• Job Description

  Req#: JR2305178

  American International Group, Inc. (AIG) is a leading global insurance organization. AIG member companies provide a wide range of property casualty insurance in approximately 70 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets and manage risks.

  We’re also committed to making a positive difference for our colleagues and in the communities where we work and live. We encourage colleagues to give back to the causes they care most about, supporting these efforts through our Volunteer Time Off and Matching Grants Programs.

  Senior Catastrophe Risk Analyst

  The AIG catastrophe (CAT) risk modelling and exposure management operation is one of the largest in the industry with professionals worldwide across multiple geographies. Effective CAT exposure management and reporting is integral to the success of the business and our team of experienced catastrophe modelers and exposure managers play a critical role in supporting underwriting of catastrophe risk and in managing our global risk appetite. The individual in this critical role is responsible for supporting CAT modeling and exposure management needs of AIG’s North America (NA) business including Retail, Wholesale, Energy, Construction and Programs. The role requires partnering with Underwriting, Engineering, Actuarial stakeholders, as well as close engagement and partnership with other CAT Teams. The role is highly visible and will have the opportunity to interact with and advise underwriting leadership, as well as influence AIG’s approach to CAT modelling and exposure management.

  Duties:

  • Support quarterly portfolio roll-up and reporting operations for select commercial product lines.
  • Perform advanced catastrophe risk analyses for multiple commercial product lines across AIG's General Insurance business and support underwriting decisions using data driven insights and guidance.
  • Support the development of reporting standards and best practices for portfolio and account level modeling.
  • Actively participate in development and performance testing of AIG proprietary underwriting platforms and AIG internal view of Risk.
  • Engage with internal partners as needed to respond to rating agency surveys, various Ad-hoc reporting, support regulatory filing, and datacalls requirements for various U.S. state and national insurance regulatory bodies.
  • Support business planning, profit studies, portfolio optimization, reinsurance purchase, and other actuarial or data driven exercises where catastrophe risk inputs are required.
  • Assist in the development of catastrophe capacity and appetite metrics, and the deployment of these across NA Commercial lines.
  • Support Catastrophe event response and loss estimation efforts for NA Commercial lines.
  • Collaborate with AIG R&D and Engineering teams on client projects and initiatives
  • Provide regular training for internal stakeholders

  Key Requirements:

  • Good understanding of insurance and reinsurance
  • Excellent analytical and quantitative skills including numerical modeling
  • Minimal 3 years of direct experience in CAT risk and portfolio modelling using RMS/AIR
  • In-depth knowledge of CAT modeling methodologies, excellent understanding of RMS & AIR models and database structures
  • Excellent SQL skills and experience with additional programming languages (R/Python) highly preferred
  • A high degree of attention to detail; experience planning and delivering work for a global team with many simultaneous priorities and time-sensitive deliverables.
  • Good verbal and written communication skills, and be able to effectively communicate technical concepts in a non-technical manner to a wide range of audiences
  • A good team player working well with multiple teams
  • Bachelors degree in an analytical field (e.g., Statistics, Economics, Finance, etc.); or Masters degree in an analytical field is a plus.

  For positions based in New York City, NY and San Francisco, CA the base salary range is $81,000-$100,000. For positions based in Jersey City, the base salary range is $81,000-$97,000. In addition, 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: 2024 Benefits Overview

  #LI-HB1

  A look at our Benefits

  We're proud to offer a range of employee benefits and resources that help you protect what matters most - your health care, savings, financial protection and wellbeing. We provide a variety of leaves for personal, health, family and military needs. For example, our "Giving Back" program allows you to take up to 16 hours a year to volunteer in your community. Our global mental health and wellness days off provide all colleagues with a paid day off to focus on their mental health and wellbeing.

  
  We also believe in fostering our colleagues' development and offer a range of learning opportunities for colleagues to hone their professional skills to position themselves for the next steps of their careers. We have a tuition reimbursement program for eligible colleagues to enhance their education, skills, and knowledge in areas that relate to their current position or future positions to which they may transfer or progress.

  We are an Equal Opportunity Employer

  American International Group, Inc., its subsidiaries and affiliates are committed to be an Equal Opportunity Employer and its policies and procedures reflect this commitment. We provide 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 such as sexual orientation. At AIG, we believe that diversity and inclusion are critical to our future and our mission – creating a foundation for a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives.

  To learn more please visit: https://www.aig.com/about-us/diversity-equity-and-inclusion

  AIG is committed to working with and providing reasonable accommodations to job applicants and employees with physical or mental disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to complete any part of the application or hiring process, please send an email to candidatecare@aig.com . Reasonable accommodations will be determined on a case-by-case basis.

  We consider qualified applicants with criminal histories, consistent with applicable law.

  Functional Area:

  RK - Risk

  Estimated Travel Percentage (%): Up to 25%

  Relocation Provided: No

  National Union Fire Insurance Company of Pittsburgh, Pa.

• 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.

Notice