Actuarial Associate

About the Role

At AIG, we are reimagining the way we help customers to manage risk. Join us as an Actuarial Associate to play your part in that transformation. It’s an opportunity to grow your skills and experience as a valued member of the team. 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.

We are seeking an actuary with industry expertise to support the Pricing function within our Lexington Excess Casualty segment.

How You Will Create An Impact

• Support development of pricing models and rate indications using actuarial and statistical techniques
• Prepare, validate, and reconcile data used in pricing analyses
• Assist in pricing analyses, rate proposals, and supporting documentation for business partners
• Support implementation of rating changes in systems, including testing and validation
• Monitor loss trends and portfolio performance metrics and flag notable changes
• Assist with research of market trends, competitor behavior, and external factors affecting pricing
• Produce recurring reports supporting portfolio monitoring and pricing decisions
• Document methodologies, assumptions, and outputs used in pricing analyses
• Profitability analysis/ deep dive
• Large accounts pricing review
• Monthly business KPI reporting
• Assisting with annual budget and setting portfolio strategy
• Partner with other actuaries in implementing best practices, analytical techniques and assessing the impact of loss trends and claims emergence.

Requirements & Tech Stack

• BS in Actuarial Science, Mathematics, Statistics, or related area
• Completion of one or more actuarial exams
• Foundational knowledge of pricing methodologies (rate adequacy, segmentation, trend)
• Ability to support pricing analyses using structured data under guidance
• Familiarity with pricing data, validation, and tools
• Basic understanding of governance and the business impact of pricing decisions
• Ability to keep manager and immediate team informed on progress, issues, and results

The base salary range for this position is $77,000-$97,000 and the position is eligible for a bonus in accordance with the terms of the applicable incentive plan.

AIG values in-person collaboration and asks team members to be primarily in the office.