Philadelphia PA

Boston MA

New York NY

Princeton NJ

Atlanta GA

Los Angeles CA

Parsippany NJ

Part Qualified

Associate

Qualified

Property & Casualty

Reinsurance

Python

Data Science

Coding

Pricing

Excel

Power BI

Tableau

About the role:We are seeking a pricing actuary to support our growing US Programs business. The actuary will help elevate the technical capabilities of the underwriting team through dynamic work projects such as new program due diligence &amp; onboarding, rate filings, rate studies, price monitoring, trend analyses, and building out portfolio management &amp; steering and insight tools.The individual will be a trusted business partner, working with groups like underwriting and product development to understand account decision making and pricing practices to support Programs in ensuring profitable growth. Our actuaries work closely with our MGA partners as well, providing insight and tool assistance as a value add for our business.What you need to know:<ul><li>Lead rate studies and communicate results for the US Programs segments. Identify areas to explore further to diagnose potential areas of concern and recommend remediation strategies</li><li>Perform due diligence analyses for prospective business and support onboarding for approved programs</li><li>Support rate filings for admitted programs, collaborating with product development and general counsel</li><li>Work closely with underwriting business partners to review market trends, understand portfolio shifts, identify pockets of profitable business, and help management develop and quantify the impact of underwriting actions</li><li>Assist MGA partners in better understanding their own data capabilities. Build data “bridges”, performance monitoring, and rate tool support.</li><li>Help advance the team’s ability to perform deeper analytics such as ranges of reasonability, sensitivity testing, and optimal portfolio mix</li><li>Monitor loss trends and relevant industry/regulatory changes, and effectively communicate to management</li><li>Estimate, review, and evaluate actual monthly claim emergence against expectations</li><li>Support the annual planning process</li><li>Ensure model validation, SOX compliance and documentation standards are met</li></ul>What we’re looking for:<ul><li>BS in Actuarial Science, Mathematics, Statistics, or related area preferred</li><li>ACAS or FCAS credential</li><li>CPCU, RPLU, ARM or other insurance credentials preferred</li><li>7&#43; years’ experience, commercial lines required, with history of Programs or delegated underwriting highly preferred.</li><li>Experience across a broad array of Commercial Lines, including: Property, Auto, General Liability, and Professional Liability</li><li>Proficiency in Microsoft Office required</li><li>Experience in SQL and/or R highly preferred, Power BI or Tableau preferred</li><li>Strong relationship building skills, with the ability to influence others and drive a process to a conclusion while meeting critical deadlines are critical to success.</li><li>Ability to dive into technical and execution level details, do hands-on work, connect the dots while thinking strategically.</li><li>Work well both independently and as part of a team</li><li>Flexibility and effective time management skills</li><li>Excellent communication, presentation, and interpersonal skills</li></ul>Benefits:We&#39;re proud to offer a range of employee benefits and resources that help you protect what matters most - your health care, savings, financial protection and wellbeing. We provide a variety of leaves for personal, health, family and military needs. For example, our &#34;Giving Back&#34; program allows you to take up to 16 hours a year to volunteer in your community. Our global mental health and wellness days off provide all colleagues with a paid day off to focus on their mental health and wellbeing.We also believe in fostering our colleagues&#39; development and offer a range of learning opportunities for colleagues to hone their professional skills to position themselves for the next steps of their careers. We have a tuition reimbursement program for eligible colleagues to enhance their education, skills, and knowledge in areas that relate to their current position or future positions to which they may transfer or progress.About the company:American International Group, Inc. (AIG) is a leading global insurance organization. Building on 100 years of experience, today AIG member companies provide a wide range of property casualty insurance, life insurance, retirement solutions, and other financial services to customers in more than 80 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security.Equal Opportunity Employer:American International Group, Inc., its subsidiaries and affiliates are committed to be an Equal Opportunity Employer and its policies and procedures reflect this commitment. 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.

