WHO WE ARE

American International Group, Inc. (AIG) is a leading global insurance organization. Building on 100 years of experience, today AIG member companies provide a wide range of property casualty insurance, retirement solutions, and other financial services to customers in more than 80 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security.

GET TO KNOW THE BUSINESS

General Insurance is a leading provider of insurance products and services for commercial and personal insurance customers. It includes one of the world’s most far-reaching property casualty networks. General Insurance offers a broad range of products to customers through a diversified, multichannel distribution network.
As an actuary at AIG, you will be challenged and encouraged to reach your greatest potential. Every day will bring new opportunities to stretch your analytical and problem- solving skills as you improve how we predict and mitigate risk. Our Financial Actuaries are on the frontlines, quantifying risk, pricing insurance and reserving losses for AIG’s major regulated and rated insurance operating companies globally. Portfolio Analytics and Pricing Actuaries support AIG’s businesses and are responsible for technical pricing, product development analytics and performance measurement. They collaborate with Marketing, Operations and Financial Management.

QUALIFICATIONS:

• BS in Actuarial Science, Mathematics, Statistics, or related area.
• 5+ years of experience, with reserving experience strongly preferred.
• ACAS Credential or near ACAS.
• Strong analytical and critical thinking skills.
• Innate drive to continuously learn and innovate.
• Work well both independently and as part of a team.
• Proficiency in Microsoft Office.
• Working experience with VBA, SQL, Snowflake, or other programming languages highly recommended.
• Willingness to pick up new programming languages and tools as needed.
• Effective time management skill.
• Excellent communication, presentation, and interpersonal skills.
• Strong business and collaboration skills.
• Flexibility and effective time management skills.
  For positions based in Illinois, the base salary range is $100,000-$125,000 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
  At AIG, we value in-person collaboration as a vital part of our culture, which is why we ask our team members to be primarily in the office. This approach helps us work together effectively and create a supportive, connected environment for our team and clients alike.

ABOUT THE ROLE

This role is an exciting opportunity for an actuarial professional to cultivate a deep and industry-leading understanding of the insurance risks facing our business. You will have the opportunity to: help advance the modernization of the reserving process, collaborate across departmental functions, interact with senior actuaries, and influence critical decisions on infrastructure. We are looking for an individual who is internally motivated, is intellectually curious, can manage multiple projects, and is driven to enhance existing processes.
We are seeking an actuarial professional with industry expertise to support the centralized reserving team. The position involves DVRs, quarter close and yearend deliverables, and assist the Defense Base Act (DBA) business. They will partner with other actuaries in implementing best practices, analytical techniques and assessing the impact of loss trends and claims emergence.

KEY RESPONSIBILITIES:

• Perform and communicate the DBA and Multinational (Div44) DVR results.
• Work closely with the claims business partners to review the DBA claim trends, war hazard transfer and recovery rates, monitor emerging issues and Dept of Labor environments.
• Monitor the monthly rate level indications, rate adequacy, and communicate outliers.
• Provide actuarial support for quarterly closings and year-end financials report for DBA and Multinational (Div 44 & 56).
• Provide support for Global AvE process for DBA and Multinational (Div 44).
• Work effectively as part of a team and train any junior staff to achieve financial, strategic, and operational objectives.
• Perform other ad hoc work related to ongoing business as needed.
• Collaborate with the data team to drive process improvements and achieve actuarial transformation goals.