AIG is the leading global insurance organization and among the nation's largest underwriter of commercial and consumer coverages.
The qualified candidate will become a member of AIG Finance Actuarial department. The primary area the candidate is going to work on is Personal Insurance business in the US. Business segments include Private Client Group, Personal Accident, Travel and Warranty among a growing block of diverse products totaling over $2 billion in annual premium.
The AIG Finance Actuarial department works closely with management, finance, underwriting and claims in a wide range of functions loss reserving, financial forecasting and budgeting. The goal is to develop well-rounded, business-minded actuaries by exposing each member of the department to the full array of functions.
Loss Reserving and Financial Reporting – prepare quarterly updates of loss reserve balances for financial reporting. Provide necessary schedules to document changes, prior year development and other required information.
Prepare quarterly results briefings to explain results/trends to Product Tower management.
Prepare Annual Detailed Valuation Review which updates reserve segmentation/methodologies as required to reflect both internal and external factors impacting the various products within the portfolio.
Manage the transition of US Consumer reserving processes into the in-house reserving system, AIREAS.
Provide oversight into International Personal Insurance segment.
Manage three actuarial students.
Minimum Qualifications and Experience Required
7 years actuarial experience.
ACAS minimum but FCAS designation preferred
Previous loss reserving experience with Personal Insurance products.
Excellent skill in Excel a must.
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