Actuary
Steadily$120,000 - $160,000/year
Full Time
Mid-level (3 to 4 years), Senior (5 to 8 years)
Not SpecifiedCompensation
Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level
Full TimeJob Type
UnknownVisa
InsuranceIndustries
Requirements
- Strong technical and business expertise
- Ability to build sustainable, collaborative relationships
- Industry expertise in actuarial field, particularly Retail and Canada Property pricing
Responsibilities
- Lead the Retail Property pricing team, including staff development and project prioritization
- Partner with business and support teams on strategy, risk selection, pricing, and portfolio construction
- Partner with other pricing actuaries to implement best practices analytical techniques
- Collaborate with catastrophe modelers to incorporate results into pricing and quantify portfolio risk
- Partner with reserving actuaries to assess impact of loss trends and claims emergence
- Be accountable for Retail & Canada Property results and develop/execute strategic actions based on actuarial analysis for profitability and organizational goals
- Work closely with underwriting to develop pricing and underwriting strategies, identify opportunities for profitable growth and profitability-challenged areas
- Supervise review of parameters in pricing systems, manage projects to improve pricing systems, and monitor underwriter adherence to pricing procedures
- Coordinate pricing, planning, and accumulation management with cat modeling team to ensure adequate risk-adjusted returns
- Develop analytical tools to help underwriters assess risks, aligning pricing framework across underwriting platforms and business classes
- Work with reserving actuaries to understand reserve development and ensure recognition of pricing/underwriting impacts; inform underwriters of trends
- Provide recommendations on rating methodologies, parameters, and tools to improve technical pricing accuracy
- Ensure alignment of tools, reporting metrics, and goals with other property teams for efficiency and consistency
- Take part in and lead components of actuarial data/tools transformation initiatives in a cloud-based environment
- Organize training and support for pricing tools and strategies for underwriters
- Monitor trends, industry dynamics, and catastrophe model enhancements; communicate impacts to underwriters and management
- Ensure all pricing and actuarial requests are managed timely and professionally, with adherence to procedures
Skills
Key technologies and capabilities for this role
Questions & Answers
Common questions about this position
What is the employment type for this Actuary & AVP position?
This is a full-time position.
Is this Actuary & AVP role remote or office-based?
This information is not specified in the job description.
What are the key responsibilities for this Actuary & AVP role?
The role involves leading the Retail Property pricing team, partnering with business and support teams on strategy, risk selection, pricing, and portfolio construction, supervising pricing system reviews, and developing analytical tools for underwriters.
What is the company culture like for actuaries at AIG?
Actuaries at AIG are on the front lines quantifying risk, pricing insurance, and reserving losses, collaborating with Finance, Claims, Operations, Marketing, and Risk Management, while being challenged to reach their greatest potential.
What makes a strong candidate for the Actuary & AVP - Retail and Canada Property Pricing role?
A strong candidate is an actuarial professional with industry expertise who can lead a pricing team, drive staff development, partner across functions like underwriting and cat modeling, and develop strategies for profitability and growth.
AIG
Global insurance provider for individuals and businesses
About AIG
AIG provides a variety of insurance products and services aimed at individuals, families, and businesses. Their offerings include life insurance, retirement planning, and commercial insurance, which help clients manage risk and protect their assets. AIG operates by underwriting insurance policies and managing risk, while also investing the premiums collected to generate income. This company stands out from competitors by not only focusing on traditional insurance but also emphasizing cybersecurity and data protection to keep clients' information safe. AIG's goal is to help clients achieve financial security and peace of mind through comprehensive insurance solutions.
New York City, New YorkHeadquarters
1919Year Founded
IPOCompany Stage
Cybersecurity, Financial ServicesIndustries
10,001+Employees