Actuarial Associate
About The Position
The Actuarial Associate supports the Pricing function within AIG’s Lexington Excess Casualty segment. The role focuses on profitability analysis and deep dives, large-account pricing reviews, monthly business KPI reporting, and assisting with the annual budget and portfolio strategy. The associate partners with other actuaries to apply best practices and analytical techniques, and to assess loss trends and claims emergence. The position supports pricing models and rate indications using actuarial and statistical techniques; prepares, validates, and reconciles pricing data; and assists with pricing analyses, rate proposals, and related documentation for business partners. It also supports the implementation and validation of rating changes, monitors loss trends and portfolio performance, researches market and competitor trends, and produces recurring reports. Methodologies, assumptions, and analytical outputs must be documented. AIG describes its actuaries as working across functions including Finance, Claims, Operations, Marketing, and Risk Management. The company emphasizes learning and development, inclusion, and in-person collaboration; team members are asked to work primarily in the office.
Requirements
- Bachelor of Science in Actuarial Science, Mathematics, Statistics, or a related area.
- Completion of one or more actuarial exams.
- Foundational knowledge of pricing methodologies, including rate adequacy, segmentation, and 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 the 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 with 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 profitability analysis and deep dives, large-account pricing reviews, monthly KPI reporting, annual budgeting, and portfolio strategy.
- Partner with other actuaries to apply best practices and analytical techniques and assess loss trends and claims emergence.
- Research market trends, competitor behavior, and external factors affecting pricing.
- Produce recurring reports that support portfolio monitoring and pricing decisions.
- Document methodologies, assumptions, and outputs used in pricing analyses.
- Keep the manager and immediate team informed on progress, issues, and results.
Benefits
- Competitive benefits package focused on health, wellbeing, financial security, and professional development.
- Continuous learning and development.
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Entry Level
