Senior Actuarial Analyst Lexington Casualty
Senior Actuarial Analyst Lexington Casualty
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Job Description
Senior Actuarial Analyst Lexington Casualty
At AIG we are reimagining the way we help customers to manage risk. Join us as a Senior Actuarial Analyst Lexington to take on key responsibilities within a worldclass actuarial function.
Make your mark in Actuarial
Our Actuaries are on the front lines quantifying risk pricing insurance and reserving losses for AIGs major insurance operating companies globally. We collaborate with Finance Claims Operations Marketing and Risk Management among other functions. As an AIG actuary you will be challenged and encouraged to reach your greatest potential to help improve how we predict manage and mitigate risk.
How you will create an impact
We are seeking an actuarial professional with industry expertise to assist with pricing reserving the Lexington Casualty and Professional Lines business. The Senior Actuarial Analyst will be responsible for reviewing current AY loss ratios booking the quarter close preparing reinsurance submissions annual deep dive reserve reviews quarterly reserve monitoring and actual to expected loss monitoring. They will partner with other pricing actuaries in implementing best practices analytical techniques partner with pricing actuaries in assessing the impact of loss trends and claims emergence and partner with underwriters in assessing the impact of changes in appetite and portfolio mix.
- Analyze the projected future liability of E&S casualty and professional line industries including Energy Products Liability Construction Architects & Engineers General Casualty Public Entities Healthcare and Transportation for GL and AL.
- Work closely with underwriting to understand the changing portfolio mix and implications for current accident year and prior accident year loss and recommend underwritings strategy to move toward more profitable growth opportunities.
- Monitor rate exposure retention new lost business changes. Monitor loss trends and relevant industry/regulatory changes and effectively communicate to the management.
- Provide business solutions to maximize risk adjusted profit. Develop analytical tools to help business effectively manage existing portfolios.
- Work closely with pricing actuaries to inform them of reserve development understand pricing and underwriting actions that will impact reserve estimates.
- Monitor and examine profitability of the casualty and professional lines by industry segment and geography.
- Research and develop best practices reserving techniques including GLMs to be implemented across the business.
- Develop best practices reserving techniques to be implemented across the business.
What youll need to succeed
- BS in Actuarial Science Mathematics Statistics or related area
- 4 or more actuarial exams
- 3 years experience in commercial casualty lines or professional lines (e.g. GL Excess Auto Med Mal or E&O) reserving preferred
- Proficiency in Excel SQL SAS Python R or other programming languages preferred.
- Strong analytical and problemsolving 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 skill
- Excellent communication presentation and interpersonal skills
- Customer focus
Ready to set new industry standards We would love to hear from you.
#LICM1
Enjoy benefits that take care of what matters
At AIG our people are our greatest asset. We know how important it is to protect and invest in whats most important to you. That is why we created our Total Rewards Program a comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health wellbeing and financial securityas well as your professional developmentto bring peace of mind to you and your family.
Reimagining insurance to make a bigger difference to the world
American International Group Inc. (AIG) is a global leader in commercial and personal insurance solutions; we are one of the worlds most farreaching property casualty networks. It is an exciting time to join us across our operations we are thinking in new and innovative ways to deliver everbetter solutions to our customers. At AIG you can go further to support individuals businesses and communities helping them to manage risk respond to times of uncertainty and discover new potential. We invest in our largest asset our people through continuous learning and development in a culture that celebrates everyone for who they are and what they want to become.
Welcome to a culture of belonging
Were committed to creating a culture that truly respects and celebrates each others talents backgrounds cultures opinions and goals. We foster a culture of inclusion and belonging through our flexible work arrangements diversity and inclusion learning cultural awareness activities and Employee Resource Groups (ERGs). With global chapters ERGs are a cornerstone for our culture of inclusion. The diversity of our people is one of AIGs greatest assets and we are honored that our drive for positive change has been recognized by numerous recent awards and accreditations.
AIG provides equal opportunity to all qualified individuals regardless of race color religion age gender gender expression national origin veteran status disability or any other legally protected categories.
AIG is committed to working with and providing reasonable accommodations to job applicants and employees with disabilities. If you believe you need a reasonable accommodation please send an email to .
Functional Area:
Required Experience:
Senior IC
Employment Type
Full-Time
