Associate Actuary - Risk Management

Associate Actuary – Risk Management – AIG As an Associate Actuary, you will support the Actuarial Independent Review team by performing quantitative analysis, reviewing model assumptions, and providing independent insight into key insurance and reinsurance products across AIG’s operations. Responsibilities Assist in the independent review of selected AIG policyholder liabilities; Review claims and premium data quality for property and casualty lines. Build benchmark reserving models and design statistical tests to challenge reserving model assumptions (risk segmentation, trends, loss‑development factors, etc.) and to assess the conceptual soundness of model specifications. Monitor industry trends and research on reserving methodologies; obtain and incorporate external data to support Reserve Analysis. Document findings for review by local Boards/Committees, the AIG Audit Committee, the AIG Risk Committee, and the Reserve Committee. Assist in the independent review of selected high‑priority Pricing and Underwriting models; Collaborate closely with pricing actuaries to understand model development inventory. Work with modelers during the review process and identify models requiring ERM review under the AIG Model Risk Management Policy. Acquire documentation, controls, data, validation, and technical specifications to assess model integrity; provide guidance on best practices where gaps exist. Offer positioning on methodology, trends, and parameters for the models. Prepare reports on review results to support the governance function. Build models or evaluate scenarios in collaboration with actuarial, claims, underwriting, and economics teams to quantify emerging risks and potential market shocks, thereby enhancing the company’s overall risk framework. Support the technical review of other non‑actuarial models when requested. Qualifications University undergraduate degree and working toward an Associate or Fellow of the Casualty Actuarial Society or an equivalent qualification. At least 5 years of experience specializing in actuarial or risk‑management work, ideally within a property and casualty insurer, re‑insurer, or consulting environment with demonstrated management and industry exposure. Strong analytical skills and deep understanding of risk drivers and the insurance market. Ability to develop proactive working relationships with cross‑functional stakeholders and influence change. Excellent communication skills; able to convey complex concepts in a clear and concise manner. Location & Compensation Positions may be located in NYC, NY; Jersey City, NJ; Parsippany, NJ; or Boston, MA. Base salary ranges: New York: $115,000 – $145,000 New Jersey: $110,000 – $142,000 Boston: $115,000 – $145,000 Eligible for a bonus in accordance with the applicable incentive plan. Benefits AIG offers a comprehensive Total Rewards Program that includes health, wellness, financial security, and professional development benefits. For a summary, please reference the 2025 Benefits Summary. Equal Opportunity Employment 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 category. AIG is committed to providing reasonable accommodations for job applicants and employees with disabilities. If you need an accommodation, please email View email address on click.appcast.io. #J-18808-Ljbffr