Associate Actuary, Property Reserving and Reserving Analytics

AIG • Parsippany, NJ

11d • $110,000 - $137,000 • Onsite

About The Position

At AIG, we are reimagining the way we help customers to manage risk. Join us as a Associate Actuary, Property Reserving and Reserving Analytics to take on key responsibilities within a world-class actuarial function. Make your mark on the Actuarial Team 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 actuarial professional to provide actuarial support for AIG’s industry leading Commercial Property business. This unique role will provide a range of experience in reserving and will provide the opportunity to engage with various profit centers within the company. We are looking for an individual who is internally motivated, intellectually curious, able to manage multiple priorities, and driven to enhance existing processes.

Requirements

• BS in Actuarial Science, Mathematics, Statistics, or related area
• ACAS or FCAS
• 4 or more years of experience in reserving and/or pricing
• Strong analytical and problem-solving skills
• Work well both independently and as part of a team
• Proficiency in Excel, SQL and Power BI.
• Strong business and collaboration skills and responsive to service needs and operational demands
• Effective time management skill
• Strong communication, presentation, and interpersonal skills
• Strong work ethic

Nice To Haves

• Python, R, or other programming languages preferred

Responsibilities

• Support annual reserving review for commercial property segments.
• Assist with quarterly financial and regulatory reporting (quarter close) and provide data for annual statement reporting.
• Analyze and monitor loss trends and relevant industry/regulatory changes and effectively communicate to management.
• Engage with Pricing actuaries on profit center budget.
• Collaborate with data team to drive process improvement and achieve actuarial transformation goals
• Perform peer review for actuarial work products.
• Work effectively as part of a team and train junior staff to achieve AIG’s financial, strategic and operational objectives

Benefits

• The base salary range for this position is $110,000-$137,000 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.
• 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.
• Volunteer Time Off and Matching Grants Programs

What This Job Offers

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