Senior Actuarial Analyst - US Programs

AIG Insurance • Boston, MA

5d • Onsite

About The Position

At AIG, we are reimagining the way we help customers to manage risk. Join us as a Senior Actuarial Analyst - US Programs to take on key responsibilities within a world-class actuarial function. 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. We are seeking a dynamic Senior Actuarial Analyst to assist with pricing the US Programs business. The Senior Actuarial Analyst will help elevate the technical capabilities of the underwriting team through dynamic work projects such as new program due diligence & onboarding, rate filings, rate studies, price monitoring, trend analyses, and building out portfolio management tools. The individual will be a trusted business partner, working with groups such as underwriting and product development to understand account decision making and pricing practices to support Programs in ensuring profitable growth. This will also be an external/client facing role as the actuary will engage with MGA Underwriters and Actuaries. Our actuaries work closely with our MGA partners providing insight and tool assistance as a value add for our business.

Requirements

• 3+ CAS exams
• Programming proficiency required (e.g. SQL, Python, VBA, R, etc)
• 2+ years of pricing experience across a broad array of commercial lines, including: property, auto, general liability, and professional liability
• Strong analytical and problem-solving skills and can work independently and as part of a team
• Strong business and collaboration skills, and responsive to service needs and operational demands
• Effective time management skills
• Excellent communication, presentation, and interpersonal skills.
• Customer focus

Nice To Haves

• Familiarity with AI tools a plus

Responsibilities

• Work closely with underwriting to develop pricing and underwriting strategies, and assist in the execution and monitoring of said strategies
• Complete profitability studies on assigned programs and present analysis in front of business partners at varying levels of the organization
• Perform due diligence analyses for prospective business and support onboarding for approved programs
• Engage with MGA underwriters and actuaries
• Various ad hoc pricing tasks including profitability studies, development of new products, rate and other KPI monitoring, and filings support
• Work with the underwriters and rate filings unit to manage program specific and state rate filings
• Produce and distribute relevant recurring reports as required
• Support development and maintenance of pricing tools such as pricing models, raters, and other analytical tools.

Benefits

• The base salary range for this position is $108,00-134,000 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
• Enjoy benefits that take care of what matters
• At AIG, our people are our greatest asset. We know how important it is to protect and invest in what’s most important to you. That is why we created our 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: No Education Listed