Job Description

Position can be based in any AIG location to include New York, Berkeley Heights, NJ and Woodland Hills, CA

This position will report to the VP of Group Retirement (GR) Finance Actuarial and will be the lead actuary responsible for coordinating actuarial judgements for all pricing and in-force modeling needs for the GR business.

Key responsibilities of this position include:

* Define scope of analyses to be performed by both GR and Individual Retirement (IR) experience studies teams and prioritize in conjunction with pricing team and other model owners. Liaise with the experience studies team to ensure timely and relevant delivery of experience results to the model stakeholders

* Work with BU-specific resources across various actuarial functions (pricing, valuation, cash flow testing, experience studies) to identify considerations for setting assumptions, to develop the rationale for differences between models, and to recommend assumption changes for annual and ad hoc unlocking exercises and pricing model updates

* Enforce adherence to assumption setting standards, including the AIG Playbook and relevant actuarial standards of practice.

* Prepare actuarial memorandums documenting model assumptions to be used during the review and challenge process, and summaries for executive review

* Review implementation of assumption recommendations for consistency and reasonableness

* Maintain assumption inventory and promote consistency of assumptions by function and model type (DAC, Reserves / Hedging, ALM / IC, CFT, LDTI, etc.)

* Coordinate review and challenge with ERM, internal and external audit

* Perform role of Secretary, GR Pricing Committee

* Support the VP, GR Finance Actuarial on other projects as needed

Candidate Profile:

* Bachelors Degree and FSA with 3+ years of experience post FSA; or ASA with 7+ years of experience post ASA
* 5+ years of progressively more responsible actuarial experience
* 3+ years of actuarial modeling experience with specific experience in setting assumptions for annuity pricing and / or valuation models preferred
* Excellent analytical skills as well as written and oral communication skills
* Highly motivated, pragmatic and results-oriented
* Collaborative working style a must

It has been and will continue to be the policy of American International Group, Inc., its subsidiaries and affiliates to be an Equal Opportunity Employer. We provide 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.

At AIG, we believe that diversity and inclusion are critical to our future and our mission creating a foundation for a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives.

Functional Area:

AC - Actuarial

Estimated Travel Percentage (%): Up to 25%

Relocation Provided: Yes

American General Life Insurance Company