AIG L& R Individual Retirement Product Development is seeking an Assistant Actuary for the Variable Annuity pricing team.
This position will report to AVP – Head of Variable Annuity, and will be based in Woodland Hills, CA (Preferred) or Houston, TX.
Qualified remote candidates will be highly considered.
Role and Responsibilities This role is focused on the pricing of variable annuity products to ensure the continued success and long term profitability of AIG’s L& R variable annuity line of business.
The main responsibilities include: Routinely re-optimize the pricing levers of existing products to balance margins and competitiveness.
Ensure pricing models are updated with up to date and accurate assumptions, and partner closely with financial teams to ensure assumptions remain relevant.
Explain nuanced pricing outcomes, especially as they differ across accounting frameworks (economic, statutory, GAAP).
Assist the model owner to define enhancements to and test the pricing model.
In order to accomplish this responsibility, partner closely with the model development.
Support the R& D process for new variable annuity products or features with thorough pricing analysis.
Monitor industry trends in variable annuity pricing and understand the competition.
Act as a subject matter expert for variable annuities for projects as assigned.
Position Requirements Preferred High proficiency in at least one actuarial pricing projection software, ideally Risk Agility FM.
Prior experience in annuity pricing (preferably variable annuities), product development or financial reporting.
Prior experience with hedging.
Required ASA designation in the Society of Actuaries 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.
To learn more please visit: https://www.Aig.Com/about-us/diversity-equity-and-inclusion 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 candidatecareaig.com.
Reasonable accommodations will be determined on a case-by-case basis.
We consider qualified applicants with criminal histories, consistent with applicable law.In order to work from or visit an AIG office, and in accordance with the terms and conditions of AIG’s COVID-19 vaccination policy, individuals hired into this position will be required to attest that they have been fully vaccinated and agree to have their vaccination status and proof of vaccination confidentially stored by AIG.
Exemptions may be considered on a case by case basis.Functional Area:AC Actuarial Estimated Travel Percentage (%): No Travel Relocation Provided: Yes American General Life Insurance Company