Associate Actuary PCS

AIG Insurance • Chicago, IL

4d • Onsite

About The Position

The Associate Actuary PCS supports the centralized reserving team and PCS business through reserve reviews, quarter-close and year-end deliverables, and actuarial analysis. The role partners with other actuaries to implement reserving best practices and analytical techniques, and evaluates the impact of loss trends and claims emergence. It also collaborates with Pricing, Underwriting, Claims, and Data and Technology teams, contributes to process improvement and actuarial transformation, and may mentor junior staff.

The position is primarily office-based to support in-person collaboration. Compensation depends on skills, experience, and qualifications. The posted base salary range is $109,000–$135,000 for positions based in New York and $105,000–$130,000 for positions based in New Jersey. The role is eligible for a bonus under the applicable incentive plan. AIG describes its Total Rewards Program as including benefits focused on health, wellbeing, financial security, and professional development; details are available through 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.
• 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 independently and as part of a team.
• Proficiency in Microsoft Office applications.
• 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.
• Willingness to learn new programming languages, technologies, and tools as needed.

Nice To Haves

• P&C reserving experience is strongly preferred.
• Experience with VBA, SQL, Snowflake, or other programming languages is strongly preferred.

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 applicable incentive plan.

What This Job Offers

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