About this opportunity
AIG lists this Associate Actuary - Retail Excess Casualty opportunity in parsippany, New Jersey. Review the employer’s description below for duties, qualifications and application requirements.
Job description
Associate Actuary - Retail Excess CasualtyAt AIG, we are reimagining the way we help customers to manage risk. Join us as an Associate Actuary – Retail Excess Casualty to take on key responsibilities within a world-class actuarial function.Make your mark in ActuarialOur 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 actuary with industry expertise to support the Pricing function within our Retail Excess Casualty segment. The position involves profitability analysis/ deep dive, rater development and maintenance, large accounts pricing review, monthly business KPI reporting, assisting with annual budget and setting portfolio strategy. Additional duties include quarterly earnings-related reporting, business AvE, diagnostics and large loss reporting. They will partner with other actuaries in implementing best practices, analytical techniques and assessing the impact of loss trends and claims emergence. Also, they will be responsible for one direct report.Collaborate with underwriting to develop pricing, underwriting strategies, identify pockets of profitable growth opportunities and future underwriting actions.Support the business review process and portfolio deep dives, which include reviewing underwriting actions impacting loss ratios to access impact on current and future performance.Ensure accuracy of quoting and rating systems by working with Underwriters.Ensure execution of rate level indications, portfolio profitability exercise and rate reviews within planned time frameCollaborate with data team to drive process improvement and achieve actuarial transformation goalsDevelopment and production of premium adequacy reports and budget loss ratio estimates for various segments.Perform peer review for actuarial work products.Communicate with and advise Retail Excess actuarial lead, underwriters, comptrollers, claims department.Work effectively as part of a team and train junior staff to achieve AIG's financial, strategic and operational objectivesWhat we are looking forBS in Actuarial Science, Mathematics, Statistics, or related areaACAS preferred or close+5 years or more experience in commercial casualty pricing preferredStrong analytical and problem-solving skillsWork well both independently and as part of a teamProficiency in Excel, SQL, SAS, Python, R, or other programming languages preferredStrong business and collaboration skills and responsive to service needs and operational demandsEffective time management skillsStrong communication, presentation, and interpersonal skillsThe base salary range for this position is $120,00-$150,000 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.
Worksite address
parsippany, NJ, 07054, US
Who can apply
Review the original listing for work authorization, qualifications and employer requirements.