Job Description

Actuary & Director, Lexington Professional Lines At AIG, we are reimagining the way we help customers to manage risk. Join us as an Actuary & Director, Lexington Professional Lines 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 with industry expertise to lead the Lexington Professional Lines Actuarial Team consisting of pricing professionals aligned with the business. The Actuary & Director, Lexington Professional Lines will partner with the business and support teams on strategy, risk selection, pricing, and portfolio construction. The Actuary & Director, Lexington Professional Lines will report into the Head of Actuarial, Lexington. Be accountable for the Lexington Professional results and in partnership with the business develop and execute on strategic actions based on actuarial analysis focusing on profitability and organizational goals while anticipating business implications. Guide profitability studies and develop rate and retention recommendations at appropriate segment levels. Encourage advanced analytics capabilities for predictive modelling and segmentation analysis within the business. As part of the annual plan, develop initial plan loss ratio recommendations, quantify the impact of underwriting actions and change in business mix, and assist the business in executing on the business unit plan. Provide recommendations to rating methodologies, parameters and tools to improve accuracy of technical pricing reflecting latest market and economic conditions and product offerings. Organize proper training and support for pricing tools and strategies for underwriters. Provide oversight over individual account pricing and structure recommendations at the transactional level where appropriate. Research, compile, analyze and summarize key findings for special projects and/or reports. Develop, evaluate, monitor and encourage a consistent view of business metrics, parameters and data. Provide guidance on regulatory needs and rate filings support for any admitted products. Direct process improvements weighting cost and benefit to reduce manual work efforts and improve efficiency and accuracy. Manage data support where not maintained centrally and reinforce the importance of high-quality data. Drive a culture that promotes collaboration, diversity and inclusion. Attract and retain top industry talent and develop a high performing team. Support and make recommendations for a professional development strategic approach that provides broader actuarial and insurance exposure to the team. Think ahead and focus on longer term future exploring new technologies, techniques, and methodologies to maintain a high level of learning and to encourage curiosity. What you'll need to succeed The candidate should possess strong technical and business expertise with the ability to build sustainable, collaborative relationships, influence business stakeholders, and lead, motivate and gain commitment from key constituents. Additional requirements include: Fellow of the Casualty Actuarial Society with at least 10 years of actuarial experience, preferably in professional lines and multifunctional areas (pricing, reserving, data, analytics). Experience leading a team. Capacity to enforce accountability and learn the strengths and development opportunities of the team so as to put people in a position to succeed. Exceptional communication skills, including ability to develop and present clear and concise analysis and recommendations to senior management. Proven ability to dissect complex business issues, perform research and analysis, and synthesize conclusions into a value-maximizing strategy. Willing and able to continuously learn and adapt in a dynamic and fast changing environment. Ability to dive into technical and execution level details, do hands-on work, connect the dots while thinking strategically and serve as strong thought partner of cross functional leaders. Comprehensive awareness of the business, regulatory environment, competitors, market cycle, technology and legislative trends. Enjoys working hard and looks for challenges. Not afraid to take charge of a situation and can overcome resistance to change, taking unpopular stands when necessary. Timeliness and attention to detail. Opportunity can be located in Parsippany, NJ, Chicago, IL, Atlanta, GA, or Boston, MA Ready to set new industry standards? We would love to hear from you.

• LI-CM1 #Actuary #Actuarial #Pricing
• J-18808-Ljbffr AIG

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