Associate Actuary - Environmental

Join us in Associate Actuary - Environmental to take your actuarial career to the next level with a global market leader.

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 with industry expertise to assist with the Environmental business.  The Actuary will be mainly responsible for pricing and supporting the Environmental Profit Centre. The position involves profitability analysis/ deep dive and benchmarking for Environmental and General Liability Exposures (EAGLE) Program, Contractors Pollution Liability (CPL), and Underground Storage Tank (UST).  Additional duties include assisting with reserve analysis, planning, and financial reporting for Schedule P and other annual statement exhibits. They will partner with other actuaries in implementing best practices, analytical techniques and assessing the impact of loss trends and claims emergence. 

• Work closely with underwriting to develop pricing, underwriting strategies, identify pockets of profitable growth opportunities and future underwriting actions.
• Support the business review process and portfolio deep dives, which include reviewing underwriting actions impacting loss ratios to access impact on current and future performance.
• Ensure accuracy of quoting and rating systems by working with Underwriters.
• Ensure execution of rate level indications, portfolio profitability exercise and rate reviews within planned time frame
• Collaborate with data team to drive process improvement and achieve actuarial transformation goals
• Development and production of premium adequacy reports and budget loss ratio estimates for various segments.
• Perform peer review for actuarial work products.
• Perform environmental annual reserve studies, which include Primary and Excess General Liability, Auto Liability, CPL, and non-standard lines such as Mass Tort and Pollution.
• Provide actuarial support for quarterly closings and year-end financial reporting.
• Communicate with and advise senior management, underwriters, comptrollers, claims department. 
• Work effectively as part of a team and train junior staff in order to achieve financial, strategic and operational objectives

What you’ll need to succeed

• BS in Actuarial Science, Mathematics, Statistics, or related area
• ACAS or close
• 5 years or more experience in commercial casualty pricing preferred
• Strong analytical and problem-solving skills
• Work well both independently and as part of a team
• Proficiency in Excel, SQL, SAS, Python, R, or other programming languages preferred
• Strong business and collaboration skills and responsive to service needs and operational demands
• Effective time management skill
• Excellent communication, presentation, and interpersonal skills

For positions based in Jersey City, the base salary range is $96,000-$129,00. For positions based in NYC, the base salary range is $107,000-$133,000. In addition, the position is eligible for a bonus in accordance with the terms of the applicable incentive plan. We’re proud to offer a range of competitive benefits, a summary of which can be viewed here: AIG Benefits Overview.

Ready to take your career to the next level? We would love to hear from you.

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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 [email protected].  

AIG reserves the right to conduct a criminal background check, tailored to the requirements of a job, after a conditional employment offer is made. Unless otherwise required by law, AIG does not automatically exclude any applicant with a criminal conviction for a job or class or jobs. For more information about Philadelphia law specifically, copy and paste the following link within your browser: http://www.phila.gov/HumanRelations/PDF/BTB%20POSTER%20FINAL_3-9-16.pdf

AC - Actuarial

Estimated Travel Percentage (%): No Travel

Relocation Provided: No

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