Actuarial Development Program Jobs in Massachusetts

Actuary & AVP - Management Liability

At AIG, we are reimagining the way we help customers to manage risk. Join us as a Actuary & AVP - Management Liability 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 lead the pricing function for the Management Liability segment within AIG's North America Financial Lines team. This is an exciting position focused on pricing, modelling, and advanced analytics for our Management Liability product lines, including D&O, EPL, Fiduciary, & Crime. The actuary will manage a team of individual contributors, overseeing the execution of dynamic work projects such as profitability studies, predictive modelling, planning support, and building out portfolio management & monitoring tools. The individual will be a trusted business partner, working closely with the underwriting and claims departments to ensure profitable performance and growth.

• Perform and communicate the results of pricing studies for Management Liability product segments

• Construct & maintain advanced models for various business functions such as pricing or claim trend monitoring

• Work closely with underwriting business partners to review market trends, understand portfolio shifts, identify pockets of profitable business, monitor emerging issues, and help management develop and quantify the impact of underwriting actions

• Maintain a robust command of public D&O / security class action trends & claim activity

• Perform unique & innovative individual account rating analyses as needed

• Help advance the broader Financial Lines team's ability to perform deeper analytics by proposing new ideas, trying new techniques, and leading innovative projects

• Support the annual profit study & planning process

• Support rate filings as needed

• Lead a team of actuaries through coaching, mentoring, and project management

What we are looking for

• BS in Actuarial Science, Mathematics, Statistics, or related area

• Credentialed FCAS

• 10 years or more experience, Management Liability familiarity required

• Experience in SQL & R/Python preferred

• A thought leader, with an innate drive to continuously learn and innovate

• Strong analytical and problem-solving skills

• Work well managing and coaching others

• Strong business and collaboration skills, demonstrated ability to influence business partners

• Flexibility and effective time management skills

• Excellent communication, presentation, and interpersonal skills

The base salary range for this position is $180,00-$225,000 and the positionis eligible for a bonus in accordance with the terms of theapplicable incentive plan. In addition,we're proud to offer a range ofcompetitive benefits, a summary of whichcan be viewed here: US Benefits Overview

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

#LI-CM1 #Actuary #Actuarial #Pricing

At 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.

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 inclusion

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 learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The talent 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.