Senior Actuarial Analyst, Reserving - Workers Compensation

Senior Actuarial Analyst, Reserving – Workers Compensation

At AIG, we are reimagining the way we help customers to manage risk. Join us as a Senior Actuarial Analyst, Reserving – Workers Compensation to take on key responsibilities within a world-class actuarial function.

Make your mark in Actuarial

Our Actuaries are on the front lines, quantifying risk, pricing insurance and reserving losses for AIG’s major insurance operating companies, globally. We collaborate with Finance, Claims, Operations, Marketing and Risk Management, among other functions. As an AIG actuary, you will be challenged and encouraged to reach your greatest potential to help improve how we predict, manage and mitigate risk.

How you will create an impact

We are seeking an actuarial professional to provide actuarial support for AIG’s industry leading Workers Compensation business. This unique role will provide a range of experience in reserving and will provide the opportunity to engage with various profit centers within the company.  We are looking for an individual who is internally motivated, intellectually curious, able to manage multiple priorities, and driven to enhance existing processes.

• Analyze information to determine and document the adequacy of loss and loss expense reserves.

• Analyze and monitor loss trends and relevant industry/regulatory changes and effectively communicate to management.

• Support quarterly process of determining the appropriate amount of IBNR to be booked.

• Assist with quarterly financial and regulatory reporting (quarter close) and provide data for annual statement reporting. 

• Engage with Pricing actuaries on profit center budget.

• Collaborate with data team to drive process improvement and achieve actuarial transformation goals.

• Perform tech and peer reviews for actuarial work products.

• Work effectively as part of a team to achieve AIG’s financial, strategic and operational objectives.

What we are looking for

• BS in Actuarial Science, Mathematics, Statistics, or related area

• 3 or more years of experience in Commercial Casualty lines pricing and/or reserving

• 3 or more actuarial exams preferred

• Strong analytical and problem-solving skills

• Work well both independently and as part of a team 

• Proficiency in Excel and SQL, with experience in SAS, Python, R, or other programming languages also preferred

• Strong business and collaboration skills and responsive to service needs and operational demands

• Effective time management skills

• Strong communication, presentation, and interpersonal skills

• Strong work ethic

• Customer focus

Opportunity can be located in NYC, NY, Parsippany, NJ, Chicago, IL, Atlanta, GA, Philadelphia, PA ,or Boston, MA

The base salary range for this position is $100,000-$125,000 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

Ready to set new industry standards? We would love to hear from you.

#LI-CM1 #Actuary #Actuarial #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.

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 inclusion

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 learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The talent 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 [email protected].