Location: Chicago,IL, USA
Actuarial Analyst, Foreign Casualty
Chicago, IL; Atlanta, GA
At AIG, we are reimagining the way we help customers to manage risk. Join us as the Actuarial Analyst, Foreign Casualty 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 AIGs 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 Foreign Casualty business. The Actuary will be mainly responsible for pricing and supporting the Foreign Casualty Profit Centre. The position involves profitability analysis, maintaining and improving new and existing raters, and assisting with planning for National Accounts and WorldRisk. They will partner with other actuaries in implementing best practices, analytical techniques and assessing the impact of loss trends and claims emergence.
+ Monitor the monthly rate level indications and communicate outliers.
+ Assist in large account pricings including security calculations for National Accounts. Business consists of General Liability, Casualty Auto and Workers Compensation.
+ Assist in the annual planning processes, including profitability studies, data extractions and data collection in collaboration with our International Actuaries.
+ Perform data manipulations and work with the data team to drive process improvements.
+ Provide actuarial support for quarterly reporting, such as Actual versus Expected, quarterly close processes, etc.
+ Assist in maintaining the Quote and Bind Tool (QBT) for National Accounts in collaboration of our business partners.
+ Assist in the development of new raters for National Accounts.
+ Work effectively as part of a team and train any junior staff in order to achieve financial, strategic and operational objectives.
What youll need to succeed
+ BS in Actuarial Science, Mathematics, Statistics, or related area
+ Completed 2 or more actuarial exams
+ 2 years or more experience
+ Strong analytical and problem-solving skills
+ Work well both independently and as part of a team
+ Proficiency in Excel, SQL and Snowflake
+ Working experience with VBA, Python, R or other programming languages highly preferred
+ Willingness to pick up new programming languages and tools as needed
+ Effective time management skill
+ Excellent communication, presentation, and interpersonal skills
Ready to set new industry standards? We would love to hear from you.
#LI-CM1 #Actuary #Actuarial #LI-AIG
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 whats 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 securityas well as your professional developmentto 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 worlds 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
Were committed to creating a culture that truly respects and celebrates each others 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 AIGs 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 ...@aig.com .
Functional Area:
AC - Actuarial
Estimated Travel Percentage (%): No Travel
Relocation Provided: No
National Union Fire Insurance Company of Pittsburgh, Pa.