AC - Actuarial
Estimated Travel Percentage (%): No Travel
Relocation Provided: No
American General Life Insurance Company
The Actuarial Associate is a key member of the actuarial Experience Studies Team and is eligible for the overall AIG actuarial rotation program. The Experience Studies Actuaries are responsible for developing and maintaining experience studies in support of assumption setting, earnings explanation and business analysis for multiple product lines within AIG's Life and Retirement business. With customers including Valuation, Cash Flow Testing, Pricing, Enterprise Risk Management and the supported business leaders themselves, there are many requests to improve our assumptions and our assumption setting process and analysis of policyholder behavior and mortality.
This position is a will work supporting the Individual Retirement Fixed Annuity business unit. The individual will work with management, other actuarial students and data support teams in developing and supporting experience studies for fixed deferred annuities and payout annuity blocks. The job will include working directly with customers within and outside of actuarial, researching methodologies and techniques in external literature, and proposing and implementing approved studies within the Experience Studies unit. The student will learn important analysis and communication skills as they develop in their rotation through Experience Studies.
Projects will include: regular experience monitoring; development of automated reporting tools and dashboards; unlocking and cash flow testing support studies; pricing support; interest rate setting and business development support; and other analysis as requested by our clients.
Organization Structure and Interfaces
This position reports to the Associate Director of Experience Studies. This position works in a collaborative manner with the Experience Studies Actuaries and Data Support teams, Valuation Actuaries, Enterprise Risk Management, Finance, and the supported businesses within AIG. There is significant interaction with functional operations areas such as IT, operations, claims, Finance, Internal Audit, and other areas in various locations including Woodland Hills CA, and Nashville TN.
Key Performance Objectives
Work with Experience Studies team to develop, improve and document experience studies reports and analyses
Assist in preparation of both quarterly and annual monitoring and reports
Respond to stakeholder requests in a timely fashion
Work with data team in developing, improving and validating data warehousing tools for annuity data
Assist in development and maintenance of risk and stress factors as needed
Develop and improve methods for identifying and monitoring dynamic behavior on fixed annuity blocks
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.
American International Group