Actuary Job at AIG, Chicago, IL

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  • AIG
  • Chicago, IL

Job Description

Actuary & AVP - Management LiabilityAt AIG, we are reimagining the way we help customers to manage risk. Join us as a Actuary & AVP - Management Liability to take on key responsibilities within a world-class actuarial function.Make your mark in ActuarialOur 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 impactWe are seeking an actuarial professional to lead the pricing function for the Management Liability segment within AIG's North America Financial Lines team. This is an exciting position focused on pricing, modelling, and advanced analytics for our Management Liability product lines, including D&O, EPL, Fiduciary, & Crime. The actuary will 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. The individual will be a trusted business partner, working closely with the underwriting and claims departments to ensure profitable performance and growth.Perform and communicate the results of pricing studies for Management Liability product segmentsConstruct & maintain advanced models for various business functions such as pricing or claim trend monitoringWork 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 actionsMaintain a robust command of public D&O / security class action trends & claim activityPerform unique & innovative individual account rating analyses as neededHelp advance the broader Financial Lines team's ability to perform deeper analytics by proposing new ideas, trying new techniques, and leading innovative projectsSupport the annual profit study & planning processSupport rate filings as neededLead a team of actuaries through coaching, mentoring, and project managementWhat we are looking forBS in Actuarial Science, Mathematics, Statistics, or related areaCredentialed FCAS10 years or more experience, Management Liability familiarity requiredExperience in SQL & R/Python preferredA thought leader, with an innate drive to continuously learn and innovateStrong analytical and problem-solving skillsWork well managing and coaching othersStrong business and collaboration skills, demonstrated ability to influence business partnersFlexibility and effective time management skillsExcellent communication, presentation, and interpersonal skillsThe base salary range for this position is $180,000-$225,000 and the position is eligible for a bonus in accordance with the terms of the applicable incentive plan. In addition, we're proud to offer a range of competitive benefits, a summary of which can be viewed here: US Benefits OverviewReady to set new industry standards? We would love to hear from you.

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