Actuarial Analyst Sr
Actuarial Analyst Sr
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$ 100000 - 125000
1 Vacancy
Job Description
Who we are
American International Group Inc. (AIG) is a leading global insurance organization. Building on 100 years of experience today AIG member companies provide a wide range of property casualty insurance retirement solutions and other financial services to customers in more than 80 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets manage risks and provide for retirement security.
Get to know the business
General Insurance is a leading provider of insurance products and services for commercial and personal insurance customers. It includes one of the worlds most far-reaching property casualty networks. General Insurance offers a broad range of products to customers through a diversified multichannel distribution network.
As an actuary at AIG you will be challenged and encouraged to reach your greatest potential. Every day will bring new opportunities to stretch your analytical and problem- solving skills as you improve how we predict and mitigate risk. Our Financial Actuaries are on the frontlines quantifying risk pricing insurance and reserving losses for AIGs major regulated and rated insurance operating companies globally. Portfolio Analytics and Pricing Actuaries support AIGs businesses and are responsible for technical pricing product development analytics and performance measurement. They collaborate with Marketing Operations and Financial Management.
About the role
This role is an exciting opportunity for an actuarial professional to cultivate a deep and industry-leading understanding of the insurance risks facing our business. You will have the opportunity to: help advance the modernization of the reserving process collaborate across departmental functions interact with senior actuaries and influence critical decisions on infrastructure. We are looking for an individual who is internally motivated is intellectually curious can manage multiple projects and is driven to enhance existing processes.
We are seeking an actuarial professional with industry expertise to support the centralized reserving team. The position involves DVRs quarter close and yearend deliverables and assist the Defense Base Act (DBA) business. They will partner with other actuaries in implementing best practices analytical techniques and assessing the impact of loss trends and claims emergence.
Key Responsibilities:
- Perform and communicate the DBA and Multinational (Div44) DVR results.
- Work closely with the claims business partners to review the DBA claim trends war hazard transfer and recovery rates monitor emerging issues and Dept of Labor environments.
- Monitor the monthly rate level indications rate adequacy and communicate outliers.
- Provide actuarial support for quarterly closings and year-end financials report for DBA and Multinational (Div 44 & 56).
- Provide support for Global AvE process for DBA and Multinational (Div 44).
- Work effectively as part of a team and train any junior staff to achieve financial strategic and operational objectives.
- Perform other ad hoc work related to ongoing business as needed.
- Collaborate with the data team to drive process improvements and achieve actuarial transformation goals.
Qualifications:
- BS in Actuarial Science Mathematics Statistics or related area.
- 5 years of experience with reserving experience strongly preferred.
- ACAS Credential or near ACAS.
- Strong analytical and critical thinking skills.
- Innate drive to continuously learn and innovate.
- Work well both independently and as part of a team.
- Proficiency in Microsoft Office.
- Working experience with VBA SQL Snowflake or other programming languages highly recommended.
- Willingness to pick up new programming languages and tools as needed.
- Effective time management skill.
- Excellent communication presentation and interpersonal skills.
- Strong business and collaboration skills.
- Flexibility and effective time management skills.
For positions based in Illinois the base salary range is $100000-$125000 and the position is eligible for a bonus in accordance with the terms of the applicable incentive plan. In addition were proud to offer a range of competitive benefits a summary of which can be viewed here: US Benefits
At AIG we value in-person collaboration as a vital part of our culture which is why we ask our team members to be primarily in the office. This approach helps us work together effectively and create a supportive connected environment for our team and clients alike.
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 far-reaching property casualty networks. It is an exciting time to join us across our operations we are thinking in new and innovative ways to deliver ever-better 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 inclusion
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 learning cultural awareness activities and Employee Resource Groups (ERGs). With global chapters ERGs are a cornerstone for our culture of inclusion. The talent 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:
IC
Employment Type
Full-Time
