Actuarial Analyst

1 month ago

Toronto, Ontario, Canada AIG Full time
About the Role

AIG is seeking an experienced Actuarial Analyst to join our Canadian Reserving team. As a key member of our team, you will be responsible for analyzing data and information to determine loss and expense reserve adequacy using actuarial techniques.

Key Responsibilities:

  • Assist with analysis of the reserving segments.
  • Analyze data and other information to determine loss and expense reserve adequacy using actuarial techniques.
  • Oversee and prepare reserve study documentation; prepare information for financial statements.
  • Evaluate the appropriate IBNR to be booked each quarter, and prepare Sarbanes Oxley documentation.
  • Conduct research, experience studies and other more complex actuarial analysis; develop, review, and analyze changes and improvements to actuarial procedures. Optimize processes to meet business needs.
  • Assist in the production of local Canadian and Schedule P reports and exhibits for GAAP and Statutory financials.
  • Work with IT systems personnel to design new reports and data requirements. Check data for accuracy.
  • Communicate with pricing actuaries, underwriters, finance, claims, compliance, and legal departments.
  • Complete projects independently with limited supervision.

Requirements

To be successful in this role, you will need:

  • BS in Actuarial Science, Mathematics, Statistics, or related area.
  • Successful completion of 3 or more actuarial exams.
  • Minimum of 3 years or more actuarial experience in property casualty insurance. Reserving experience preferred.
  • Strong analytical, technical, time management and problem solving skills.
  • Takes initiative on projects and assignments; seeks alternative solutions.
  • Works well both independently and as part of a team.
  • Proficiency in Excel, Access, VBA, or other related skills.
  • Strong business and collaboration skills, and responsive to service needs and operational demands.
  • Effective time management skill. Capability to balance multiple projects with competing deadlines.

About AIG

AIG is a leading global insurance organization, providing a wide range of property casualty insurance, life insurance, retirement solutions, and other financial services to customers in over 80 countries and jurisdictions. We are committed to creating a culture of belonging and inclusion, and we welcome applications from people with disabilities. Accommodations are available on request for candidates taking part in all aspects of the selection process.

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