Senior Actuarial Analyst (P&C)

Senior Actuarial Analyst, Lexington Casualty

At AIG, we are reimagining the way we help customers manage risk. Join us as a Senior Actuarial Analyst, Lexington 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 with industry expertise to assist with pricing the Lexington Casualty business. The Senior Actuarial Analyst will be responsible for profitability studies, portfolio deep dives, working with underwriters on large account pricing, and pricing model development and enhancements.

They will partner with other pricing actuaries in implementing best practices analytical techniques, partner with reserving actuaries in assessing the impact of loss trends and claims emergence, and partner with underwriters in assessing the impact of changes in appetite and portfolio mix.

• Analyze the profitability of E&S casualty industries including Energy, Products Liability, Construction, General Casualty, Public Entities, and Transportation for GL and AL.
• Work closely with underwriting to develop pricing and underwriting strategies and identify pockets of profitable growth opportunities.
• Monitor rate, exposure, retention, new, lost business changes. Monitor loss trends and relevant industry/regulatory changes and effectively communicate to management.
• Provide business solutions to maximize risk-adjusted profit. Develop analytical tools to help business effectively manage existing portfolios.
• Work closely with reserving actuaries to understand reserve development and inform them of pricing and underwriting actions that will impact reserve estimates.
• Monitor and examine profitability of the casualty lines by industry segment and geography.
• Research and develop best practices pricing techniques, including GLMs, to be implemented across the business.
• Train junior staff.

What you’ll need to succeed

• BS in Actuarial Science, Mathematics, Statistics, or related area
• 4 or more actuarial exams
• 3+ years experience in commercial casualty lines (e.g. GL, Excess, and Auto) pricing preferred
• Proficiency in Excel, SQL, SAS, Python, R, or other programming languages preferred
• Strong analytical and problem-solving skills
• Work well both independently and as part of a team
• Strong business and collaboration skills and responsive to service needs and operational demands
• Effective time management skills
• Excellent communication, presentation, and interpersonal skills
• Customer focus

Ready to set new industry standards? We would love to hear from you.

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.

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.

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.