Actuary - Excess Casualty

Actuary - Excess Casualty

At AIG, we are reimagining the way we help customers to manage risk. Join us as the Actuarial - Excess Casualty 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.

How you will create an impact

We are seeking an actuarial professional with industry expertise to be a key leader on the Retail Excess Casualty team.  The Actuarial Associate Director’s main responsibility will be managing portfolio of individual account pricing reviews while partnering with the business and support teams on strategy, risk selection, pricing, and portfolio construction.  They will also partner with other pricing actuaries in implementing best practices analytical techniques, catastrophe modelers to incorporate results into pricing and quantify portfolio risk, and reserving actuaries in assessing the impact of loss trends and claims emergence.  The Actuarial Associate Director will report into the Head of Actuarial, Excess Casualty.

• Transactional actuarial associate director will be responsible for managing a portfolio of individual account pricing reviews for multiple lines of business within US for AIG. The lines of business will include Excess General liability and Excess Commercial auto, with some ancillary exposure to professional liability for primary, excess and umbrella coverages. Pricing responsibilities include communication of actuarial pricing to underwriters, clients and brokers. Occasional business travel may be required. As an individual contributor and a manager, you will be expected to actively manage the deal pipeline with Underwriters, while delivering within tight deadlines for yourself and the team. Participate in peer reviews and impact analysis of default parameters within the pricing tools Lead ad-hoc projects around different initiatives of our group. Communicate results of the projects to a variety of technical and non-technical audiences across the organization. Identify areas of improvement in current pricing tools and collaborate with other data/IT teams to champion & lead improvement and enhanced capture of metrics from the current tools. The candidate may be expected to use their programming skills as required. Leverage their thought leadership and consulting skills to propose strategies that lead to improved profitability of the portfolio Establish strong working relationship with management from UW & reserving; Partner with key internal business partners from a variety of functional areas to ensure the success of UW & pricing strategies.
• Responsible for the success of the Retail Excess Casualty team in meeting their goals and objectives, including staff development and project prioritization.
• Work closely with underwriting to develop pricing and underwriting strategies and identify pockets of opportunity for profitable growth as well as profitability-challenged areas.
• Develop analytical tools to help underwriters assess the risks posed by insureds, aligning the pricing framework across the different underwriting platforms and business classes written in Retail Excess Casualty operations.
• Work closely with reserving actuaries to understand sources of reserve development and ensure appropriate recognition of pricing and underwriting actions impacting those estimates.  Ensure underwriters are informed of and considering trends observed in analyses.
• Provide recommendations to rating methodologies, parameters and tools to improve accuracy of technical pricing reflecting latest market and economic conditions and product offerings.
• Organize proper training and support for pricing tools and strategies for underwriters.
• Monitor trends, relevant industry dynamics, & model enhancements; effectively communicate impact to underwriters and actuarial management.
• Ensure that all pricing and other actuarial requests are managed and completed in a timely and professional manner, monitoring adherence to appropriate procedures and methodologies.

What you’ll need to succeed

• 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.
• Bachelor's degree in Actuarial Science or related field.
• Associate of the Casu