Actuarial Analyst

6 months ago

Toronto, Canada AIG Full time

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.

Get to know the business

General Insurance is a leading provider of insurance products and services for commercial and personal insurance customers. It includes one of the world’s most far-reaching property-casualty networks. General Insurance offers a broad range of products to customers through a diversified, multichannel distribution network.

About the role

AIG advises a range of companies – from technology startups to publicly traded, Fortune 500 in size on solutions to manage their global risk. In today’s ever more complex, interconnected, global world, the science of risk management is critical to achieving business objectives.

AIG views actuaries as the inventive force behind business profit evaluation and optimal reserving. They leverage big data so business leaders make more informed decisions. Among other projects, actuaries at AIG monitor key performance indicators, identify dynamic and changing trends, ensure compliance with the evolving legal landscape, and help ensure the long-term viability of AIG as an enterprise.

An excellent opportunity has arisen to join our Canadian Reserving team as a Actuarial Analyst providing support for actuarial reserving and financial reporting.

What you need to know:

  • Assist with analysis of the reserving segments.
  • Analyze data and other information to determine of 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.

What we’re looking for:

  • 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.

AIG Canada welcomes and encourages applications from people with disabilities. Accommodations are available on request for candidates taking part in all aspects of the selection process.

#LI-NT1

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 belonging

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 our flexible work arrangements, diversity and inclusion learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The diversity 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.

Functional Area:

AC - Actuarial

Estimated Travel Percentage (%): No Travel

Relocation Provided: No

AIG Insurance Company of Canada

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