Associate Actuary - Retail Excess Casualty

AIG PC Global Services, Inc.; New York; Hybrid; USD 120,000 - 150,000; Full time

Job summary

AIG PC Global Services, Inc. seeks an Associate Actuary for Retail Excess Casualty to support pricing, profitability analysis and KPI reporting within a global actuarial function.

You will partner with underwriting, data teams and other actuaries to ensure accurate rate indications and robust reporting. The role requires a BS in Actuarial Science, Mathematics or Statistics (ACAS preferred) with 5+ years in commercial casualty pricing; strong analytical, programming and communication skills;

Qualifications

• BS in Actuarial Science, Mathematics or Statistics required or related field.
• ACAS preferred or close with 5+ years in commercial casualty pricing.
• Strong analytical and problem-solving abilities; teamwork oriented.
• Proficiency in Excel, SQL, SAS, Python or R; strong communication skills.

Responsibilities

• Support pricing, profitability analysis and reporting for Retail Excess Casualty.
• Develop rate indications, pricing reviews and portfolio strategy with underwriters.
• Collaborate with data teams to drive process improvements and actuarial transformation.
• Produce premium adequacy reports, budget loss ratio estimates and KPI reporting.

Skills

Analytical thinking

Team collaboration

Time management

Communication skills

Problem-solving

Education

BS in Actuarial Science, Mathematics or Statistics

Tools

Excel

SQL

SAS

Python

R

Job description

Associate Actuary - Retail Excess Casualty

At AIG, we are reimagining the way we help customers to manage risk. Join us as an Associate Actuary – Retail Excess Casualty to take on key responsibilities within a world-class actuarial function. 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 Retail Excess Casualty segment. The position involves profitability analysis/ deep dive, rater development and maintenance, large accounts pricing review, monthly business KPI reporting, assisting with annual budget and setting portfolio strategy. Additional duties include quarterly earnings-related reporting, business AvE, diagnostics and large loss reporting. They will partner with other actuaries in implementing best practices, analytical techniques and assessing the impact of loss trends and claims emergence. Also, they will be responsible for one direct report. Collaborate with underwriting to develop pricing, underwriting strategies, identify pockets of profitable growth opportunities and future underwriting actions. Support the business review process and portfolio deep dives, which include reviewing underwriting actions impacting loss ratios to access impact on current and future performance. Ensure accuracy of quoting and rating systems by working with Underwriters. Ensure execution of rate level indications, portfolio profitability exercise and rate reviews within planned time frame Collaborate with data team to drive process improvement and achieve actuarial transformation goals Development and production of premium adequacy reports and budget loss ratio estimates for various segments. Perform peer review for actuarial work products. Communicate with and advise Retail Excess actuarial lead, underwriters, comptrollers, claims department. Work effectively as part of a team and train junior staff to achieve AIG’s financial, strategic and operational objectives

What we are looking for BS in Actuarial Science, Mathematics, Statistics, or related area ACAS preferred or close +5 years or more experience in commercial casualty pricing preferred Strong analytical and problem-solving skills Work well both independently and as part of a team Proficiency in Excel, SQL, SAS, Python, R, or other programming languages preferred Strong business and collaboration skills and responsive to service needs and operational demands Effective time management skills Strong communication, presentation, and interpersonal skills

The base salary range for this position is $120,00-$150,000 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

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. As a global risk leader with deep industry expertise and innovative solutions to smartly manage risk, AIG enables our clients’ growth in ways they never thought possible. We also do the same for our colleagues, because we know our people are our greatest strength – the source of every insight, every idea and every innovation. When we're working as one team to do what's right for our colleagues and our communities, we can achieve excellence together. We encourage colleagues to give back to the causes they care most about, supporting these efforts through our Volunteer Time Off and Matching Grants Programs.

Additional information about AIG can be found at www.aig.com | YouTube | Instagram| LinkedIn.