Actuary & AVP - Retail and Canada Property Pricing

AIG • Boston, MA

144d • $175,000 - $215,000

About The Position

At AIG, we are reimagining the way we help customers to manage risk. Join us as a Actuary & Assistant Vice President - Retail and Canada 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, with the capacity to enforce accountability and foster a culture of collaboration, diversity, and inclusion.
• Exceptional communication skills, including the ability to develop and present clear and concise analysis and recommendations to senior management.
• Ability to dive into technical details, connect the dots while thinking strategically, and serve as a strong thought partner to cross-functional leaders.
• Willingness to continuously learn and adapt in a dynamic and fast-changing 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 Retail Property pricing team and partner with the business and support teams on strategy, risk selection, pricing, and portfolio construction.
• Partner with other pricing actuaries to implement best practices analytical techniques and incorporate results into pricing.
• Be accountable for the Retail & Canada Property results and develop and execute on strategic actions based on actuarial analysis.
• Work closely with underwriting to develop pricing and underwriting strategies and identify opportunities for profitable growth.
• Supervise the review of the parameters in the pricing systems and manage projects to improve the 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.
• Ensure alignment of tools, reporting metrics and goals with other property teams.
• Lead components of efforts to transform the actuarial data, tools, and broader capabilities.
• Organize training and support for pricing tools and strategies for underwriters.
• Monitor trends, industry dynamics, and communicate impact to underwriters and actuarial management.
• Ensure timely and professional management of all pricing and actuarial requests.

Benefits

• Base salary range of $175,000-$215,000.
• Eligible for a bonus in accordance with the terms of the applicable incentive plan.
• Comprehensive benefits package focused on health, wellbeing, and financial security.
• Professional development opportunities.

What This Job Offers

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