Who we areWho we are American International Group, Inc. (AIG) is a leading global insurance organization. AIG member companies provide a wide range of property casualty insurance in approximately 70 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets and manage risks. We’re also committed to making a positive difference for our colleagues and in the communities where we work and live. We encourage colleagues to give back to the causes they care most about, supporting these efforts through our Volunteer Time Off and Matching Grants Programs.Get to know the businessGeneral Insurance is a leading provider of insurance products and services for commercial and personal insurance customers. It includes one of the world’s most far-reaching property casualty networks. General Insurance offers a broad range of products to customers through a diversified, multichannel distribution network.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. Our Financial Actuaries are on the frontlines, quantifying risk, pricing insurance and reserving losses for AIG’s major regulated and rated insurance operating companies globally. Portfolio Analytics and Pricing Actuaries support AIG’s businesses and are responsible for technical pricing, product development analytics and performance measurement. They collaborate with Marketing, Operations and Financial Management. ​We are seeking an actuarial professional with industry expertise to assist with monitoring portfolio performance and advancing our analytics within AIG’s Lexington Contract Bind business.  The actuary will help elevate the technical capabilities of the team through dynamic work projects such as profitability studies, planning support, and building out portfolio management and monitoring tools.   They will partner with underwriters in assessing the impact of changes in appetite and portfolio mix and partner with claims staff to understand changes in claims handling &amp; trends in the judicial environment.Key Responsibilities:<ul><li>Perform and communicate the results of pricing studies of Contract Bind business segments.</li><li>Work closely with underwriting to develop pricing and underwriting strategies and identify pockets of profitable growth opportunities.</li><li>Review underwriting actions impacting loss ratios to assess impact on current and future performance and collaborate with underwriting to identify future underwriting actions.</li><li>Work closely with claims business partners to review claim trends, examine changes in the judicial environment, and quantify impact on loss ratios.</li><li>Work closely with programming to implement rate actions.</li><li>Support the planning process for Contact Bind.</li><li>Assist in the reserve review process.</li><li>Support the business review process and portfolio deep dives.</li><li>Supervise a junior level team member.</li></ul>Qualifications:<ul><li>BS in Actuarial Science, Mathematics, Statistics, or related area</li><li>ACAS or FCAS</li><li>5&#43; years Actuary experience; pricing experience required</li><li>Experience managing other actuaries required</li><li>Strong analytical and problem-solving skills</li><li>Work well both independently and as part of a team</li><li>Proficiency in Microsoft Office and SQL required; Experience in R will be helpful</li><li>Strong business and collaboration skills and responsive to service needs and operational demands</li><li>Effective time management skills</li><li>Excellent communication, presentation, and interpersonal skills</li><li>Customer focus</li></ul>Candidates must be willing to go into the AIG office at one of these locations: New Jersey | New York | Pennsylvania | GeorgiaFor positions based in NYC, the base salary range is $130,000--$162,000. In addition, the position is eligible for a bonus in accordance with the terms of the applicable incentive plan. We’re proud to offer a range of competitive benefits, a summary of which can be viewed here: AIG Benefits Overview.A look at our BenefitsWe&#39;re proud to offer a range of employee benefits and resources that help you protect what matters most - your health care, savings, financial protection and wellbeing. We provide a variety of leaves for personal, health, family and military needs. For example, our &#34;Giving Back&#34; program allows you to take up to 16 hours a year to volunteer in your community. Our global mental health and wellness days off provide all colleagues with a paid day off to focus on their mental health and wellbeing.We also believe in fostering our colleagues&#39; development and offer a range of learning opportunities for colleagues to hone their professional skills to position themselves for the next steps of their careers. We have a tuition reimbursement program for eligible colleagues to enhance their education, skills, and knowledge in areas that relate to their current position or future positions to which they may transfer or progress.We are an Equal Opportunity EmployerAmerican International Group, Inc., its subsidiaries and affiliates are committed to be an Equal Opportunity Employer and its policies and procedures reflect this commitment. 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.

