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AIG
Jersey City, NJ, United States
17 hours ago
AIG
Jersey City, New Jersey, United States
17 hours ago

Description

The Institutional Markets - Pension team is one of the top writers of pension risk transfer transactions in the US. As our business continues to grow, the pension team is looking to hire a professional with actuarial or defined benefit pension plan expertise. Suitable candidates may have a background working as an actuary, a pension consultant, a pension administrator, or a paralegal with experience in pension benefit provisions, who may transfer their pension knowledge into working in an insurance company.

Depending on the candidate's background, the successful candidate will perform multiple duties: (1) underwrite, assess pension risks, perform actuarial calculations, and assemble proposals to support the Head of Domestic PRT in New Jersey in technical aspects; (2) act as internal project manager to support the Head of Domestic PRT in New Jersey in all technical aspects of onboarding of new business across internal functions; (3) act as pension expert to support call center through managing defined benefit pension plan's benefit calculations, modeling, and testing; (4) act as pension expert in drafting and reviewing defined benefit pension provisions in contracts from the actuarial modeling and benefit administration perspectives before documents are utilized by call center, are delivered to individuals or are filed with state regulators; and/or (5) lead inforce governance and special projects assisting internal functions.

You Will:
  • Explain technical actuarial and/or pension topics to Head of Domestic PRT in New Jersey and to other internal functions
  • Be viewed as the defined benefit pension plan expert within the company
  • Assess pension risks, calculate premiums, and customized contract terms affecting premiums or operations
  • Guide onboarding and lead cross function collaboration
  • Implement governance, controls, process, and procedures
  • Review actuarial calculations and actuarial methodology in a controlled environment
  • Execute actuarial model risk management framework including model development and testing
  • Apply technical expertise to support Operations and Valuation teams and ensure successful implementation of new business leading to accurate and reliable financial reporting
  • Think creatively and exercise sound judgment in leading projects


The Ideal Candidate Will Have:
  • Defined benefit pension plan experience
  • Ability to interpret and implement complex pension plan benefit provisions as well as drafting of these documents
  • At least one of Pricing, Valuation, Actuarial Modeling, Pension Administration or Contract experience
  • Pension benefit calculation modeling, testing, or production experience
  • Project management experience
  • Self-Starter who is comfortable dealing with both complexity and ambiguity, with ability to explore multiple solutions to a problem
  • Awareness of governance best practice and controls required
  • Competence in using Microsoft Office programs; familiarity with VBA coding a plus
  • Ability to work and thrive in a dynamic team environment, possess excellent interpersonal, written and oral communication skills and having a comfort with explaining complex materials in a clear, focused, and concise manner
  • Bachelors degree in Actuarial Science, Mathematics, Statistics, or related field
  • Pursue one of the Society of Actuaries, the Enrolled Actuaries, or the American Society of Pension Professionals & Actuaries certification


This position is located in Jersey City, NJ, Houston, TX, Wilton, CT or Wilmington, DE will also be considered.

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: 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 candidatecare@aig.com . Reasonable accommodations will be determined on a case-by-case basis.

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 in accordance with applicable law.

Functional Area:
UW - Underwriting

Estimated Travel Percentage (%): No Travel

Relocation Provided: No

American General Life Insurance Company
Requisition #: JR2203021

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Job Information

  • Job ID: 63372052
  • Location:
    Jersey City, New Jersey, United States
  • Position Title: Pension (Risk Transfer) Actuary – Administrator
  • Company Name For Job: AIG
  • Job Type: Full-Time
Insurance
NA , US

AIG traces its roots back 90 years when an American entrepreneur named C.V. Starr founded AIG’s earliest predecessor company in Shanghai. What began as a small insurance business grew to become one of the world’s largest companies. By the end of 2007 AIG had assets of approximately $1 trillion, $110 billion in annual revenues, 74 million customers and 116,000 employees in 130 countries and jurisdictions. Yet, less than a year later, AIG found itself on the brink of failure and in need of emergency government assistance.

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