AIG

Actuary – US Programs

AIG

full-time

Posted on:

Location Type: Office

Location: New York CityIllinoisMassachusettsUnited States

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Salary

💰 $140,000 - $175,000 per year

Tech Stack

About the role

  • Lead rate studies and communicate results for the US Programs segments.
  • Identify areas to explore further to diagnose potential areas of concern and recommend remediation strategies
  • Perform due diligence analyses for prospective business and support onboarding for approved programs
  • Manage renewal process for large/national accounts
  • Support rate filings for admitted programs, collaborating with product development and general counsel
  • Work closely with underwriting business partners to review market trends, understand portfolio shifts, identify pockets of profitable business, and help management develop and quantify the impact of underwriting actions
  • Establish and manage relationships with MGA partners and actuaries
  • Understanding of reinsurance structures and the ability to calculate cost of reinsurance
  • Estimate, review, and evaluate actual monthly claim emergence against expectations
  • Support the annual planning process
  • Ensure model validation, SOX compliance and documentation standards are met

Requirements

  • BS in Actuarial Science, Mathematics, Statistics, or related area preferred
  • ACAS or FCAS credential
  • 6+ years Programs pricing experience or 6+ years of Treaty Reinsurance Pricing, or 8+ years of P&C pricing experience in multiple lines
  • Experience across a broad array of Commercial Lines, including: Property, Auto, General Liability, and Professional Liability
  • Familiarity with CAT models and the modeling process
  • Experience with traditional (reinsurance) and non-traditional transfer of risk vehicles (Lloyd’s Syndicate)
  • Experience in SQL and/or R highly preferred, Power BI or Tableau preferred
  • Strong relationship building skills, with the ability to influence others and drive a process to a conclusion while meeting critical deadlines are critical to success.
  • Ability to dive into technical and execution level details, do hands-on work, connect the dots while thinking strategically.
  • Work well both independently and as part of a team
  • Flexibility and effective time management skills
  • Excellent communication, presentation, and interpersonal skills.
Benefits
  • Competitive benefits package
  • US Benefits Overview
Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard Skills & Tools
rate studiesdue diligence analysesrenewal process managementmodel validationSOX compliancereinsurance cost calculationclaim emergence evaluationpricing experienceCAT modelsSQL
Soft Skills
relationship buildinginfluencetime managementcommunicationpresentationinterpersonal skillsstrategic thinkingindependenceteam collaborationflexibility
Certifications
BS in Actuarial ScienceACASFCAS