Actuary (Excess Casualty)

Actuary - Excess Casualty

At AIG, we are reimagining the way we help customers manage risk. Join us as the Actuarial - Excess Casualty 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 be a key leader on the Retail Excess Casualty team. The Actuarial Associate Director’s main responsibility will be managing a portfolio of individual account pricing reviews while partnering with the business and support teams on strategy, risk selection, pricing, and portfolio construction.

They will also partner with other pricing actuaries in implementing best practices analytical techniques, catastrophe modelers to incorporate results into pricing, and reserving actuaries in assessing the impact of loss trends and claims emergence. The Actuarial Associate Director will report into the Head of Actuarial, Excess Casualty.

• Responsible for managing a portfolio of individual account pricing reviews for multiple lines of business within the US for AIG, including Excess General Liability and Excess Commercial Auto.
• Pricing responsibilities include communication of actuarial pricing to underwriters, clients, and brokers.
• Occasional business travel may be required.
• As an individual contributor and a manager, you will be expected to actively manage the deal pipeline with Underwriters while delivering within tight deadlines.
• Participate in peer reviews and impact analysis of default parameters within the pricing tools.
• Lead ad-hoc projects around different initiatives of our group.
• Communicate results of the projects to a variety of technical and non-technical audiences across the organization.
• Identify areas of improvement in current pricing tools and collaborate with other data/IT teams to champion and lead improvement.
• Leverage thought leadership and consulting skills to propose strategies that lead to improved profitability of the portfolio.
• Establish strong working relationships with management from underwriting and reserving.
• Work closely with underwriting to develop pricing and underwriting strategies and identify opportunities for profitable growth.
• Develop analytical tools to help underwriters assess the risks posed by insureds.
• Work closely with reserving actuaries to understand sources of reserve development.
• Provide recommendations to rating methodologies, parameters, and tools to improve accuracy of technical pricing.
• Organize training and support for pricing tools and strategies for underwriters.
• Monitor trends and relevant industry dynamics; effectively communicate impact to underwriters and actuarial management.
• Ensure that all pricing and other actuarial requests are managed and completed in a timely and professional manner.

What you’ll need to succeed

• Strong technical and business expertise with the ability to build sustainable, collaborative relationships.
• Bachelor's degree in Actuarial Science or related field.
• Associate of the Casualty Actuarial Society with 5+ years of commercial lines actuarial pricing experience.
• Exceptional communication skills, including the ability to develop and present clear analysis and recommendations.
• Ability to dive into technical details, do hands-on work, and think strategically.
• Willing and able to continuously learn and adapt in a dynamic environment.
• Comprehensive awareness of the business, regulatory environment, and market trends.
• Not afraid to take charge of a situation and can overcome resistance to change.
• Timeliness and attention to detail.

Ready to set new industry standards? We would love to hear from you.

Enjoy benefits that take care of what matters

At AIG, our people are our greatest asset. We know how important it is to protect and invest in what’s most important to you. That is why we created our Total Rewards Program, a comprehensive benefits package focused on your health, wellbeing, and financial security.

Reimagining insurance to make a bigger difference to the world

American International Group, Inc. (AIG) is a global leader in commercial and personal insurance solutions. It is an exciting time to join us — we are thinking in new and innovative ways to deliver better solutions to our customers.

Welcome to a culture of belonging

We’re committed to creating a culture that respects and celebrates each other’s talents, backgrounds, and goals. We foster a culture of inclusion and belonging through flexible work arrangements and diversity and inclusion learning.

AIG provides equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability, or any other legally protected categories.