Associate Actuary - Private Client Group

Are you a highly analytical and detail-oriented individual with a passion for the insurance industry? Do you possess strong mathematical skills and a knack for problem-solving? If so, we have an exciting opportunity for you to join our team as an Associate Actuary in the Private Client Group at American International Group (AIG). In this role, you will have the opportunity to work with a dynamic team of professionals to provide actuarial support and analysis for our private client insurance products. We are looking for a driven and motivated individual with a strong understanding of actuarial principles and the ability to thrive in a fast-paced environment. If you are ready to take the next step in your actuarial career and make a meaningful impact in the insurance industry, we encourage you to apply for this position.

1. Conduct actuarial analysis to support the development, pricing, and profitability of private client insurance products.
2. Collaborate with cross-functional teams to gather and analyze data, identify trends, and make recommendations for product enhancements and pricing strategies.
3. Utilize advanced mathematical and statistical techniques to build and maintain actuarial models and perform risk assessments.
4. Stay up-to-date on industry trends and regulations to ensure compliance with applicable laws and regulations.
5. Prepare and present reports and presentations to senior management and stakeholders.
6. Conduct peer reviews and provide feedback on actuarial work performed by other team members.
7. Identify and implement process improvements to increase efficiency and accuracy in actuarial analyses.
8. Assist in developing and monitoring key performance indicators to track the success of private client insurance products.
9. Collaborate with underwriting teams to develop underwriting guidelines and ensure appropriate risk selection.
10. Mentor and train junior team members on actuarial principles and procedures.
11. Communicate actuarial findings and recommendations to non-technical stakeholders in a clear and concise manner.
12. Adhere to AIG's code of conduct and ethical standards in all actuarial activities.
13. Continuously seek opportunities for professional development and stay updated on industry changes and advancements.
14. Adhere to strict confidentiality guidelines when handling sensitive data and information.

According to JobzMall, the average salary range for a Associate Actuary - Private Client Group in Boston, MA, USA is $109,000 - $157,000 per year. However, this can vary depending on factors such as experience, qualifications, and the specific company or organization the individual is working for. Higher salaries may be offered by larger or more prestigious companies, while smaller or less well-known companies may offer lower salaries. Additionally, location can also play a role in determining salary, as cost of living and demand for actuaries can vary by location.

American International Group, Inc., also known as AIG, is an American multinational finance and insurance corporation with operations in more than 80 countries and jurisdictions.