Actuarial Analyst

Actuarial Analyst

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

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.

The North America Rater Delivery Team within Global Pricing – Actuarial develops commercial rating solutions for underwriting teams within AIG, while supporting strategic initiatives within the actuarial team.

The North America Rater Delivery Team works alongside international counterparts, Product Actuaries, Underwriters, and the other teams within Global Pricing (Modelling and Advanced Analytics, Pricing MI and Pricing Effectiveness) to provide a comprehensive approach to pricing and portfolio optimization.

The team supports AIG's North America Commercial lines of business.

About the Role

We are seeking an actuarial professional to develop and maintain raters across multiple commercial lines of business. The Actuarial Analyst will be part of a collaborative team fostering an environment of support, learning, and innovation. They will have the opportunity to learn individual account pricing across multiple commercial products while expanding their knowledge of Python, Excel, and VBA. We are looking for an individual who is internally motivated, intellectually curious, can manage multiple priorities, and is driven to enhance existing processes.

• Work to develop and deploy raters utilizing Agile planning approaches, onto Python-based rating platform.
• Develop, maintain, and enhance pricing tools used across the commercial platform.
• Work collaboratively with Business Actuaries, Modelers, Underwriters, Business Leads, and Chief Underwriting Officers to implement updates, enhancements and efficiencies to pricing tools and raters.
• Assist with quality assurance by testing calculations to ensure quality and accuracy in other developers' coding logic.
• Support underwriters' day-to-day use of raters by reviewing their feedback and addressing questions or issues as they arise.
• Document pricing tool updates and algorithms and provide pricing tool release notes used by underwriters.
• Work with modelers to assist with developing and deploying predictive models in pricing tools.

What We Are Looking For:

• BS in Actuarial Science, Mathematics, Statistics, or related area
• 2 or more exams preferred
• 1+ years or more in commercial and / or financial lines pricing preferred
• Pricing experience preferred
• Strong analytical and problem solving skills
• Work well both independently and as part of a team
• Proficiency in Excel, VBA, Python, R or other programming languages preferred
• Strong business and collaboration skills, and responsive to service needs and operational demands
• Effective time management skills
• Excellent communication, presentation, and interpersonal skills

For positions based in Boston, the base salary range is $62,000-$78,000, and for positions based in Illinois, the base range is $60,000-75,000. 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: US Benefits Overview