Actuary & Director - PCS

Actuary & Director - PCSAt AIG, we are reimagining the way we help customers to manage risk. Join us as a Actuary & Director - PCS to take on key responsibilities within a world-class actuarial function.Make your mark in the Actuarial TeamAs an actuary at AIG, you will be challenged and encouraged to reach your greatest potential. Every day will bring new opportunities to stretch your analytical and problem-solving skills as you improve how we predict and mitigate risk. Our actuaries are on the frontlines, quantifying risk, pricing insurance and reserving losses for AIG's major regulated and rated insurance operating companies globally.

Our actuaries support AIG's businesses and are responsible for technical pricing, product development analytics and performance measurement. They collaborate with Marketing, Operations and Financial Management.How you will create an impactWe are seeking a dynamic actuary to manage and own the manage the filings review process for our High-Net-Worth Personal Lines Program. You will also be involved in ad-hoc pricing projects as it relates to strategy and remediation. This is a highly collaborative and visible role in which you will work with key stakeholders across multiple functions throughout the organization.

Given the financial planning and monitoring nature of the work your work will directly influence senior leadership business decisions around portfolio growth, profitability and strategy. We are looking for someone with an entrepreneurial mindset that not only wants to further their technical skills but also their business acumen. Candidate must have skills to work within a team while contributing directly in select areas as needed. Background in pricing, reserving and reinsurance is strongly preferred.

Familiarity with personal lines & homeowners is a plus.What you need to knowAct 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 filingsReview and opine on proposed methodology and template changes by the PA actuarial teamLead discussions regarding state indication review, including reconciliation of differing indications with the PA actuariesUnderstanding of reinsurance and how to calculate cost of reinsurance for indication/filings workWork with the PA to come up with remediation strategies for the products/states as neededBuild and maintain dashboards for key KPIs as it relates to topline/production and plan loss ratio trackingProvide recommendations and insights on topline policy and premium driversAnalyze proposed growth and remediation strategies and estimate impact to top and bottom-line resultsWork with finance in providing the necessary information needed for quarterly close and P&L reportsEstablish 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 decisionsDirect process improvements weighting cost and benefit to reduce manual work efforts and improve efficiency and accuracyWhat we're looking forThe 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.Additional requirements include:Associate or Fellow of the Casualty Actuarial Society with 6+ years of actuarial experience in Personal Lines pricingExperience across multiple Personal Lines products (Auto, Home, Umbrella, Yacht, Collections)Experience with the Personal Lines filings process, including calls with the Departments of InsuranceFamiliarity with CAT models and the modeling processExperience with traditional (reinsurance) and non traditional transfer of risk vehicles.Ability to interact with various levels of senior management, external clients, and external actuariesStrong technical skills in Excel, SQL, and VBAExceptional communication skills, including ability to develop and present clear and concise analysis and recommendations to senior managementWilling 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 leadersFor positions based in New York, the base salary range is $159,000-$204,000, for positions based in New Jersey, the base salary range is $152,000-$196,000, for positions based in Illinois, the base salary range is $146,000-187,000. In addition, the position is eligible for a bonus in accordance with the terms of the applicable incentive plan. In addition, we're proud to offer a range of competitive benefits, a summary of which can be viewed here: US Benefits Overview