Sr Actuarial Analyst at AIG

Parsippany, New Jersey, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

InsuranceIndustries

Requirements

Technically strong with deep actuarial and insurance knowledge
Ability to manage priorities
Ability to think creatively for new product expansion

Responsibilities

Collaborate with North American Accident & Health business teams to design, price, file, and monitor a diverse line of A&H products
Prepare experience reports and other required response materials per regulatory requests
Support strategic innovation initiatives through building and evaluating new products and benefits
Assist with the preparation of actuarial memorandums and rate manuals to support regulatory filings and respond to objections and regulatory requests
Support experience and rate indication studies across accounts, portfolios, and business segments to ensure rate adequacy and regulatory compliance
Lead the budgeting process and other financial projection/reporting projects
Interact with various internal and external stakeholders
Assist with the development, enhancement (inferred from context)

Skills

Actuarial Analysis

Risk Quantification

Insurance Pricing

Loss Reserving

Portfolio Analytics

Pricing Analytics

Product Development

Performance Measurement

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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