Job Description

Assistant Actuary

Position can be based in Houston, New Jersey or Woodland Hills, CA

Who we are

American International Group, Inc. (AIG) is a leading global insurance organization. Building on 100 years of experience, today AIG member companies provide a wide range of property casualty insurance, life insurance, retirement solutions, and other financial services to customers in more than 80 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security.

As an Assistant Actuary you will be part of our Actuarial Development Program where you begin as a student that will rotate into various positions throughout the actuarial departments in order to gain a wide range of knowledge and experiences that can be leveraged throughout the Actuarys career. Although not every rotation path is the same for every student, common roles often include, but are not limited to, Valuation, Product Development, Asset-Liability Management, and Experience Analysis.

Get to know the business

Imagine being able to balance between focusing on pursuing your actuarial designations while gaining hands-on experience to build and enhance your actuarial career. As a member of the Life & Retirement Actuarial Development Program (ADP), you get to rotate in various positions throughout the actuarial departments to gain a wide range of knowledge and experiences that can be leveraged throughout your career. Our program not only provides a full spectrum support for its members to pursue and support your path to professional actuarial designations, but ultimately to develop you as a future leader for AIG.

About the role

This exciting role will be a pivotal part of the Reinsurance Financial Reporting team. The candidate will help drive the implementation of the Long Duration Targeted Improvements (LDTI) for the US Life Reinsurance team. The candidate will also participate in monthly, quarterly, and annual financial reporting responsibilities on a GAAP, Stat and Tax basis. The work will include:

* Implementing and reviewing modeling initiatives, and preparing analysis of results for management
* Research and development of open LDTI methodological questions
* Work with other teams, including actuaries, IT, accountants, and consultants, to build a first-class and efficient model and modeling process
* Periodic financial reporting, including calculating reserves and producing analysis for management
* Responding to audit questions as needed
* Improve and document controls at all levels
* Ad-hoc reinsurance projects

We want to hear from you today if you are looking to:

* Further your actuarial career and work as part of team as you prepare to become an FSA in the Society of Actuaries
* Be part of an organization that offers various actuarially opportunities, from very technically roles to roles focused on leading teams of talented associates in driving value to AIG and its customer
* Be part of an organization that is committed to your on-going development, including offering various educational opportunities.

What we are looking for

* Bachelors degree in Actuarial Science, Mathematics, Statistics, Economics, Finance, or other quantitative field.
* 5+ years of progressively more responsible actuarial experience with Life & Retirement Insurance products, with a focus on Traditional Life.
* Associate of the Society of Actuaries with goal of attaining FSA designation
* Background in Financial Reporting and LDTI a plus.
* Highly detailed oriented with strong analytical problem solving skills.
* Excellent verbal and written communication skills.
* Ability to work independently and within a team.
* Advanced knowledge of MS Office, especially Excel.
* Basic programming skill in SAS, Visual Basic, SQL, or C++ is required.
* Experience with modeling software is a plus.

What our employees like most about working for AIG

* We care about your professional development. Our career progression program will provide you with the opportunity to develop your skills, strengthen your productivity and be eligible to progressively advance to positions with an increased responsibility and increased compensation.
* Our Giving Back policy is at the core of our daily operations and guides our future progress. Dont believe us? We put our money where our mouth is! AIG, will give you up to 16 hours a year paid time off to volunteer in the community. AIG will also double your charitable donations up to $5000!
* Our people are our most important asset therefore we provide a generous benefits plan and competitive pay. Benefit package includes:
* Paid Time Off (AIG recognizes the importance of work life balance). We offer 24 PTO days to start. YES, 24! Plus, 9 paid holidays per calendar year.
* A 401(k) Retirement Plan which will be HARD TO BEAT. Our 401K - $1 for $1 match up to 6% with immediate vesting, plus AIG automatically contributes an additional 3% in to your 401K regardless of if you enroll or not.

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.

To learn more please visit: https://www.aig.com/about-us/diversity-equity-and-inclusion

AIG is committed to working with and providing reasonable accommodations to job applicants and employees with physical or mental disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to complete any part of the application or hiring process, please send an email to candidatecare@aig.com. Reasonable accommodations will be determined on a case-by-case basis.

Functional Area:

AC - Actuarial

Estimated Travel Percentage (%): No Travel

Relocation Provided: No

American General Life Insurance Company