Director-Actuarial

Company
AIG
Location
New York NY
Salary
DOE
Posted
February 22 2018
Industry
Insurance, Securities
Position
Actuary

Functional Area:


AC - Actuarial

Estimated Travel Percentage (%):

Relocation Provided:

National Union Fire Insurance Co of Pittsburgh, PA

The Director-Actuarial will be leading the WC portfolio pricing team and be responsible for monitoring profitability and loss ratio projections of AIG's WC portfolio in the US and WC related Defense Based Act business. Occasional business travel may be required. Research and develop advanced pricing techniques to be incorporated to continually improve the quality of the profitability studies - Directly manage and develop a team of actuarial analysts. Responsible for setting the team's priorities and ensuring that deadlines are met. Responsible for the analytical growth and help with the career development of the team. - Effectively communicate the results and implications of profitability studies to stakeholders including senior leadership. - Work closely with underwriting and senior leadership to develop pricing and underwriting strategies and identify pockets of profitable growth opportunities. - Monitor rate, exposure, retention, new, lost business changes. Monitor loss trends and relevant industry/regulatory changes and effectively communicate to management. - Work closely with Reserving actuaries to understand reserve development and inform them of pricing and underwriting actions that will impact reserve estimates. - Work with the Rate Filing team to ensure that appropriate rates are being filed and adopted for pricing purposes - Suggest algorithmic improvements to raters to improve the quality of pricing tools & models. - Create and monitor appropriate feedback loops between Underwriting, Pricing, Rate Filing and Reserving. - As required work on ad-hoc projects

Job Requirements:

• FCAS
• 10+ years of relevant actuarial experience in Casualty lines of business including Workers Compensation
• Proficiency in Excel, VBA and SAS/R
• Ability to work independently and as a team player
• Strong communication (oral and written), influencing skills and demonstrated ability to work across interdisciplinary teams
• Solid project management and organizational skills to work on multiple priorities, establish and meet deadlines - Strong analytical and problem solving skills. - Experience in predictive modeling is preferred

It has been and will continue to be the policy of American International Group, Inc., its subsidiaries and affiliates to be an Equal Opportunity Employer. We provide 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.



At AIG, we believe that diversity and inclusion are critical to our future and our mission - creating a foundation for a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives




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