Actuary – Risk Management

AIG

Actuary at AIG managing risk through independent review of policyholder liabilities and model validation. Collaborating across functions to quantify risks and ensure sound reserving strategies with 7+ years of experience.

Posted 5/15/2026full-timeNew York City • Massachusetts, New Jersey, New York • 🇺🇸 United StatesSeniorLead💰 $120,000 - $150,000 per yearWebsite

About the role

Key responsibilities & impact

Assist in the independent review of selected AIG policyholder liabilities
Review claims and premium data quality for property and casualty insurance lines
Build benchmark reserving models and design statistical tests to review and challenge reserving model assumptions (risk segmentation, trends, loss development factors etc.) and the conceptual soundness of selected model specifications
Keep up with industry trends and research on the latest development on reserving methodologies and acquire various external data to complement the Reserve Analysis
Support the documentation of this view to local Boards/Committees, the AIG Audit Committee, the AIG Risk Committee and the Reserve Committee
Work closely with pricing actuaries to understand model development inventory and work closely with modelers during review process
Identify high risk pricing and underwriting models which require ERM review under the AIG Model Risk Management Policy
Acquire documentation, controls, data, validation and technical specification to assess
Help guide first line to best practices if these do not exist
Prepare reports on results of independent review to support robust governance function
Effectively communicate and present model review findings to Enterprise Risk Management leadership, Finance Actuarial, Underwriting and other key stakeholders
Work with various functions including actuarial, claims, underwriting, and the economics teams to build models or evaluate scenarios to quantify emerging risks and potential market shocks to enhance the company’s overall risk framework, providing insights that drive business success
Support technical review of other non-actuarial models when requested

Requirements

What you’ll need

University undergraduate degree and an Associate of Casualty Actuary Society or equivalent
A minimum of 7 years specializing in actuarial and/or risk management ideally with experience from a property and casualty (re)insurer or a consulting background if the requisite management and industry experience are evident
Strong analytical skills, knowledge of drivers of risk and knowledge of the insurance market
Ability to build proactive working relationships with stakeholders across various departments and effect change through use of influencing skills
Proven ability to maintain independent perspective and challenge management on risk-related decisions
Ability to communicate complex matters in a simple and clear manner

Benefits

Comp & perks

Competitive benefits package focusing on health, wellbeing, and financial security
Professional development opportunities
Bonus eligibility in accordance with the incentive plan

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills & Tools

statistical testsbenchmark reserving modelsrisk segmentationloss development factorsreserving methodologiesdata validationmodel developmentrisk managementactuarial modelingemerging risks

Soft Skills

analytical skillscommunication skillsrelationship buildinginfluencing skillsindependent perspectivepresentation skillscollaborationchange managementproblem-solvingcritical thinking

Certifications

Associate of Casualty Actuary Societyuniversity undergraduate degree