American International Group, Inc.
The Assistant Actuary is a member of the Fixed Indexed Annuity Valuation Team. He or she plays a significant role in the running and maintenance of a key actuarial GAAP model and associated financial reporting.
1. The Fixed Indexed Annuity Valuation Team is responsible for the calculation of liability reserves on a GAAP, Statutory, and Tax basis. It is also responsible for the analysis and subsequent financial reporting of those reserves, as well as ad hoc projects and/or requests related to indexed annuity inforce business.
2. The Assistant Actuary will work with other actuaries, accountants, and compliance personnel throughout the company, as well as external and internal auditors.
3. Duties include:
* Monthly and Quarterly model execution and associated financial reporting
* Model maintenance and documentation
* Communication concerning assumption review
* Preparation and reconciliation of roll-forwards
* Various ad hoc projects
The ideal candidate will be highly motivated with a strong focus on attention to detail. Preference will be given to candidates with strong technical experience and a good understanding of insurance products.
* College degree
* Minimum of 2 actuarial exams
* Basic computer skills, including competence with Microsoft Excel
* Good written and verbal communication skills
* Good customer service skills
* Ability to manage multiple concurrent assignments
American International Group, Inc. (AIG) is a leading global insurance organization. Founded in 1919, today AIG member companies provide a wide range of property casualty insurance, life insurance, retirement products, 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. AIG common stock is listed on the New York Stock Exchange and the Tokyo Stock Exchange.
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Position Type: Full-Time Permanent
Years of Experience Required:
American International Group, Inc.
Website : http://www.aig.com
American International Group, Inc. provides insurance products and services for the commercial, institutional, and individual customers in the United States and internationally. The company operates in two segments: AIG Property Casualty, and AIG Life and Retirement. The AIG Property Casualty segment offers casualty insurance products that cover general liability, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance; industrial energy-related and commercial property insurance products, which cover exposures to man-made and natural disasters; aerospace, environmental, political risk, trade credit, surety and marine insurance products for small and medium sized enterprises; and various forms of professional liability insurance products. It also provides personal accidental and supplemental health products for individuals, employees, associations, and other organizations; and life products, as well as a range of travel insurance products and services for leisure and business travelers. This segment distributes its insurance products and services through brokers, agents, and direct marketing and partner organizations, as well as the Internet. The AIG Life and Retirement segment offers a suite of products and services to individuals and groups, including term life insurance, universal life insurance, accident and health insurance, fixed and variable group annuities, administrative and compliance services, mutual funds, and financial planning. This segment distributes its products through banks, broker-dealers, financial advisors, independent marketing organizations, insurance agents, structured settlement brokers, benefit consultants, and direct-to-consumer platforms. The company also provides private residential mortgage guaranty insurance and direct investment book services; and derivatives intermediary services. American International Group, Inc. was founded in 1919 and is based in New York, New York.