Associate Actuary – Casualty Specialty MarketsAt AIG, we are reimagining the way we help customers to manage risk. Join us as an Associate Actuary – Casualty Specialty Markets to take on key responsibilities within a world-class actuarial function.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 impact We are seeking an actuary with industry expertise to provide pricing, analytics, and technical support to the Energy, Trucking and Environmental Portfolios, with a focus on Commercial Auto Liability under the supervision of Casualty Specialty Market lead pricing actuary. This position involves profitability analysis / deep dive, rater development and maintenance, large accounts pricing review, monthly business KPI reporting, assisting with annual budget and setting portfolio strategy. Additional duties include supporting quarterly earnings-related reporting, business AvE, diagnostics and large loss reporting. They will partner with other actuaries in implementing best practices, analytical techniques and assessing the impact of loss trends and claims emergence. Also, they will be responsible for one direct report.Work closely with underwriting to develop pricing, underwriting strategies, identify pockets of profitable growth opportunities and future underwriting actions.Support the business review process and portfolio deep dives, which include reviewing underwriting actions impacting loss ratios to access impact on current and future performance.Ensure accuracy of quoting and rating systems by working with Underwriters.Ensure execution of rate level indications, portfolio profitability exercise and rate reviews within planned time frameCollaborate with data team to drive process improvement and achieve actuarial transformation goalsDevelopment and production of premium adequacy reports and budget loss ratio estimates for various segments.Perform peer review for actuarial work products.Communicate with and advise senior management, underwriters, comptrollers, claims department.Work effectively as part of a team and train junior staff to achieve AIG's financial, strategic and operational objectivesWhat we are looking forAt least an Associate of the Casualty Actuarial Society (ACAS)At least 5 years of commercial lines actuarial experience, preferably with significant commercial auto pricing experience.Exceptional communication skills, including ability to develop and present clear and concise analysis and recommendations to senior management.Willing and able to continuously learn and adapt in a dynamic and fast changing environment.Timeliness and attention to detail.Proficiency in Excel, SQL, Snowflake, Python, R, or other programming languages preferredThe base salary range for this position is $120,00-$150,000 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.Ready to set new industry standards? We would love to hear from you.
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