Job Description

Head of Pricing - North America Accident & Health At AIG, we are reimagining the way we help customers to manage risk. Join us as an Actuary & Director, Lexington Professional Lines to take on key responsibilities within a world-class actuarial function. Make your mark in Actuarial Our Actuaries are on the front lines, quantifying risk, pricing insurance and reserving losses for AIG’s major insurance operating companies, globally. We collaborate with Finance, Claims, Operations, Marketing and Risk Management, among other functions. As an AIG actuary, you will be challenged and encouraged to reach your greatest potential to help improve how we predict, manage and mitigate risk. How you will create an impact We are seeking an actuarial professional with industry expertise to lead the North America A&H pricing team. The individual will partner with the business and support teams on strategy, risk selection, pricing, portfolio management and deliver a wide range of actuarial activities to support the businesses’ new and existing insurance products. Responsible for the success of the A&H pricing team in meeting their goals and objectives, including staff development and project prioritization. Be accountable for the A&H results and in partnership with the business develop and execute on strategic actions based on actuarial analysis focusing on profitability and organizational goals while anticipating business implications. Support new product development and strategic innovation initiatives through actuarial support, rate development, regulatory filings, and evaluation of deal structures. Develop actuarial memorandums, rating manuals and all actuarial requirements to support form filings and respond to regulatory objections, requests, and inquiries. Work closely with underwriting to develop pricing and underwriting strategies and identify pockets of opportunity for profitable growth as well as profitability-challenged areas. Analyze and Monitor experience, trends, and profitability of key accounts, portfolios, blocks of business and segments. Communicate findings and provide technical pricing indications and recommendations to achieve financial targets and regulatory compliance. Ensure that all pricing and other actuarial requests are managed and completed in a timely and professional manner, monitoring adherence to appropriate procedures and methodologies. Develop, enhance and maintain tools to help underwriters assess and price risks. Design and produce qualitative and quantitative business reports for effective KPI measurement and to identify business drivers and trends. Work closely with reserving actuaries to understand booked loss ratios, sources of reserve development and ensure appropriate recognition of pricing and underwriting actions impacting those estimates. Provide financial and actuarial inputs for annual budget planning process, captive management, reinsurance placement, statutory reporting and other internal and external reporting requests. Take part in and lead components of efforts to transform the actuarial data, tools, and broader capabilities as a part of a department-wide initiative focused on improved analytics and increased efficiencies. What you'll need to succeed The 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. Fellow of the Casualty Actuarial Society or Society of Actuaries with at least 10 years of actuarial experience, preferably with A&H pricing experience. Experience leading a team, with the capacity to enforce accountability and learn the strengths and development opportunities of the team to put people in a position to succeed while fostering a culture that promotes collaboration, diversity and inclusion. Exceptional communication skills, including ability to develop and present clear and concise analysis and recommendations to senior management. 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. Willing and able to continuously learn and adapt in a dynamic and fast changing environment. Comprehensive awareness of the business, regulatory environment, competitors, market cycle, technology and legislative trends. Not afraid to take charge of a situation and can overcome resistance to change, taking unpopular stands when necessary. Timeliness and attention to detail. Opportunity can be located in NYC, NY, Parsippany, NJ, Chicago, IL, Atlanta, GA, Philadelphia, PA ,or Boston, MA. The base salary range for this position is $175,000-$215,000 and 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. Ready to set new industry standards? We would love to hear from you.

• LI-CM1 #Actuary #Actuarial #Pricing
• J-18808-Ljbffr AIG

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