American International Group
Actuary - Lexington Professional Lines
American International Group, Chicago, Illinois, United States, 60290
Actuary - Lexington Professional Lines
At AIG, we are reimagining the way we help customers to manage risk. Join us as an Associate Actuary - Lexington Professional Lines 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 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 to drive the advancement of our analytical capabilities within AIG’s Lexington Professional Lines business segments. This is an exciting position focused on management liability and professional liability products, performing pricing and advanced modelling functions. The actuary will help elevate the technical capabilities of the team through dynamic work projects such as profitability studies, modelling, planning support, and building out portfolio management & monitoring tools. The individual will be a trusted business partner, working closely with underwriting and claims to ensure profitable performance and growth.Perform and communicate the results of pricing studies for professional lines / management liability segmentsConstruct & maintain advanced models for various business functions such as pricing or claim monitoringWork closely with underwriting business partners to review market trends, understand portfolio shifts, identify pockets of profitable business, and help management develop and quantify the impact of underwriting actionsWork closely with claims business partners to review claim trends, examine changes in the judicial environment, and monitor emerging issuesHelp advance the team’s ability to perform deeper analytics such as ranges of reasonability, sensitivity testing, and optimal portfolio mixMonitor loss trends and relevant industry/regulatory changes, and effectively communicate to managementSupport the annual planning processEnsure model validation and documentation standards are metWhat you’ll need to succeed
BS in Actuarial Science, Mathematics, or StatisticsACAS or FCAS preferred5+ years or more experience, management liability or professional liability familiarity preferredExperience in SQL & R strongly preferred, Python a plusInnate drive to continuously learn and innovateStrong analytical and problem-solving skillsWork well both independently and as part of a teamStrong business and collaboration skillsFlexibility and effective time management skillsExcellent communication, presentation, and interpersonal skillsProficiency in Microsoft Office requiredReady to set new industry standards? We would love to hear from you.Enjoy benefits that take care of what mattersAt 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 worldAmerican 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 belongingWe’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 candidatecare@aig.com.About Us#J-18808-Ljbffr
At AIG, we are reimagining the way we help customers to manage risk. Join us as an Associate Actuary - Lexington Professional Lines 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 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 to drive the advancement of our analytical capabilities within AIG’s Lexington Professional Lines business segments. This is an exciting position focused on management liability and professional liability products, performing pricing and advanced modelling functions. The actuary will help elevate the technical capabilities of the team through dynamic work projects such as profitability studies, modelling, planning support, and building out portfolio management & monitoring tools. The individual will be a trusted business partner, working closely with underwriting and claims to ensure profitable performance and growth.Perform and communicate the results of pricing studies for professional lines / management liability segmentsConstruct & maintain advanced models for various business functions such as pricing or claim monitoringWork closely with underwriting business partners to review market trends, understand portfolio shifts, identify pockets of profitable business, and help management develop and quantify the impact of underwriting actionsWork closely with claims business partners to review claim trends, examine changes in the judicial environment, and monitor emerging issuesHelp advance the team’s ability to perform deeper analytics such as ranges of reasonability, sensitivity testing, and optimal portfolio mixMonitor loss trends and relevant industry/regulatory changes, and effectively communicate to managementSupport the annual planning processEnsure model validation and documentation standards are metWhat you’ll need to succeed
BS in Actuarial Science, Mathematics, or StatisticsACAS or FCAS preferred5+ years or more experience, management liability or professional liability familiarity preferredExperience in SQL & R strongly preferred, Python a plusInnate drive to continuously learn and innovateStrong analytical and problem-solving skillsWork well both independently and as part of a teamStrong business and collaboration skillsFlexibility and effective time management skillsExcellent communication, presentation, and interpersonal skillsProficiency in Microsoft Office requiredReady to set new industry standards? We would love to hear from you.Enjoy benefits that take care of what mattersAt 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 worldAmerican 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 belongingWe’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 candidatecare@aig.com.About Us#J-18808-Ljbffr