Actuary - US Programs

Actuary - US ProgramsAt AIG, we are reimagining the way we help customers to manage risk. Join us as an Actuary - US Programs 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 senior pricing actuary to support our growing US Programs business. The actuary will help elevate the technical capabilities of the underwriting team through dynamic work projects such as new program due diligence & onboarding, rate filings, rate studies, price monitoring, trend analyses, and building out portfolio management & steering and insight tools. The individual will be a trusted business partner, working with groups like underwriting and product development to understand account decision making and pricing practices to support Programs in ensuring profitable growth. This will also be a external/client facing role as the actuary will engage with MGA Underwriters and Actuaries. Our actuaries work closely with our MGA partners as well, providing insight and tool assistance as a value add for our business.What you need to knowLead rate studies and communicate results for the US Programs segments. Identify areas to explore further to diagnose potential areas of concern and recommend remediation strategiesPerform due diligence analyses for prospective business and support onboarding for approved programsManage renewal process for large/national accountsSupport rate filings for admitted programs, collaborating with product development and general counselWork closely with underwriting business partners to review market trends, understand portfolio shifts, identify pockets of profitable business, and help management develop and quantify the impact of underwriting actionsEstablish and manage relationships with MGA partners and actuariesUnderstanding of reinsurance structures and the ability to calculate cost of reinsuranceEstimate, review, and evaluate actual monthly claim emergence against expectationsSupport the annual planning processEnsure model validation, SOX compliance and documentation standards are metWhat we're looking forBS in Actuarial Science, Mathematics, Statistics, or related area preferredACAS or FCAS credential6+ years Programs pricing experience or 6+ years of Treaty Reinsurance Pricing, or 8+ years of P&C pricing experience in multiple linesExperience across a broad array of Commercial Lines, including: Property, Auto, General Liability, and Professional LiabilityFamiliarity with CAT models and the modeling processExperience with traditional (reinsurance) and non-traditional transfer of risk vehicles (Lloyd's Syndicate)Experience in SQL and/or R highly preferred, Power BI or Tableau preferredStrong relationship building skills, with the ability to influence others and drive a process to a conclusion while meeting critical deadlines are critical to success.Ability to dive into technical and execution level details, do hands-on work, connect the dots while thinking strategically.Work well both independently and as part of a teamFlexibility and effective time management skillsExcellent communication, presentation, and interpersonal skillsThe base salary range for this position is $140,000-$175,000 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, a summary of which can be viewed here: US Benefits Overview.