Mexico City

Part Qualified

Associate

Qualified

Senior Actuary

Investments

Health

Pensions

Property & Casualty

Reserving

Reporting

Risk

Modelling

Pricing

Consulting

Excel

DescriptionActuarial analysts develop financial projections, cost-benefit analysis, and insurance plan validation using statistical, modeling, and risk management strategies. The position is part of the North America Financial Actuarial Analysis (NA FAA) team, which provides risk assessment to companies located in the United States. They use analytical and research skills to identify the types of adverse situations to which a company is exposed. This includes assessing the possibility of these situations occurring, as well as the associated financial value.The role:<ul><li>Perform technical reviews by conducting and reviewing mathematical models and/or actuarial analysis.</li><li>Ensure that the service is reliable in accordance with quality standards, serving as a Peer Secondary Technical Reviewer.</li><li>Demonstrate understanding of the FAA service catalogue and knowledge in all aspects of employee benefit plan design, underwriting, financial concepts, and H&B tools.</li><li>Assertive stakeholder interaction.</li><li>Communication and close collaboration with international teams.</li><li>Secure simultaneous deliverables.</li><li>Exceptional quality service delivery within the agreed time per service.</li><li>Actively and efficiently collaborate on assigned projects.</li><li>Contribute consolidated ideas for focused improvements.</li><li>Innovation and creativity to achieve goals.</li></ul>QualificationsThe requirements:<ul><li>Analytical skills.</li><li>Mathematical skills.</li><li>Synthesis abilities.</li><li>Results-oriented mindset.</li><li>Intermediate Excel skills (database management).</li><li>Time management skills.</li><li>Statistics knowledge.</li><li>Oral and written English proficiency (B2 business).</li><li>Degree in Finance, Mathematics, Actuarial Science, or related fields.</li><li>Experience in the insurance or financial industry (4+ years).</li></ul>Inclusive job opportunity.

DescriptionThe Pricing Actuary will be dedicated to modeling and pricing renewal and new business policies for the Verita team. The Pricing Actuary will develop and use complex financial models in order to consistently deliver profitable results and sustain the long-term strategic direction of the team. This role reports into the Chief Actuary.The Role:<ul><li>Enhances, reviews, and monitors pricing models used throughout the group to ensure they reflect the highest standards and provide consistent indications across all lines of business.</li><li>Works integrally with the underwriting team on deals and participates in meetings with brokers and clients.</li><li>Prices complex programs as needed.</li><li>Drives pricing decisions based on advanced risk pricing tools and legal/macro trend analyses.</li><li>Liaises with Underwriting, Claims & Loss Control team and the Chief Actuary to ensure that pricing analysis reflects all relevant and applicable information.</li><li>Works closely with the Catastrophe Modelling team to price concentration accounts.</li><li>Assists pricing studies that monitor the profitability of products. The individual will have accountability for the gross/net profitability of lines of business and industry segments.</li><li>Monthly tracking/reporting on key actuarial metrics across all lines of business (Rate change, rate change trends, loss trends, etc.)</li><li>Handles numerous data and report requests relating to regulatory, rating agency, and financial reporting needs.</li><li>Communicates results, analysis, and recommendations in a manner that is understandable and allows management to make operational changes where necessary.</li><li>Assists with the production of actuarial reserve reports that comply with actuarial standards of practice.</li><li>Provides data and information to third-party actuaries and auditors and works with the Chief Actuary to respond to questions related to the information provided.</li><li>Provides subject matter and functional expertise to internal/external stakeholders for their assigned area of responsibility.</li><li>Develops/maintains key reports and dashboards to support proactive claims monitoring and loss control initiatives.</li><li>Works with Product teams to support underwriting initiatives.</li></ul>QualificationsThe requirements:<ul><li>Undergraduate or advanced degree preferred.</li><li>Must have a minimum of 5 years of actuarial experience.</li><li>A demonstrated track record of consistently exceeding performance expectations.</li><li>Strong analytical and problem-solving skills.</li><li>Well organized and able to meet deadlines.</li><li>Proficiency in Microsoft Office Suite (Excel, Word, and PowerPoint).</li><li>Excellent communication (both written and verbal) skills.</li><li>Comfortable working in a team setting or independently.</li></ul>Inclusive job opportunity.

Mexico Actuarial Pricing ManagerObjective:The primary objective of this role is to lead the actuarial pricing efforts for Mexico Personal Insurance (PI). This includes managing a team of pricing actuaries and closely collaborating with the Mexico Underwriting (UW) team. The role requires a deep understanding of business needs to prioritize pricing requests and conduct thorough pricing and portfolio analyses.These insights will be converted into actionable recommendations to support the UW team in enhancing profitability and achieving business growth targets.Key Responsibilities:<ul><li>Lead and oversee the Mexico PI pricing team, managing team members and prioritizing tasks.</li><li>Foster strong connections with internal stakeholders, including the Underwriting, Claims, Reserving, and Global Pricing teams.</li><li>Develop pricing models for new PI products and handle special business case analyses.</li><li>Conduct detailed portfolio analyses and provide actionable insights to the Underwriting team to inform decision-making and profitability strategies.</li><li>Perform Rate Level Indications, rate updates, and loss cost model updates.</li><li>Lead the Rebaseline and Budget LR processes for Mexico PI.</li><li>Collaborate with senior management, presenting findings and strategies related to pricing, portfolio performance, and risk management.</li><li>Drive continuous improvement initiatives across pricing practices, including data development, risk modeling, reporting, and other relevant processes.</li></ul>Reimagining insurance to make a bigger difference to the world:American International Group, Inc. (AIG) is a global leader in commercial and personal insurance solutions. We are one of the world’s most far-reaching property casualty networks. It is an exciting time to join us as we think in new and innovative ways to deliver better solutions to our customers.At AIG, you can go further to support individuals, businesses, and communities, helping them manage risk and respond to times of uncertainty.We invest in our largest asset, our people, through continuous learning and development, in a culture that celebrates everyone for who they are and what they want to become.Welcome to a culture of belonging:We’re committed to creating a culture that respects and celebrates each other’s talents, backgrounds, cultures, opinions, and goals. We foster a culture of inclusion and belonging through flexible work arrangements and diversity and inclusion learning.The diversity of our people is one of AIG’s greatest assets, and we are honored that our drive for positive change has been recognized by numerous awards and accreditations.AIG provides 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.AIG is committed to working with and providing reasonable accommodations to job applicants and employees with disabilities.Functional Area:AC - ActuarialAIG SEGUROS MEXICO S.A. DE C.V.

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