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AIG · 1 month ago

Actuary & Director - PCS

New York, NY

Full-time

Onsite

Mid, Senior Level

$159K/yr - $204K/yr

6+ years exp

American International Group, Inc. (AIG) is a leading global insurance organization seeking a dynamic actuary to manage the filings review process for their High-Net-Worth Personal Lines Program. The role involves collaborating with key stakeholders to influence senior leadership decisions around portfolio growth, profitability, and strategy, while also being responsible for technical pricing and product development analytics.

BankingFinancial ServicesInsurance

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

Qualification

Casualty Actuarial SocietyPersonal Lines pricingExcelSQLVBAReinsurance knowledgeCAT models familiarityCommunication skillsAnalytical skillsBusiness acumenTeam collaborationProblem-solving skills

Required

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