Head of Pricing - Management Liability at AIG

New York, New York, United States

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

InsuranceIndustries

Requirements

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

Responsibilities

Lead the pricing function for the Management Liability segment within AIG’s North America Financial Lines team
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
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

Skills

Key technologies and capabilities for this role

Actuarial PricingPredictive ModelingAdvanced AnalyticsProfitability StudiesPortfolio ManagementUnderwriting AnalysisClaims Trend MonitoringD&O TrendsMarket Trends AnalysisPricing Models

Questions & Answers

Common questions about this position

What is the base salary range for this position?

This information is not specified in the job description.

Is this role remote or does it require office work?

This information is not specified in the job description.

What qualifications and skills are required for the Head of Pricing role?

Candidates need a BS in Actuarial Science, Mathematics, Statistics, or related area, credentialed FCAS, 10+ years of experience with Management Liability familiarity required, and experience in SQL & R/Python preferred. Key skills include strong analytical and problem-solving abilities, coaching and managing others, business collaboration, flexibility, time management, and excellent communication.

What is the team structure for this position?

The role involves leading a team of actuaries through coaching, mentoring, and project management, managing individual contributors on projects like profitability studies and predictive modeling.

What makes a strong candidate for this Head of Pricing position?

A strong candidate is a credentialed FCAS actuary with 10+ years of experience in Management Liability, technical skills in SQL/R/Python, and leadership abilities to coach a team while collaborating with underwriting and claims as a thought leader who innovates in analytics.

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

Benefits

Health, dental, & vision coverage

Flexible Spending Accounts (FSA)

401(k)

PTO

Commuter Expense Reimbursement Account

Risks

Sale of personal travel business may reduce AIG's market presence in travel insurance.

Expansion in Atlanta could pose financial risks if expected growth does not materialize.

Deconsolidation of Corebridge Financial might lead to loss of synergies and increased costs.

Differentiation

AIG offers a wide range of insurance products globally, serving diverse client needs.

Corebridge Financial, a subsidiary, enhances AIG's offerings in retirement planning and financial futures.

AIG emphasizes cybersecurity and data protection, ensuring clients' information remains secure.

Upsides

AI adoption in underwriting and claims processing enhances efficiency and reduces costs for AIG.

InsurTech partnerships offer AIG opportunities to enhance digital capabilities and drive innovation.

Telematics and usage-based insurance allow AIG to offer personalized and flexible products.

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