Senior Actuarial Analyst at AIG

New York, New York, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

InsuranceIndustries

Requirements

BS in Actuarial Science, Mathematics, Statistics, or related area
3+ years of experience in Commercial Casualty lines pricing and/or reserving
4+ actuarial exams preferred
Proficiency in Excel and SQL
Experience in SAS, Python, R, or other programming languages preferred
Strong analytical and problem-solving skills
Ability to work well both independently and as part of a team
Strong business and collaboration skills, responsive to service needs and operational demands
Effective time management skills
Strong communication, presentation, and interpersonal skills
Strong work ethic and customer focus
Internally motivated, intellectually curious, able to manage multiple priorities, and driven to enhance existing processes

Responsibilities

Support quarterly process of determining the appropriate amount of IBNR to be booked
Assist with quarterly financial and regulatory reporting (quarter close) and provide data for annual statement reporting
Analyze information to determine and document the adequacy of loss and loss expense reserves
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 tech and peer reviews for actuarial work products
Work effectively as part of a team to achieve AIG’s financial, strategic and operational objectives

Skills

Key technologies and capabilities for this role

ExcelSQLSASPythonRReservingPricingIBNRLoss Trends AnalysisFinancial Reporting

Questions & Answers

Common questions about this position

What is the salary range for the Senior Actuarial Analyst position in New York?

For positions based in New York, the base salary range is $85,000-$138,000. The position is also eligible for a bonus in accordance with the terms of the applicable incentive plan.

Is this role remote or office-based?

AIG values in-person collaboration as a vital part of its culture, so team members are asked to be primarily in the office to work together effectively.

What skills and experience are required for this role?

Candidates need a BS in Actuarial Science, Mathematics, Statistics, or related area, 3+ years of experience in Commercial Casualty lines pricing and/or reserving, proficiency in Excel and SQL, 4+ actuarial exams preferred, and strong analytical, communication, and teamwork skills.

What is the company culture like at AIG for this role?

AIG emphasizes in-person collaboration to create a supportive, connected environment, values team members working effectively together to achieve financial, strategic, and operational objectives, and sees people as its greatest asset.

What makes a strong candidate for the Senior Actuarial Analyst role?

A strong candidate is internally motivated, intellectually curious, able to manage multiple priorities, driven to enhance processes, with 3+ years in Commercial Casualty reserving/pricing, actuarial exams passed, and proficiency in Excel/SQL.

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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