Associate Actuary PCS

AIG • Jersey City, NJ

6d • $105,000 - $135,000 • Onsite

About The Position

The Associate Actuary PCS supports the centralized reserving team and the Private Client Select (PCS) business. The role includes reserve reviews, quarter-close and year-end deliverables, and analysis of loss trends and claims emergence to assess reserve adequacy and identify drivers of change. The actuary works with other actuaries to apply reserving best practices and analytical techniques, and collaborates with Pricing Actuaries, Underwriting, Claims, and Data and Technology teams. The position also contributes to process improvements and actuarial transformation initiatives, supports financial, strategic, and operational objectives, and performs ad hoc analyses as needed.

AIG describes its culture as emphasizing in-person collaboration, inclusion, continuous learning, and professional development. The position is primarily office-based. The role is eligible for a bonus under the applicable incentive plan. Base salary ranges are $109,000–$135,000 for positions based in New York and $105,000–$130,000 for positions based in New Jersey; actual compensation depends on skills, experience, and qualifications. AIG also offers a Total Rewards benefits package focused on health, wellbeing, financial security, and professional development, with further details referenced in its US Benefits summary.

Requirements

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related field.
• At least 3 years of P&C actuarial experience; reserving experience is strongly preferred.
• ACAS credential or near-ACAS completion.
• Strong analytical, problem-solving, and critical-thinking skills.
• Drive to continuously learn, innovate, and improve processes.
• Ability to work effectively independently and as part of a team.
• Proficiency in Microsoft Office applications.
• 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.

Nice To Haves

• Reserving experience.
• Experience with VBA, SQL, Snowflake, or other programming languages.

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 monthly.
• 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 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.

Benefits

• Competitive benefits through AIG's Total Rewards Program, focused on health, wellbeing, financial security, and professional development.
• Bonus eligibility in accordance with the terms of the applicable incentive plan.

What This Job Offers

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