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Pricing Actuary (Property & SME LAC)

Job Description:

  • Portfolio Analysis
    • Conduct profit study/country planner/budget
    • Perform deep dives to support underwriters in investigating components of their portfolio
  • Monitoring
    • Monitor rate, rate adequacy, and exposure
    • Analyze profiles such as deductibles, limits, line sizes, etc.
    • Use AvE to leverage existing reserving work but build up pricing AvE (template exists in EMEA/UK)
    • Analyze claims to spot trends
    • Work closely with underwriting management to identify profitable new business and growth opportunities
  • Rater/Pricing
    • Support Property underwriters to understand how their technical premium has been built up in GLMS – Modelled Cat, non-modelled Cat, non-Cat
    • Work as part of the global team to calibrate and validate base rates and modifiers in the Property rater
    • Update LAC pricing models for Package/SME
  • Others
    • Support requests for data as required for different regional/international/global initiatives
    • Feed into risk and other discussions that assess the impacts LAC Property/Package business
    • Work with regional cat teams to understand the drivers of cat pricing and how these impact technical premiums

Technical Skills and Expertise:

  • Ability to communicate actuarial concepts to non-specialists
  • Candidates with Property/SME product experience strongly preferred
  • Candidates with CAT modeling understanding preferred
  • Proven proficiency in actuarial pricing concepts/methodologies
  • Actuarial degree
  • Strong analytical and problem-solving skills
  • Work well both independently and as part of a team
  • Expertise in Excel, VBA, SAS, R, Python, or other programming languages
  • Strong business and collaboration skills, and responsive to service needs and operational demands
  • Excellent communication, presentation, and interpersonal skills
  • English and Spanish speaker

About the Company:

American International Group, Inc., its subsidiaries and affiliates are committed to being an Equal Opportunity Employer. We provide equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability, or any other legally protected categories such as sexual orientation.

At AIG, we believe that diversity and inclusion are critical to our future and our mission – creating a foundation for a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals but also truly valued for their unique perspectives.

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⛔️ AIG are no longer taking applications for this job.

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