Actuarial Analyst

AIG • Chicago, IL

5d • Onsite

About The Position

Price Commercial Casualty lines, including Auto Liability, General Liability, and Workers’ Compensation. Collaborate with underwriters on pricing large accounts and performing collateral analyses. Document work and provide clear written analyses to the underwriters, including observations and findings on completed work projects. Assist in the development of pricing and underwriting strategies. Assist in analyzing the profitability of business segments within Captive Solutions. Support the development and design of analytical tools and techniques to help the business effectively manage existing portfolios. Monitor rate, exposure, retention, and new and lost business changes. Monitor loss trends, actual versus expected, and relevant industry/regulatory changes, and effectively communicate to the management. Work with reserving actuaries to ensure smooth quarterly and annual close processes. Work with Excel and insurance lines of business pricing and reserving.

Requirements

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, Data Science, or a related field of study
• Two (2) years of experience with Excel and insurance lines of business pricing and reserving.
• Passage of at least three (3) Casualty Actuarial Society (CAS) exams is required.

Responsibilities

• Price Commercial Casualty lines, including Auto Liability, General Liability, and Workers’ Compensation.
• Collaborate with underwriters on pricing large accounts and performing collateral analyses.
• Document work and provide clear written analyses to the underwriters, including observations and findings on completed work projects.
• Assist in the development of pricing and underwriting strategies.
• Assist in analyzing the profitability of business segments within Captive Solutions.
• Support the development and design of analytical tools and techniques to help the business effectively manage existing portfolios.
• Monitor rate, exposure, retention, and new and lost business changes.
• Monitor loss trends, actual versus expected, and relevant industry/regulatory changes, and effectively communicate to the management.
• Work with reserving actuaries to ensure smooth quarterly and annual close processes.
• Work with Excel and insurance lines of business pricing and reserving.

Benefits

• 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

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level