Associate Actuary - North America Property Pricing

About the role

Join AIG’s world-class actuarial function as an Associate Actuary supporting North America Property pricing, including Retail, Lexington, and Canada. You will streamline processes across property segments, implement best-practice analytical techniques, and collaborate with catastrophe modelers, reserving actuaries, and the Chief Underwriting Office to quantify risk, refine pricing, and identify profitable growth opportunities.

Responsibilities

• Review and improve pricing-system parameters; monitor underwriter adherence to pricing procedures and methodologies.
• Coordinate pricing, planning, and accumulation management with the cat-modeling team to ensure risk-adjusted returns that account for expected loss, reinsurance costs, and capital needs.
• Develop analytical tools to help underwriters assess insured risks, aligning the pricing framework across underwriting platforms and business classes.
• Work with reserving actuaries to understand reserve development and ensure pricing actions are appropriately recognized.
• Recommend rating methodologies, parameters, and tools to improve technical pricing accuracy in response to market, economic, and product changes.
• Align tools, reporting metrics, and goals organizationally to optimize team efficiency and consistency across property portfolios.
• Partner with the Chief Underwriting Office to develop pricing and underwriting strategies, identifying profitable opportunities and areas needing improvement.

Requirements

• Associate of the Casualty Actuarial Society (ACAS) or higher.
• At least 5 years of commercial lines actuarial experience, with significant commercial property pricing experience preferred.
• Exceptional communication skills, including the ability to present clear, concise analysis and recommendations to senior management.
• Willingness and ability to continuously learn and adapt in a dynamic environment.
• Solid understanding of catastrophe modeling fundamentals.
• Strong attention to detail and timeliness.

Pay

Base salary ranges by location:

• New York: $120,000 – $150,000
• New Jersey: $115,000 – $148,000
• Illinois: $110,000 – $145,000

Eligible for a bonus under the applicable incentive plan.

Benefits

AIG offers a comprehensive Total Rewards Program focused on health, wellbeing, financial security, and professional development. Benefits include:

• Competitive health and wellness programs.
• Financial protection and retirement planning.
• Continuous learning and development opportunities.
• Inclusive culture with Employee Resource Groups (ERGs) and cultural awareness activities.

US Benefits Overview

Schedule

Primarily in-office to foster in-person collaboration, which is a vital part of AIG’s culture.