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Actuarial Analyst

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American International Group (AIG)

Jan 12, 2025

  • Job
    Full-time
    Mid Level
  • Toronto
  • Quick Apply

AI generated summary

  • You need a BS in a related field, 3+ actuarial exams, 3+ years of property casualty experience (reserving preferred), strong analytical skills, Excel proficiency, and effective time management.
  • You will analyze loss reserves, prepare documentation, evaluate IBNR, conduct research, optimize actuarial processes, ensure data accuracy, and collaborate across departments.

Requirements

  • BS in Actuarial Science, Mathematics, Statistics, or related area
  • Successful completion of 3 or more actuarial exams
  • Minimum of 3 years or more actuarial experience in property casualty insurance. Reserving experience preferred
  • Strong analytical, technical, time management and problem solving skills
  • Takes initiative on projects and assignments; seeks alternative solutions
  • Works well both independently and as part of a team
  • Proficiency in Excel, Access, VBA, or other related skills
  • Strong business and collaboration skills, and responsive to service needs and operational demands
  • Effective time management skill. Capability to balance multiple projects with competing deadlines

Responsibilities

  • Assist with analysis of the reserving segments
  • Analyze data and other information to determine of loss and expense reserve adequacy using actuarial techniques
  • Oversee and prepare reserve study documentation; prepare information for financial statements
  • Evaluate the appropriate IBNR to be booked each quarter, and prepare Sarbanes Oxley documentation
  • Conduct research, experience studies and other more complex actuarial analysis; develop, review, and analyze changes and improvements to actuarial procedures. Optimize processes to meet business needs
  • Assist in the production of local Canadian and Schedule P reports and exhibits for GAAP and Statutory financials
  • Work with IT systems personnel to design new reports and data requirements. Check data for accuracy
  • Communicate with pricing actuaries, underwriters, finance, claims, compliance, and legal departments
  • Complete projects independently with limited supervision

FAQs

What is the main responsibility of an Actuarial Analyst at AIG?

The main responsibility includes providing support for actuarial reserving and financial reporting, which involves analyzing data for loss and expense reserve adequacy, overseeing reserve study documentation, and conducting complex actuarial analysis.

What educational background is required for this position?

A Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related area is required.

How many actuarial exams must be completed to qualify for this role?

Candidates must have successfully completed 3 or more actuarial exams.

What is the preferred experience for candidates applying for this position?

A minimum of 3 years or more actuarial experience in property casualty insurance is preferred, with a focus on reserving experience.

What technical skills are required for this job?

Proficiency in Excel, Access, VBA, and other related technical skills are required.

Is experience in risk management a key part of this role?

Yes, experience in risk management is important as the role involves analyzing risks and helping business leaders make informed decisions.

What types of departments will the Actuarial Analyst be communicating with?

The Actuarial Analyst will communicate with pricing actuaries, underwriters, finance, claims, compliance, and legal departments.

Are there opportunities for growth and continuous learning at AIG?

Yes, AIG invests in continuous learning and development for its employees, fostering a culture that celebrates personal and professional growth.

Is AIG an equal opportunity employer?

Yes, 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.

How does AIG support employees with disabilities?

AIG is committed to working with and providing reasonable accommodations to job applicants and employees with disabilities. Accommodations are available on request during the selection process.

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American International Group (AIG)

Finance
Industry
10,001+
Employees
1919
Founded Year

Mission & Purpose

American International Group, Inc. (AIG) is a leading global insurance organization. AIG member companies offer insurance solutions that help businesses and individuals in approximately 70 countries and jurisdictions protect their assets and manage risks. AIG common stock is listed on the New York Stock Exchange. AIG is the marketing name for the worldwide property-casualty and general insurance operations of American International Group, Inc. All products and services are written or provided by subsidiaries or affiliates of American International Group, Inc. Products or services may not be available in all countries and jurisdictions, and coverage is subject to underwriting requirements and actual policy language. Non-insurance products and services may be provided by independent third parties. Certain property-casualty coverages may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds, and insureds are therefore not protected by such funds.

Benefits

  • Physical and Mental Health benefits

  • Market-aligned base pay

  • Equitable incentive compensation

  • Life and disability insurance options