Actuary & Director - PCS

AIG Insurance•Boston, NY

32d•$146,000 - $204,000•Onsite

About The Position

We are seeking a dynamic actuary to manage and own the manage the filings review process for our High-Net-Worth Personal Lines Program. You will also be involved in ad-hoc pricing projects as it relates to strategy and remediation. This is a highly collaborative and visible role in which you will work with key stakeholders across multiple functions throughout the organization. Given the financial planning and monitoring nature of the work your work will directly influence senior leadership business decisions around portfolio growth, profitability and strategy. We are looking for someone with an entrepreneurial mindset that not only wants to further their technical skills but also their business acumen. Candidate must have skills to work within a team while contributing directly in select areas as needed. Background in pricing, reserving and reinsurance is strongly preferred. Familiarity with personal lines & homeowners is a plus.

Requirements

The candidate should possess strong technical and business expertise with the ability to build sustainable, collaborative relationships, influence business stakeholders, and lead, motivate and gain commitment from key constituents.
Associate or Fellow of the Casualty Actuarial Society with 6+ years of actuarial experience in Personal Lines pricing
Experience across multiple Personal Lines products (Auto, Home, Umbrella, Yacht, Collections)
Experience with the Personal Lines filings process, including calls with the Departments of Insurance
Familiarity with CAT models and the modeling process
Experience with traditional (reinsurance) and non traditional transfer of risk vehicles.
Ability to interact with various levels of senior management, external clients, and external actuaries
Strong technical skills in Excel, SQL, and VBA
Exceptional communication skills, including ability to develop and present clear and concise analysis and recommendations to senior management
Willing and able to continuously learn and adapt in a dynamic and fast changing environment.
Ability to dive into technical and execution level details, do hands-on work, connect the dots while thinking strategically and serve as strong thought partner of cross functional leaders

Nice To Haves

Background in pricing, reserving and reinsurance is strongly preferred.
Familiarity with personal lines & homeowners is a plus.

Responsibilities

Act as the point of contact for all filings related review work prepared by our Program Administrator’s (PA) actuarial team. This will include base rate filings, form filings, and model/segmentation filings
Review and opine on proposed methodology and template changes by the PA actuarial team
Lead discussions regarding state indication review, including reconciliation of differing indications with the PA actuaries
Understanding of reinsurance and how to calculate cost of reinsurance for indication/filings work
Work with the PA to come up with remediation strategies for the products/states as needed
Build and maintain dashboards for key KPIs as it relates to topline/production and plan loss ratio tracking
Provide recommendations and insights on topline policy and premium drivers
Analyze proposed growth and remediation strategies and estimate impact to top and bottom-line results
Work with finance in providing the necessary information needed for quarterly close and P&L reports
Establish and maintain relationships with cross function teams (UW, Finance, Ceded Re, IT) to ensure we are collecting the appropriate and necessary data to make informed decisions
Direct process improvements weighting cost and benefit to reduce manual work efforts and improve efficiency and accuracy

Benefits

In addition, the position is eligible for a bonus in accordance with the terms of the applicable incentive plan.
In addition, we’re proud to offer a range of competitive benefits, a summary of which can be viewed here: 2025 Benefits Summary

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