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AIG · 5 months ago

Senior Actuary Analyst

MA-Boston

Full-time

Onsite

Mid, Senior Level

$83K/yr - $148K/yr

7+ years exp

AIG is a global leader in commercial and personal insurance solutions, and they are seeking a Senior Actuary Analyst to assist with monitoring portfolio performance for the Lexington Contract Bind business. The role involves collaborating with underwriting to implement strategic rate changes, producing profitability studies, and developing strong relationships with various teams to improve risk management and profitability.

BankingFinancial ServicesInsurance

Responsibilities

Support the Commercial Contact Bind Underwriting Team which writes small commercial property, liability, garage, and excess

Produce profitability studies and effectively communicate results to UW

Work closely with underwriting to develop pricing and underwriting strategies and identify pockets of profitable growth opportunities

Work closely with programming to implement rate changes

Continue to build out monitoring reports that provide UW with an understanding of the book of business

Support finance and UW during the annual planning process

Estimate, review, and evaluate the monthly Actual versus expected at a pricing segment level

Monitor loss trends, relevant industry, and regulatory changes and effectively communicate to management impacts on business

Review underwriting actions impacting loss ratios to assess impact on current and future performance and collaborate with underwriting to identify future underwriting actions

Train junior staff

Qualification

ACASFCASActuarial SciencePricing experienceExcelSQLPythonRAnalytical skillsProblem-solving skillsCommunication skillsInterpersonal skillsTime managementTeam collaborationCustomer focus

Required

BS in Actuarial Science, Mathematics, Statistics, or related area

ACAS or FCAS

7 years or more experience, pricing experience preferred

Strong analytical and problem-solving skills

Work well both independently and as part of a team

Strong business and collaboration skills and responsive to service needs and operational demands

Effective time management skills

Excellent communication, presentation, and interpersonal skills

Customer focus

Preferred

Proficiency in Excel, SQL, Python, R, or other programming languages

Benefits

A comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health, wellbeing and financial security—as well as your professional development