Associate Actuary, Central Reserving

The Central Reserving team is seeking a highly analytical and innovative professional to help advance our reserving capabilities through the application of Artificial Intelligence (AI) and advanced analytics. This role will be responsible for developing tools and models that identify and quantify key drivers of claims outcomes, uncover insights into loss development behavior, and enhance reserving accuracy across multiple lines of business.

In addition, this role will support the analysis, determination, and reporting of reserves for Extra-Contractual Obligations (ECO) and Corporate-Level Unallocated Loss Expense (ULE).

The successful candidate will partner with reserving actuaries, claims professionals, data scientists, and business leaders to transform complex datasets into actionable insights, modern analytical tools, and next-generation reserving methodologies.

This position offers a unique opportunity to influence the future of actuarial reserving by combining traditional actuarial expertise with cutting-edge AI and advanced analytics capabilities.

Key Responsibilities:

• Support the quarterly process of determining the appropriate amount of IBNR to be booked across assigned reserving segments, including Extra-Contractual Obligations (ECO) and Corporate-Level Unallocated Loss Expense (ULE).
• Analyze information to determine, document, and communicate the adequacy of loss and loss expense reserves.
• Develop and apply advanced analytics, predictive modeling, and AI-based tools to identify and quantify key drivers of claims outcomes, improve reserve estimates, and generate business insights into loss development behavior.
• Research, develop, and enhance reserving methodologies and models to improve reserve accuracy and support actuarial transformation initiatives.
• Analyze and monitor loss development trends, claims emergence patterns, and relevant industry, regulatory, and operational changes, and effectively communicate findings to management.
• Assist with quarterly financial and regulatory reporting (quarter close) and provide data and exhibits for annual statement reporting, including ECO and ULE reporting requirements.
• Collaborate with Claims, Finance, Pricing, Data Science, and Technology teams to improve data quality, streamline processes, and achieve reserving modernization objectives.
• Work effectively both independently and as part of a team to achieve the organization's financial, strategic, and operational objectives.

Qualifications:

• BS in Actuarial Science, Mathematics, Statistics, or related area
• ACAS or FCAS
• 4 or more years of experience in reserving and/or pricing
• Strong analytical and problem-solving skills
• Work well both independently and as part of a team
• Proficiency in Excel, SQL, SAS, Python, R, or other programming languages preferred
• Strong business and collaboration skills and responsive to service needs and operational demands
• Effective time management skill
• Strong communication, presentation, and interpersonal skills
• Strong work ethic

For positions based in New York and Connecticut, the base salary range is $105,000-$130,000. The position is eligible for a bonus in accordance with the terms of the applicable incentive plan. Your actual compensation will be dependent on your skills, experience, and qualifications.  In addition, we’re proud to offer a range of competitive benefits, a summary of which can be viewed here US Benefits

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 candidatecare@aig.com.  

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