Summer Actuarial Development Program Jobs in Chicago, IL

Actuarial Analyst

At AIG, we are reimagining the way we help customers to manage risk. Join us as an Actuarial Analyst 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

The North America Rater Delivery Team within Global Pricing - Actuarial develops commercial rating solutions for underwriting teams within AIG, while supporting strategic initiatives within the actuarial team.

The North America Rater Delivery Team works alongside international counterparts, Product Actuaries, Underwriters, and the other teams within Global Pricing (Modelling and Advanced Analytics, Pricing MI and Pricing Effectiveness) to provide a comprehensive approach to pricing and portfolio optimization.

The team supports AIG's North America Commercial lines of business.

About the role

We are seeking an actuarial professional to develop and maintain raters across multiple commercial lines of business. The Actuarial Analyst will be part of a collaborative team fostering an environment of support, learning, and innovation. They will have the opportunity to learn individual account pricing across multiple commercial products while expanding their knowledge of Python, Excel, and VBA. We are looking for an individual who is internally motivated, intellectually curious, can manage multiple priorities, and is driven to enhance existing processes.

• Work to develop and deploy raters utilizing Agile planning approaches, onto Python-based rating platform.
• Develop, maintain, and enhance pricing tools used across the commercial platform.
• Work collaboratively with Business Actuaries, Modelers, Underwriters, Business Leads, and Chief Underwriting Officers to implement updates, enhancements and efficiencies to pricing tools and raters.
• Assist with quality assurance by testing calculations to ensure quality and accuracy in other developers' coding logic.
• Support underwriters' day-to-day use of raters by reviewing their feedback and addressing questions or issues as they arise.
• Document pricing tool updates and algorithms and provide pricing tool release notes used by underwriters.
• Work with modelers to assist with developing and deploying predictive models in pricing tools.
  

What we are looking for:

• BS in Actuarial Science, Mathematics, Statistics, or related area
• 2 or more exams preferred
• 1+ years or more in commercial and / or financial lines pricing preferred
• Pricing experience preferred
• Strong analytical and problem solving skills
• Work well both independently and as part of a team
• Proficiency in Excel, VBA, Python, R or other programming languages preferred
• Strong business and collaboration skills, and responsive to service needs and operational demands
• Effective time management skills
• Excellent communication, presentation, and interpersonal skills

For positions based in Boston, the base salary range is $62,000-$78,000, and for positions based in Illinois, the base range is $60,000-75,000. In addition, the position is eligible for a bonus in accordance with the terms of the applicable incentive plan. In addition, we're proud to offer a range of competitive benefits, a summary of which can be viewed here: US Benefits Overview

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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.