Actuarial Analyst at AIG

Atlanta, Georgia, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Insurance, Property CasualtyIndustries

Requirements

BS in Actuarial Science, Mathematics, Statistics, or related area preferred
Required 2+ actuarial exams
2 or more years of experience in Property & Casualty (P&C)
Proficiency in Excel, SQL, SAS, Python, R, or other programming languages strongly preferred
Strong analytical and problem-solving skills
Work well both 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

Responsibilities

Analyze data to determine loss and expense reserve adequacy using actuarial techniques
Evaluate the appropriate IBNR to be booked each quarter, prepare Sarbanes Oxley documentation
Conduct research, experience studies and other more complex actuarial analysis, develop, review, and analyze changes and improvements to actuarial procedures. Optimize processes to meet business needs
Assist production of the Schedule P and other reports or exhibits for GAAP and Statutory financials
Complete project independently with some supervision
Assist with pricing the Commercial Property business, including profitability studies, portfolio deep dives, working with underwriters on large account pricing, and pricing model development & enhancements
Partner with other pricing actuaries in implementing best practices analytical techniques
Partner with reserving actuaries in assessing the impact of loss trends and claims emergence
Partner with underwriters in assessing the impact of changes in appetite and portfolio mix

Skills

Actuarial Pricing

Profitability Studies

Portfolio Analytics

Pricing Models

Underwriting Collaboration

Reserving

Risk Quantification

Analytical Techniques

AIG

Global insurance provider for individuals and businesses

About AIG

AIG provides a variety of insurance products and services aimed at individuals, families, and businesses. Their offerings include life insurance, retirement planning, and commercial insurance, which help clients manage risk and protect their assets. AIG operates by underwriting insurance policies and managing risk, while also investing the premiums collected to generate income. This company stands out from competitors by not only focusing on traditional insurance but also emphasizing cybersecurity and data protection to keep clients' information safe. AIG's goal is to help clients achieve financial security and peace of mind through comprehensive insurance solutions.

New York City, New YorkHeadquarters

1919Year Founded

IPOCompany Stage

Cybersecurity, Financial ServicesIndustries

10,001+Employees

Benefits

Health, dental, & vision coverage

Flexible Spending Accounts (FSA)

401(k)

PTO

Commuter Expense Reimbursement Account

Risks

Sale of personal travel business may reduce AIG's market presence in travel insurance.

Expansion in Atlanta could pose financial risks if expected growth does not materialize.

Deconsolidation of Corebridge Financial might lead to loss of synergies and increased costs.

Differentiation

AIG offers a wide range of insurance products globally, serving diverse client needs.

Corebridge Financial, a subsidiary, enhances AIG's offerings in retirement planning and financial futures.

AIG emphasizes cybersecurity and data protection, ensuring clients' information remains secure.

Upsides

AI adoption in underwriting and claims processing enhances efficiency and reduces costs for AIG.

InsurTech partnerships offer AIG opportunities to enhance digital capabilities and drive innovation.

Telematics and usage-based insurance allow AIG to offer personalized and flexible products.

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