Reserving Actuarial Specialist

At AIG, we are reimagining the way we help customers to manage risk. Join us as a Reserving Actuarial Specialist 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.

How you will create an impact

• Define technical provisions for Local and USGAAP.
• Review the reserves level for Insurance and Reinsurance Company for Commercial and Consumer lines products
• Define the risk appetite (retention per risk)
• Review the capital level (current and projection)
• Write Appointed Actuary Report to the regulator commenting the external actuarial audit report
• Support Profitability Studies
• Identify, create and monitor actions plans needed to improve portfolios profitability
• Define Budget Loss Ratio
• Identify and investigate variances to financial plans and forecasts by interpreting financial results
• Analyze IBNR studies to manage loss ratio by products and help each Profit Center to create action plans.
• Perform Actual x Expected (AvE), align with Claims team, identify trends and communicate to leaders any material portfolio deviation
• Perform LTP Studies and Reserves for Latin America (LAC), explain results and communicate with LAC Actuaries
• Support actuarial team with Local Gaap Liability Test Adequacy (TAP) required by Local Regulator for Insurance and Reinsurance Companies
• Create all the financial statements notes related to the actuarial work
• Manage databases to measure performance.
• Ensure accuracy on actuarial databases.                                          
• Handle Brazil regulatory annual activities
• Lead external audit process
• Work close to FP&A, UWs, Product and Reinsurance Teams

What you’ll need to succeed

• Technical reserving experience and portfolio analysis experience
• Pricing experience would be a plus
• Actuarial Bachelor’s degree (MIBA is required)
• Advanced English Skills
• Recognized experience in insurance  and reinsurance market in actuarial area
• Ability to dive into technical and execution level details
• Capacity to develop team skills, encourage accountability, manage deadlines and problem-solving
• Programming proficiency (SAS and Python) 

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 [email protected].  

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