American International Group

Actuarial Analyst

American International Group$80K — $95K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • BS in Actuarial Science, Mathematics, Statistics, or related area
  • 2+ years of experience, ideally with a focus on pricing
  • Strong analytical and problem-solving skills
  • Ability to work independently and collaboratively
  • Proficiency in Excel, SQL, Python, R, or similar programming languages
  • Excellent communication, presentation, and interpersonal skills
  • Strong customer focus and time management skills

Responsibilities

  • Monitor portfolio performance for the Lexington Contract Bind business
  • Implement strategic rate changes with underwriting to support growth
  • Communicate profitability studies effectively to the underwriting team
  • Develop pricing and underwriting strategies to identify profitable growth opportunities
  • Collaborate with IT to implement rate changes
  • Build out monitoring reports for underwriting transparency
  • Assess impact of underwriting actions on loss ratios and future performance

Benefits

  • Comprehensive health and wellbeing benefits
  • Financial security programs
  • Focus on professional development
  • Supportive and connected work environment
  • Investment in employee value and protection
Full Job Description
Actuarial Analyst

About the role

We are seeking an actuarial professional with industry expertise to assist with monitoring portfolio performance for the Lexington Contract Bind business. The Actuarial Analyst will be responsible for working closely with UW to implement strategic rate changes that support growth while achieving profitability goals. They will present proposed rate changes to senior UWs and then work closely with IT to implement the rate changes. They will be heavily involved in the planning process as well as monitoring actual results versus expectations. It will be vital to develop a strong working relationship to build the trust of UW. They will also partner with claims staff to understand changes in claims handling & trends in the judicial environment.

What you need to know:
  • Support the Commercial Contact Bind Underwriting Team which writes small commercial property, liability, garage, and excess.
  • Produce profitability studies and effectively communicate results to UW.
  • Work closely with underwriting to develop pricing and underwriting strategies and identify pockets of profitable growth opportunities.
  • Work closely with programming to implement rate changes.
  • Continue to build out monitoring reports that provide UW with an understanding of the book of business.
  • Support finance and UW during the annual planning process.
  • Estimate, review, and evaluate the monthly Actual versus expected at a pricing segment level.
  • Monitor loss trends, relevant industry, and regulatory changes and effectively communicate to management impacts on business.
  • Review underwriting actions impacting loss ratios to assess impact on current and future performance and collaborate with underwriting to identify future underwriting actions.


What we're looking for:
  • BS in Actuarial Science, Mathematics, Statistics, or related area
  • Requires 2+ years or more experience, pricing experience preferred
  • Strong analytical and problem-solving skills
  • Work well both independently and as part of a team
  • Proficiency in Excel, SQL, Python, R, or other programming languages preferred
  • Strong business and collaboration skills and responsive to service needs and operational demands
  • Effective time management skills
  • Excellent communication, presentation, and interpersonal skills
  • Customer focus


#LI-AIG #actuarialcareers #actuary #actuaries

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 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.

Functional Area:

AC - Actuarial

AIG PC Global Services, Inc.

About American International Group

American International Group provides property insurance, life insurance, and financial services.

American International Group Careers

Join the dynamic team at American International Group (AIG), a leading global insurance organization, and propel your career into a future of opportunities and professional growth. At AIG, we are committed to fostering a culture of innovation, leadership, and diversity that is unmatched in the industry.

Work You’ll Do

At American International Group, you will collaborate with some of the brightest minds in the industry, dedicated to solving complex challenges and driving transformative solutions in the world of insurance. Our team is at the forefront of developing innovative insurance products that not only meet the needs of our clients worldwide but also anticipate future trends.

Explore Job Opportunities and Internships

Whether you're a seasoned professional looking for your next challenge or a recent graduate eager to start your career, AIG offers a range of job opportunities and internships across various functions. From underwriting and claims to finance and technology, your next position awaits you at AIG. Our internships provide invaluable hands-on experience, helping you to enhance your skills and make meaningful contributions from day one.

Grow and Develop Your Career

AIG believes in the power of continuous learning and offers extensive training and development programs to help you hone your skills and advance your career. Leadership development, diversity training, and innovation workshops are just a few examples of how we invest in our employees' growth and leadership capabilities.

Benefits and Culture

Joining AIG means more than just having a job; it means being part of a team that values diversity and is committed to creating an inclusive environment where everyone can thrive. We offer competitive benefits that support the health, well-being, and financial security of our employees and their families. At AIG, you will find a supportive network and a culture that applauds innovation and rewards performance.

Networking and Professional Development

We encourage our employees to build professional relationships both within and outside the company through networking events, professional groups, and career fairs. These opportunities not only enhance your career but also expand your professional network, which is vital in today’s dynamic job market.

Join Our Team

Search open positions that match your skills and interests on our Careers page. We are looking for passionate, curious, and solution-driven team players who are ready to take their career to the next level. Explore the exciting and rewarding career opportunities available at American International Group today.

Stay Connected

Keep up to date with the latest industry trends, career tips, and company news by subscribing to our careers blog. Personalize your experience by signing up for job alert emails tailored to your preferences and be the first to know about new openings and exclusive insights from professionals within AIG. At American International Group, your career is just the beginning – it’s a pathway to developing your skills, meeting new challenges, and making a difference in a global company known for its commitment to innovation and excellence. Join us and shape your future with AIG.
Learn more about American International Group
Size
36,600 employees
Market Cap
$46.4 billion
Industry
Net Income
-$5.9 billion
Founded
1919
5 Year Trend
-0.3%
Revenue
$43.7 billion
NASDAQ

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