• Job Description

  Req#: JR2305382

  Who we are:

  American International Group, Inc. (AIG) is a leading global insurance organization. Building on 100 years of experience, today AIG member companies provide a wide range of property casualty insurance, life insurance, retirement solutions, and other financial services to customers in more than 80 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security.

  Get to know the business:

  General Insurance is a leading provider of insurance products and services for commercial and personal insurance customers. It includes one of the world’s most far-reaching property casualty networks. General Insurance offers a broad range of products to customers through a diversified, multichannel distribution network.

  As an actuary at AIG, you will be challenged and encouraged to reach your greatest potential. Every day will bring new opportunities to stretch your analytical and problem-solving skills as you improve how we predict and mitigate risk. Our Financial Actuaries are on the frontlines, quantifying risk, pricing insurance and reserving losses for AIG’s major regulated and rated insurance operating companies globally. Portfolio Analytics and Pricing Actuaries support AIG’s businesses and are responsible for technical pricing, product development analytics and performance measurement. They collaborate with Marketing, Operations and Financial Management.

  About the role:

  The Rater Delivery Team develops best-in-class technological solutions while supporting strategic initiatives within the actuarial team. Support is provided for AIG’s North America Commercial lines of business - Casualty, Property and Financial Lines.

  We are seeking an actuarial professional to develop python based pricing tools. This unique role offers a range of responsibilities and provides the opportunity to engage and partner with actuarial colleagues, IT, Operations, the Data Office, and Chief Underwriting Officers. We are looking for an individual who is internally motivated, intellectually curious, can manage multiple priorities, and is driven to enhance existing processes.

  What you need to know:

  • Implementing complicated actuarial models on the python based HyperExponential Rating Platform.
  • Develop, enhance, maintain, and document pricing tools used across the North America commercial platform.
  • Work closely with the Business Actuaries, Modelers, Underwriters, Business Leads, and Chief Underwriting Officers to implement efficiencies, updates and enhancements to pricing tools and raters.
  • Provide pricing tool training to Business Actuaries and support to underwriters.
  • Work with the platform team and developers to deploy pricing tools on the rating platform.
  • Operationalize profitable growth strategies in the front-end pricing tools by refining existing pricing models to align with portfolio insights, and improve pricing adequacy and risk selection.
  • On-board pricing tools and raters to the Hx pricing platform.
  • Assist in developing segment specific algorithm design, actuarial code review, testing and test reporting.
  • Update the Rater Catalog to keep it consistent with the enhancements and updates to the raters.
  • Supervise / train junior staff
  • Research and develop advanced pricing techniques.

  What we’re looking for:

  • BS in Actuarial Science, Mathematics, Statistics, or related area
  • 5 years or more in commercial and / or financial lines pricing preferred
  • Strong analytical and problem solving skills
  • Work well both independently and as part of a team
  • Able to lead projects
  • Proficiency in Python, or other programming languages preferred
  • ACAS or nearing ACAS preferred
  • Proficiency in Excel
  • 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-CM1

  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.

  Reimagining insurance to make a bigger difference to the world

  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.

  Welcome to a culture of belonging

  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 our flexible work arrangements, diversity and inclusion learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The diversity 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 .

  Functional Area:

  AC - Actuarial

  Estimated Travel Percentage (%): No Travel

  Relocation Provided: No

  AIG PC Global Services, Inc.

• About the company

  We're a leading global insurance organization with operations in more than 80 countries and jurisdictions. We provide a wide range of property casualty insurance, life insurance, retirement solutions, and other financial services to support our clients in business and in life through our General Insurance, Life & Retirement and Investments business units. What unites us across all of these offerings is our commitment to helping individuals, businesses and communities prepare for and respond to times of uncertainty. Whether serving those facing natural disasters or millions of Americans striving for a financially secure retirement, we have the specialist expertise to help clients better manage risk.

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