Director and Actuary - AIGRM at AIG

Atlanta, Georgia, United States

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Insurance, Financial ServicesIndustries

Requirements

BS in Actuarial Science, Mathematics, Statistics, or related area
FCAS or ACAS
Significant experience in pricing long tail commercial lines products preferred
Proficiency in Excel, SQL, SAS, Python, R, or other programming languages preferred
Solid programming skills and demonstrated ability to apply quantitative/statistical packages (e.g., R, SAS)
Strong analytical and problem-solving skills
Works 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
Exceptional analytical skills and the ability to work independently in a fast-paced center of innovation
Ability to explain complex technical results
Demonstrated ability to manage projects in whole or in part and provide guidance/perspective to other team members
Motivated to develop an appreciation of the broader business context
Ability to meld classical actuarial methods with more modern statistical approaches
Over time, expected to develop expert knowledge of the lines that AIGRM underwrites: workers’ compensation, commercial auto liability, and general liability

Responsibilities

Become a key member of the rater analytics actuarial team: participating in the creation, development, and implementation of pricing methodologies for loss sensitive P&C business
Help create, design, validate, and implement actuarial pricing models in a collaborative environment
Assist with the development, calibration, and implementation of commercial insurance rating tools
Contribute to pricing and reserving analyses and custom projects
Monitor loss trends and relevant industry/regulatory changes and effectively communicate to management
Collaborate in the development of analytical tools and reports to help the business effectively manage their portfolios
Utilize predictive modeling techniques to enhance pricing and reserving methodologies
Work collaboratively with a wide range of stakeholders including other actuarial teams, underwriting, finance, and claims

Skills

Actuarial Modeling

Risk Quantification

Insurance Pricing

Reserving

Rating Tools

Portfolio Analytics

Product Development

Commercial Casualty

Auto Insurance

General Liability

Workers Compensation

Underwriting Collaboration

Stakeholder Management

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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