
Actuary – US Programs
AIG
full-time
Posted on:
Location Type: Office
Location: New York City • Illinois • Massachusetts • United States
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Salary
💰 $140,000 - $175,000 per year
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