thinking skills.
• Demonstrated drive to continuously learn, innovate, and improve processes.

Responsibilities

• Perform and communicate the Private Client Select reserve review.
• Complete trend studies and collaborate with Pricing Actuaries and Underwriting to evaluate emerging loss experience.
• Analyze loss trends and claims emergence to assess reserve adequacy and identify key drivers of change.
• Collaborate with Claims and Underwriting to review large losses on a monthly basis.
• Provide actuarial support for quarterly closing activities and year-end financial reporting.
• Support the Global AvE process.
• Partner with other actuaries to implement reserving best practices and analytical methodologies.
• Work effectively as part of a team and mentor any junior staff to support financial, strategic, and operational objectives.
• Collaborate with Data and Technology teams to drive process improvements and support actuarial transformation initiatives.
• Perform ad hoc analyses and other duties as required.

Skills

P&C actuarial experience

ACAS credential

Analytical skills

Communication skills

Education

Bachelor's degree in Actuarial Science/Math/Statistics

Tools

VBA

SQL

Snowflake

Job description

We are seeking an actuarial professional with industry expertise to support the centralized reserving team. The position involves reserve reviews, quarter close and year-end deliverables, and support the PCS business. They will partner with other actuaries in implementing best practices, analytical techniques, and assessing the impact of loss trends and claims emergence.

Key Responsibilities:

• Perform and communicate the Private Client Select reserve review.
• Complete trend studies and collaborate with Pricing Actuaries and Underwriting to evaluate emerging loss experience.
• Analyze loss trends and claims emergence to assess reserve adequacy and identify key drivers of change.
• Collaborate with Claims and Underwriting to review large losses on a monthly basis.
• Provide actuarial support for quarterly closing activities and year-end financial reporting.
• Support the Global AvE process.
• Partner with other actuaries to implement reserving best practices and analytical methodologies.
• Work effectively as part of a team and mentor any junior staff to support financial, strategic, and operational objectives.
• Collaborate with Data and Technology teams to drive process improvements and support actuarial transformation initiatives.
• Perform ad hoc analyses and other duties as required.

Qualifications:

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related field.
• 3+ years of P&C actuarial experience, with reserving experience strongly preferred.
• ACAS credential or near-ACAS completion.
• Strong analytical, problem-solving, and critical thinking skills.
• Demonstrated drive to continuously learn, innovate, and improve processes.
• Ability to work effectively both independently and as part of a team.
• Proficiency in Microsoft Office applications.
• Experience with VBA, SQL, Snowflake, or other programming languages strongly preferred.
• Willingness to learn new programming languages, technologies, and tools as needed.
• Effective organizational and time management skills.
• Strong written and verbal communication, presentation, and interpersonal skills.
• Strong business acumen and collaboration skills.
• Ability to manage multiple priorities and adapt to changing business needs.

For positions based in New York , the base salary range is $109,000-$135,000. For positions based in New Jersey, the base salary range is $105,000-130,000. The position is eligible for a bonus in accordance with the terms of the applicable incentive plan. Your actual compensation will be dependent on your skills, experience, and qualifications. In addition, we’re proud to offer a range of competitive benefits, a summary of which can be viewed here: US Benefits

At 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].

Functional Area:

AC - Actuarial National Union Fire Insurance Company of Pittsburgh, Pa.