Actuary & AVP - Lexington Property Pricing

AIG • Boston, MA

117d • $199,000 - $260,000

About The Position

At AIG, we are reimagining the way we help customers to manage risk. Join us as a Actuary & Assistant Vice President - Lexington Property Pricing to take on key responsibilities within a world-class actuarial function. Make your mark in Actuarial Our Actuaries are on the front lines, quantifying risk, pricing insurance and reserving losses for AIG’s major insurance operating companies, globally. We collaborate with Finance, Claims, Operations, Marketing and Risk Management, among other functions. As an AIG actuary, you will be challenged and encouraged to reach your greatest potential to help improve how we predict, manage and mitigate risk.

Requirements

• Fellow of the Casualty Actuarial Society with at least 10 years of commercial lines actuarial experience, preferably with significant commercial property pricing experience.
• Experience leading a team and enforcing accountability while fostering a culture of collaboration, diversity, and inclusion.
• Exceptional communication skills to develop and present clear analysis and recommendations to senior management.
• Ability to dive into technical details while thinking strategically and serving as a thought partner to cross-functional leaders.
• Willingness to continuously learn and adapt in a dynamic environment.
• Comprehensive awareness of the business, regulatory environment, competitors, market cycle, technology, and legislative trends.
• Ability to take charge of situations and overcome resistance to change.

Responsibilities

• Lead the Lexington Property pricing team and partner with the business and support teams on strategy, risk selection, pricing, and portfolio construction.
• Collaborate with other pricing actuaries to implement best practices analytical techniques and with catastrophe modelers to incorporate results into pricing.
• Be accountable for the Lexington Property results and develop and execute strategic actions based on actuarial analysis focusing on profitability.
• Work closely with underwriting to develop pricing and underwriting strategies and identify opportunities for profitable growth.
• Supervise the review of pricing system parameters and manage projects to improve pricing systems.
• Coordinate pricing, planning, and accumulation management efforts with the cat modeling team.
• Develop analytical tools to help underwriters assess risks posed by insureds.
• Work closely with reserving actuaries to understand sources of reserve development.
• Provide recommendations on rating methodologies and tools to improve accuracy of technical pricing.
• Lead efforts to transform actuarial data, tools, and capabilities as part of a department-wide initiative.
• Organize training and support for pricing tools and strategies for underwriters.
• Monitor trends and communicate impacts to underwriters and actuarial management.

Benefits

• Competitive salary range based on location: $199,000-$260,000 in NYC, $190,000-$249,000 in NJ, $182,000-$239,000 in IL.
• Eligibility for a bonus in accordance with the terms of the applicable incentive plan.
• Comprehensive benefits package focused on health, wellbeing, financial security, and professional development.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: Bachelor's degree
• Number of Employees: 5,001-10,000 employees