Senior Actuary Analyst

OverviewWho we areAt AIG, we are reimagining the way we help customers to manage risk. Join us as a Senior Actuary Analyst to play your part in that transformation. It’s an opportunity to grow your skills and experience as a valued member of the team.Get to know the businessOur 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.About the roleWe are seeking an actuarial professional with industry expertise to assist with monitoring portfolio performance for the Lexington Contract Bind business. The Actuary will be responsible for working closely with UW to implement strategic rate changes that support growth while achieving profitability goals. They will present proposed rate changes to senior UWs and then work closely with IT to implement the rate changes. They will be heavily involved in the planning process as well as monitoring actual results versus expectations. It will be vital to develop a strong working relationship to build the trust of UW. They will also partner with claims staff to understand changes in claims handling & trends in the judicial environment.What you need to knowSupport the Commercial Contract Bind Underwriting Team which writes small commercial property, liability, garage, and excess.Produce profitability studies and effectively communicate results to UW.Work closely with underwriting to develop pricing and underwriting strategies and identify pockets of profitable growth opportunities.Work closely with programming to implement rate changes.Continue to build out monitoring reports that provide UW with an understanding of the book of business.Support finance and UW during the annual planning process.Estimate, review, and evaluate the monthly Actual versus expected at a pricing segment level.Monitor loss trends, relevant industry, and regulatory changes and effectively communicate to management impacts on business.Review underwriting actions impacting loss ratios to assess impact on current and future performance and collaborate with underwriting to identify future underwriting actions.Train junior staff.What we're looking forBS in Actuarial Science, Mathematics, Statistics, or related areaACAS or FCAS7 years or more experience, pricing experience preferredStrong analytical and problem-solving skillsWork well both independently and as part of a teamProficiency in Excel, SQL, Python, R, or other programming languages preferredStrong business and collaboration skills and responsive to service needs and operational demandsEffective time management skillsExcellent communication, presentation, and interpersonal skillsCustomer focusFor positions based in New Jersey, the base salary range is $83,000 - $148,000. In addition, the position is eligible for a bonus in accordance with the terms of the applicable incentive plan. We/'re proud to offer a range of competitive benefits a summary of which can be viewed here : AIG Benefits OverviewCompensation and cultureAt AIG, we value in-person collaboration as a vital part of our culture, which is why we ask our team members to be primarily in the office. This approach helps us work together effectively and create a supportive, connected environment for our team and clients alike.BenefitsEnjoy benefits that take care of what matters. Our Total Rewards Program is a comprehensive benefits package focused on health, wellbeing, financial security, and professional development.About AIGAmerican 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. We are thinking in new and innovative ways to deliver better solutions to our customers. We invest in our people through continuous learning and development, in a culture that celebrates everyone for who they are and what they want to become.Equal opportunity and inclusionWe are committed to equal opportunity and to creating a culture that respects and celebrates diverse talents, backgrounds, cultures, opinions and goals. 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. We also provide reasonable accommodations to applicants and employees with disabilities. If you need an accommodation, please email Area : AC - ActuarialWestern World Insurance Company #J-18808-Ljbffr

Created: 2025-09-21