Associate Actuary
AIG
Hamilton, ON
Functional Area:
AC - Actuarial
Estimated Travel Percentage (%): No Travel
Relocation Provided: Yes
Fortitude Group Services, Inc
Our Organization

Fortitude Re: In 2016, AIG created a third reporting segment, Legacy, to manage non-core assets and
liabilities, and businesses in run-off, with the objective of balancing the benefits of return of capital or
capital redeployment, with potential near-term reductions in book value. The launch of the Fortitude Re
entity in 2017 was an important early step in achieving that objective. AIG continued the Fortitude Re
strategy by announcing a strategic partnership with The Carlyle Group to achieve the long-term vision for
Fortitude Re. Fortitude Re currently reinsures $36 billion of AIG’s Legacy Life and Annuity and General
Insurance liabilities. Fortitude Re’s diversified risk portfolio, strong claims operation, and efficient
administration capabilities provide the foundation for a platform that can be scaled over time to offer
unique solutions to external parties. AIG and Carlyle plan to build Fortitude Re into a standalone platform
with financial strength that complements its strategically differentiated capabilities. For more information,
please visit http://www.aig.com/investor-relations

The Position

The Associate Actuary will be a key member of the Fortitude Re Actuarial Team and will provide support for the Data and Model Audit Function.
This is a new position that involves support of the following:

Developing and executing a quarterly process to provide an ongoing validation of the data and AXIS financial reporting models
Ensuring the sample sets of policies tested adequately cover the material risks and business profile of the company
Verifying accuracy of source data by conducting audits of the cedent administration systems and testing any data transformations performed by the company
Verifying accuracy of model output cashflows and reserves by utilizing testware
Providing an additional layer of check to the model change management process
Reporting data and model audit findings back to the data and model teams
Collaboration with other Fortitude Re functional teams and workstreams, as well as working directly with cedent data and actuarial teams
Candidate Profile

An undergraduate degree is required
5+ years of actuarial experience
Fellowship of the Society of Actuaries of Career ASA
Proficiency in Moody’s AXIS or other actuarial modeling software
Experience with data reporting from administration systems
Diverse knowledge of products including Life, A&H, and Annuities
Strong communication skills, both oral and written
Well organized with ability to manage concurrent deadlines and multiple priorities
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.