Assistant Actuary

---

Job description

AIG L&R Individual Retirement Pricing is seeking an Assistant Actuary within the R&D Pricing team. This position will report to the Director of R&D Pricing. The position will be based in Houston, TX, or Woodland Hills, CA, and qualified remote candidates may be considered on a case by case basis. Candidates meeting some but not all of the requirements may be hired at a level commensurate with their skills.

Roles and Responsibilities

This role is focused on the pricing of innovative annuity products, especially to support the continued growth of AIG L&R's index annuity line of business. The person in this role will also have the opportunity to work or collaborate on R&D for other annuity lines of business.

The main responsibilities include:

* Price fixed index annuity products, balancing profitability, marketability, and risk;
* Support R&D pricing through specification development, collaboration with model developers, and testing;
* Support the development of assumptions for newly developed products;
* Develop an understanding of regulations impacting annuity products and pricing;
* Represent pricing R&D with internal business partners as appropriate;
* Leverage pricing and product knowledge to support other areas as needed.

Candidate Profile

Required

* ASA designation in the Society of Actuaries (Demonstrated progress through actuarial exams may be acceptable for a commensurate role)
* A proven track record of performance in prior roles within the insurance industry
* Proven abilities in problem-solving and critical thinking
* Excellent oral and written communication skills
* Experience with actuarial models
* Ability to handle multiple projects and meet deadlines
* Strong customer service orientation for internal stakeholders
* Demonstrated technology skills, including knowledge of Microsoft Excel and, ideally, computer programming (VBA, C++).

Preferred

Candidates meeting some or all of the following criteria may be preferred over those who do not.

* Working knowledge of the annuity industry and relevant product lines
* Pricing experience
* Prior experience in annuity pricing or product development
* Prior experience with index annuity products
* Prior experience with hedging and/or reinsurance
* High proficiency in at least one actuarial pricing projection software, ideally Risk Agility FM.
* Postgraduate education in a quantitative discipline

We are an Equal Opportunity Employer

American International Group, Inc., its subsidiaries and affiliates are committed to be an Equal Opportunity Employer and its' policies and procedures reflect this commitment. 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 such as sexual orientation. 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.

To learn more please visit:

AIG is committed to working with and providing reasonable accommodations to job applicants and employees with physical or mental disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to complete any part of the application or hiring process, please send an email to . Reasonable accommodations will be determined on a case-by-case basis.

Functional Area:

AC - Actuarial

Estimated Travel Percentage (%): No Travel

Relocation Provided: Yes

American General Life Insurance Company