Job Description

Actuarial AssociateAt AIG, we are reimagining the way we help customers to manage risk. Join us as an Actuarial Associate to play your part in that transformation. It's an opportunity to grow your skills and experience as a valued member of the team.Make your mark in ActuarialOur Actuaries are on the front lines, quantifying risk, pricing insurance and reserving losses for AIG's 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 impactWe are seeking an actuary with industry expertise to support the Pricing function within our Lexington Excess Casualty segment. The position involves profitability analysis/ deep dive, large accounts pricing review, monthly business KPI reporting, assisting with annual budget and setting portfolio strategy. They will partner with other actuaries in implementing best practices, analytical techniques and assessing the impact of loss trends and claims emergence.Support development of pricing models and rate indications using actuarial and statistical techniquesPrepare, validate, and reconcile data used in pricing analysesAssist in pricing analyses, rate proposals, and supporting documentation for business partnersSupport implementation of rating changes in systems, including testing and validationMonitor loss trends and portfolio performance metrics and flag notable changesAssist with research of market trends, competitor behavior, and external factors affecting pricingProduce recurring reports supporting portfolio monitoring and pricing decisionsDocument methodologies, assumptions, and outputs used in pricing analysesWhat you'll need to succeedBS in Actuarial Science, Mathematics, Statistics, or related areaCompletion of one or more actuarial examsFoundational knowledge of pricing methodologies (rate adequacy, segmentation, trend)Ability to support pricing analyses using structured data under guidanceFamiliarity with pricing data, validation, and toolsBasic understanding of governance and the business impact of pricing decisionsAbility to keep manager and immediate team informed on progress, issues, and resultsThe base salary range for this position is $77,000-$97,000 and the position is eligible for a bonus in accordance with the terms of the applicable incentive plan. In addition, we're proud to offer a range of competitive 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.At AIG, our people are our greatest asset. We know how important it is to protect and invest in what's 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 security—as well as your professional development—to bring peace of mind to you and your family.American International Group, Inc. (AIG) is a global leader in commercial and personal insurance solutions; we are one of the world's 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.We're committed to creating a culture that truly respects and celebrates each other's 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 AIG's 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 candidatecare@aig.com.

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