American International Group

Actuary, Reserving - North America Specialty

American International Group • $120K — $165K *
Boston, MA 02115In-Person
Finance & Insurance
5 - 7 years of experience
Reposted 4 weeks ago
Job Overview by Ladders

Qualifications

  • BS in Actuarial Science, Mathematics, Statistics, or related field
  • FIA or FCAS preferred
  • 6+ years' experience in commercial lines
  • Experience in reviewing and managing reserving processes
  • Demonstrated ability to improve processes

Responsibilities

  • Lead day-to-day workflow of team and ensure timely delivery of reserving results
  • Ensure consistency in reserving approach across products
  • Collaborate with reserving management to develop efficient global processes
  • Review and report reserves to senior management
  • Consolidate reserving results into key MI and present to leaders
  • Support Global Specialty Reserving lead in managing reserve review schedules
  • Ensure appropriate controls for reserving processes and support audits

Benefits

  • Comprehensive benefits package focused on health, wellbeing, and financial security
  • Professional development opportunities
  • Paid time off and holidays
  • Commitment to a collaborative office culture
  • Culture of inclusion with Employee Resource Groups (ERGs)
Full Job Description
Actuary, Reserving - North America Specialty

The North America Specialty Reserving Lead will be responsible for managing the day-to-day workflow of analysts on the team with the responsibility of coordinating and reviewing the reserving process and results for North America Specialty. This key role will be highly visible, as you will have the opportunity to interact with and advise senior management. We are looking for an individual who has the ability to work independently, is pragmatic in their approach, can manage multiple projects to strict deadlines, and is driven to enhance existing processes.

  • Lead the day-to-day work of the team and work together to ensure timely and accurate delivery of the North America Specialty reserve results and local reporting requirements.
  • Ensure consistency in reserving approach across products within North America Specialty and with global standards.
  • Collaborate with North America and International reserving management to develop consistent and efficient processes globally.
  • Review and report upon reserves across North Specialty to Head of Global Specialty, North America Management and wider business.
  • Consolidate North America Specialty reserving results into key MI and present to senior business leaders.
  • Support the Global Specialty Reserving lead in managing the schedule of reserve reviews for all North America Specialty products.
  • Ensure appropriate controls are in place for the reserving process, support and be the point person for Actuarial for the annual audit reviews, independent reserve reviews, internal audit and SOX reviews for North America Specialty products.
  • Develop efficient or improve existing processes for the management and presentation of reserving information across Global Specialty.
  • Reports jointly to Head of North America Actuarial and Global Specialty Reserving Lead.
  • Act as an independent lead within the GS team ensuring best practice across reserving and, longer term, other actuarial functions.


Technical Skills and Expertise
  • BS in Actuarial Science, Mathematics, Statistics, or related field
  • FIA or FCAS preferred
  • 5+ years' experience in commercial lines
  • Experience of reviewing and managing reserving processes.
  • Experience of setting reserves.
  • Demonstrated ability to improve processes
  • Ability to work collaboratively across disparate stakeholders, respond and prioritise work effectively.
  • Excellent analytical and problem-solving skills.
  • Excellent project management skills.
  • Effective time management and organizational skills
  • Excellent communication, presentation, and interpersonal skills
  • Customer focus


The base salary range for this position is $120,000-$165,000 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, a summary of which can be viewed here: US Benefits Overview.

#LI-AIG # Actuarial #Actuary #Reserving

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.

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
Finance & Insurance
Net Income
-$5.9 billion
Founded
1919
5 Year Trend
-0.3%
Revenue
$43.7 billion
NASDAQ
AIG
* Ladders Estimates

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