Associate Actuary - Retail Excess Casualty

About the role

AIG is seeking an Associate Actuary to support the Pricing function within our Retail Excess Casualty segment. This role involves profitability analysis, rater development and maintenance, large accounts pricing review, monthly business KPI reporting, and assisting with annual budgeting and portfolio strategy. The position includes quarterly earnings-related reporting, business AvE, diagnostics, and large loss reporting.

You will partner with other actuaries to implement best practices, assess loss trends, and claims emergence impact. The role also includes managing one direct report and collaborating with underwriting to develop pricing and underwriting strategies, identify profitable growth opportunities, and support business review processes.

Responsibilities

• Collaborate with underwriting to develop pricing and underwriting strategies, identify pockets of profitable growth opportunities, and recommend future underwriting actions.
• Support the business review process and portfolio deep dives, including reviewing underwriting actions impacting loss ratios to assess current and future performance.
• Ensure accuracy of quoting and rating systems by working with Underwriters.
• Execute rate level indications, portfolio profitability exercises, and rate reviews within planned timeframes.
• Collaborate with the data team to drive process improvement and achieve actuarial transformation goals.
• Develop and produce premium adequacy reports and budget loss ratio estimates for various segments.
• Perform peer review for actuarial work products.
• Communicate with and advise Retail Excess actuarial lead, underwriters, comptrollers, and claims department.
• Work effectively as part of a team and train junior staff to achieve AIG’s financial, strategic, and operational objectives.

Requirements

• BS in Actuarial Science, Mathematics, Statistics, or related area.
• ACAS preferred or close to completion.
• 5+ years of experience in commercial casualty pricing preferred.
• Strong analytical and problem-solving skills.
• Ability to work 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, responsive to service needs and operational demands.
• Effective time management skills.
• Strong communication, presentation, and interpersonal skills.

Benefits

AIG offers a comprehensive benefits package focused on health, wellbeing, financial security, and professional development. For a summary of benefits, visit the US Benefits Overview.

Pay

The base salary range for this position is $120,000–$150,000, and the position is eligible for a bonus in accordance with the terms of the applicable incentive plan.

Schedule

AIG values in-person collaboration and asks team members to be primarily in the office to foster a supportive and connected environment.