BS in Actuarial Science, Mathematics, Statistics, or related area
Credentialed FCAS
10 years or more experience, Management Liability familiarity required
Experience in SQL & R/Python preferred
A thought leader, with an innate drive to continuously learn and innovate
Strong analytical and problem-solving skills
Work well managing and coaching others
Strong business and collaboration skills, demonstrated ability to influence business partners
Flexibility and effective time management skills
Excellent communication, presentation, and interpersonal skills
The base salary range for this position is $180,00-$225,000 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
Ready to set new industry standards? We would love to hear from you.
#LI-CM1 #Actuary #Actuarial #Pricing
At AIG, we value in-person collaboration as a vital part of our culture, which is why we ask our team members to be primarily in the office. This approach helps us work together effectively and create a supportive, connected environment for our team and clients alike.
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Additional Information
Actuary & AVP - Management Liability
At AIG, we are reimagining the way we help customers to manage risk. Join us as a Actuary & AVP - Management Liability 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 to lead the pricing function for the Management Liability segment within AIG's North America Financial Lines team. This is an exciting position focused on pricing, modelling, and advanced analytics for our Management Liability product lines, including D&O, EPL, Fiduciary, & Crime. The actuary will manage a team of individual contributors, overseeing the execution of dynamic work projects such as profitability studies, predictive modelling, planning support, and building out portfolio management & monitoring tools. The individual will be a trusted business partner, working closely with the underwriting and claims departments to ensure profitable performance and growth.
Perform and communicate the results of pricing studies for Management Liability product segments
Construct & maintain advanced models for various business functions such as pricing or claim trend monitoring
Work closely with underwriting business partners to review market trends, understand portfolio shifts, identify pockets of profitable business, monitor emerging issues, and help management develop and quantify the impact of underwriting actions
Maintain a robust command of public D&O / security class action trends & claim activity
Perform unique & innovative individual account rating analyses as needed
Help advance the broader Financial Lines team's ability to perform deeper analytics by proposing new ideas, trying new techniques, and leading innovative projects
Support the annual profit study & planning process
Support rate filings as needed
Lead a team of actuaries through coaching, mentoring, and project management
Aig · Chicago, IL