Actuary & Director - PCS

About the role

Join us as a AActuary & Director - PCS to take on key responsibilities within a world-class actuarial function. Make your mark in the Actuarial Team As an actuary at AIG, you will be challenged and encouraged to reach your greatest potential. Every day will bring new opportunities to stretch your analytical and problem-solving skills as you improve how we predict and mitigate risk.

Responsibilities

• Act as the point of contact for all filings related review work prepared by our Program Administrator's (PA) actuarial team. This will include base rate filings, form filings, and model/segmentation filings.
• Review and opine on proposed methodology and template changes by the PA actuarial team.
• Lead discussions regarding state indication review, including reconciliation of differing indications with the PA actuaries.
• Understand and work with reinsurance and how to calculate cost of reinsurance for indication/filings work.
• Work with the PA to come up with remediation strategies for the products/states as needed.
• Build and maintain dashboards for key KPIs as it relates to topline/production and plan loss ratio tracking.
• Provide recommendations and insights on topline policy and premium drivers.
• Analyze proposed growth and remediation strategies and estimate impact to top and bottom-line results.
• Work with finance in providing the necessary information needed for quarterly close and P&L reports.
• Establish and maintain relationships with cross function teams (UW, Finance, Ceded Re, IT) to ensure we are collecting the appropriate and necessary data to make informed decisions.
• Direct process improvements weighting cost and benefit to reduce manual work efforts and improve efficiency and accuracy.

Requirements

Background in pricing, reserving and reinsurance is strongly preferred. Familiarity with personal lines & homeowners is a plus.

Qualifications

• Associate or Fellow of the Casualty Actuarial Society with 6+ years of actuarial experience in Personal Lines pricing.
• Experience across multiple Personal Lines products (Auto, Home, Umbrella, Yacht, Collections).
• Experience with the Personal Lines filings process, including calls with the Departments of Insurance.
• Familiarity with CAT models and the modeling process.
• Experience with traditional (reinsurance) and non traditional transfer of risk vehicles.
• Ability to interact with various levels of senior management, external clients, and external actuaries.
• Strong technical skills in Excel, SQL, and VBA.
• Exceptional communication skills, including ability to develop and present clear and concise analysis and recommendations to senior management.
• 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.

Skills

• Technical and business expertise.
• Collaborative and visible role.
• Entrepreneurial mindset.
• Business acumen.

Benefits

• Base salary range for positions based in New York: $159,000-$204,000.
• Base salary range for positions based in New Jersey: $152,000-$196,000.
• Base salary range for positions based in Illinois: $146,000-187,000.
• Eligible for a bonus in accordance with the terms of the applicable incentive plan.
• Comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health, wellbeing and financial security—as well as your professional development.

Pay

• Base salary range for positions based in New York: $159,000-$204,000.
• Base salary range for positions based in New Jersey: $152,000-$196,000.
• Base salary range for positions based in Illinois: $146,000-187,000.

Schedule

• Primarily in the office.