American International Group

Associate Actuary - Professional Lines Pricing - Lexington

American International Group$124K — $155K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • BS in Actuarial Science, Mathematics, Statistics, or related field
  • ACAS or FCAS preferred
  • 3+ years of actuarial experience in property casualty insurance
  • Strong analytical and problem-solving skills
  • Excellent communication and interpersonal skills
  • Proficient in R, SQL, Excel, or related tools
  • Strong business and collaboration skills

Responsibilities

  • Analyze profitability of professional lines book focused on claims made liability portfolios
  • Develop pricing and underwriting strategies in collaboration with underwriting teams
  • Assist in the pricing of large accounts
  • Maintain and enhance statistical tools for rating
  • Monitor loss trends and industry changes to communicate effectively to management
  • Track changes in rate, exposure, and business status
  • Develop actuarial reports for portfolio management and business solutions

Benefits

  • Comprehensive health and wellness benefits
  • Focus on professional development opportunities
  • Supportive work-life balance initiatives
  • Inclusive culture that respects diversity
  • Access to Employee Resource Groups for networking and community building
Full Job Description
Associate Actuary - Professional Lines Pricing - Lexington

The Associate Actuary - Professional Lines Pricing - Lexington will provide pricing, analytics, and technical support to the Property/Casualty profit centers of AIG Lexington under the supervision of senior department actuaries. The job involves the analysis of the profitability of professional lines wholesale business including Architects & Engineers and Healthcare professional liability insurance; providing analytical insight on profitable growth opportunities within these lines. Incumbent will interact regularly with senior actuarial and underwriting management within AIG on pricing matters related to these lines.

  • Analyze the profitability of the Lexington professional lines book with a focus on claims made liability portfolios.
  • Work closely with underwriting to develop pricing and underwriting strategies and identify pockets of profitable growth opportunities.
  • Assist in the pricing of large accounts
  • Maintain our rating tools including updating, improving, and maintaining the statistical tools behind these raters, whilst also working closely with underwriting to implement usability updates, new features, and new capabilities as necessary.
  • Monitor loss trends and relevant industry/regulatory changes with a view to communicate these trends effectively to management.
  • Monitor rate, exposure, retention, new, lost business changes.
  • Assist in providing business solutions to maximize risk adjusted profit- Develop actuarial reports to help the business effectively manage existing portfolios.
  • Work closely with reserving actuaries, finance partners, and claim specialists to understand dynamics within the portfolio and contribute to information-sharing initiatives with these partners.
  • Research, maintain, develop and review advanced pricing techniques including generalized linear models.


What we are looking for
  • BS in Actuarial Science, Mathematics, Statistics, or related area.
  • ACAS or FCAS preferred
  • 3 years or more actuarial experience in property casualty insurance - modelling or pricing experience is a plus.
  • Strong analytical and problem-solving skills.
  • Excellent communication, presentation, and interpersonal skills.• Work well both independently and as part of a team.
  • Proficiency in R, SQL, Excel or other related skills
  • Strong business and collaboration skills, and responsive to service needs and operational demands.


The base salary range for this position is $124,000-$155,000 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 #Actuary #Actuarial #Pricing

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.

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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