Actuary - Lexington Professional Lines - American International Group

Actuary, Lexington Professional Lines

Who we are

American International Group, Inc. (AIG) is a leading global insurance organization. Building on 100 years of experience, today AIG member companies provide a wide range of property casualty insurance, life insurance, retirement solutions, and other financial services to customers in more than 80 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks, and provide for retirement security.

Get to know the business 

General Insurance is a leading provider of insurance products and services for commercial and personal insurance customers. It includes one of the world’s most far-reaching property casualty networks. General Insurance offers a broad range of products to customers through a diversified, multichannel distribution network.

About the role

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.

What you need to know:

• Perform and communicate the results of pricing studies for professional lines / management liability segments
• Construct & maintain advanced models for various business functions such as pricing or claim monitoring
• Work 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 actions
• Work closely with claims business partners to review claim trends, examine changes in the judicial environment, and monitor emerging issues
• Help advance the team’s ability to perform deeper analytics such as ranges of reasonability, sensitivity testing, and optimal portfolio mix
• Monitor loss trends and relevant industry/regulatory changes, and effectively communicate to management
• Support the annual planning process
• Ensure model validation and documentation standards are met

What we are looking for

• BS in Actuarial Science, Mathematics, or Statistics
• ACAS or FCAS preferred
• 5+ years or more experience, management liability or professional liability familiarity preferred
• Experience in SQL & R strongly preferred, Python a plus
• Innate drive to continuously learn and innovate
• Strong analytical and problem-solving skills
• Work well both independently and as part of a team
• Strong business and collaboration skills
• Flexibility and effective time management skills
• Excellent communication, presentation, and interpersonal skills
• Proficiency in Microsoft Office required

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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—to bring peace of mind to you and your family.

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. 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 belonging

We’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.  

Estimated Travel Percentage (%): No Travel

Relocation Provided: No

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