Senior Actuarial Assistant
AC - Actuarial
Estimated Travel Percentage (%): No Travel
Relocation Provided: No
National Union Fire Insurance Co of Pittsburgh, PA
-Analyze the profitability of the Casualty lines with a focus on Medical Malpractice - Work closely with underwriting to develop pricing and underwriting strategies and identify pockets of profitable growth opportunities. - Monitor loss trends and relevant industry/regulatory changes and effectively communicate these to management. Monitor rate, exposure, retention, new, lost business changes. - Assist in providing business solutions to maximize risk adjusted profit. Develop actuarial reports to help the business effectively manage existing portfolios. - Work closely with reserving actuaries to understand reserve development and inform them of pricing and underwriting actions that will impact reserve estimates. - Research, develops and review advanced pricing techniques including generalized linear models. - Develop granular profitability improvement strategies. - Work closely with the modeling team to develop tools which optimize price and risk selection.
- BS in Actuarial Science, Mathematics, Statistics, or related area. - 2 or more exams - 2 years or more years of experience in P&C insurance required with some experience in pricing preferred - Strong analytical and problem solving skills - Excellent communication, presentation, and interpersonal skills. - Work well both independently and as part of a team - Proficiency in Excel, Access, VBA, SAS, or other programming languages preferred. - Experience with advanced pricing techniques such as GLMs would be an advantage - Strong business acumen and collaboration skills. Responsive to service needs and operational demands - Effective time management skill
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