Are you ready for a new challenge? We are looking for knowledgeable and skilled pricing actuaries to help drive the profitable growth of our Excess and Surplus products.Munich Re US recently launched a new insurance operations described as RSI) that unites the strengths and expertise of Munich Re’s specialty commercial teams in North America under a new management structure. This allows for the development of an overarching sales strategy through which the specialty risk appetite and offering of products that can be profitably optimized and expanded.As a member of Munich Re's US operations, we offer the financial strength and stability that comes with being part of the world's preeminent insurance and reinsurance brand. Our risk experts work together to assemble the right mix of products and services to help our clients stay competitive – from traditional reinsurance coverages, to niche and specialty reinsurance and insurance products.The Associate Actuary role will have a significant supporting role in the pricing and monitoring of the Excess and Surplus business.In this position you will:<ul><li>Support the launch of new products and expand the capabilities of existing products in property, casualty, professional liability, and specialty lines of business.</li><li>Develop and maintain pricing tools for account pricing and portfolio steering.</li><li>Prepare and complete pricing analyses, including the development of rates, ultimate loss projections and communication of results.</li><li>Participate in development and update of Actuarial models and databases through formula development, research on methodologies, and collaboration on technical teams.</li><li>Support for result monitoring, pricing and portfolio management projects that will assist underwriters and management in managing and steering business. Document and communicate assumptions, results, and alternatives to actuarial staff and internal clients.</li><li>Strong understanding and ability to discuss and apply the use of existing &amp; new actuarial concepts/techniques involving exposure adjustments, trend, loss development, exposure rating, et al with some assistance/guidance.</li><li>Identification of data issues requiring specialized actuarial attention.</li><li>Provide actuarial insight and expertise as a participant on a Line of Business Expert Group.</li><li>Participate in training of others (underwriters, client managers, risk analysts, accountants and actuaries) regarding actuarial analyses and methodologies.</li></ul>Profile:Successful candidates will possess the following skills/capabilities: <ul><li>Significant progress toward membership in the Casualty Actuarial Society, as demonstrated by five or more CAS exams.</li><li>Four or more years of experience in insurance pricing, preferably supporting commercial or specialty insurance products.</li><li>Robust understanding of pricing techniques, including ratemaking and predictive modeling.</li><li>Strong interpersonal skills. Ability to influence and negotiate with others and create acceptance for proposals.</li><li>Experience in R, Python, SAS or other statistical software in insurance pricing applications.</li><li>Excellent oral and written communication skills.</li></ul>The base salary range anticipated for this position is $104,600 - $153,300, plus opportunity for company bonus based upon a percentage of eligible pay. In addition, the company makes available a variety of benefits to employees, including health insurance coverage, an employee wellness program, life and disability insurance, 401k match, retirement savings plan, paid holidays and paid time off (PTO).About Munich ReFounded in 1917, Munich Reinsurance America, Inc. is one of the largest reinsurers in the United States. Munich Reinsurance America, Inc. has earned the A+ (Superior) financial strength rating from A.M. Best Company - that's among the highest in the industry. Over 1,000 employees serve our clients from our Princeton, New Jersey campus and regional offices throughout the United States.As a member of Munich Re's US operations, we offer the financial strength and stability that comes with being part of the world's preeminent insurance and reinsurance brand. Our risk experts work together to assemble the right mix of products and services to help you stay competitive - from traditional reinsurance coverages, to niche and specialty reinsurance and insurance products.

<div>Offer:We’re adding to our diverse team of experts and are looking to hire those who are committed to building a culture that enables the creation of innovative solutions for our business units and clients.The Insurance Operations Munich Re US recently launched a new insurance operations described as Munich Re Specialty Insurance (MRSI) that unites the strengths and expertise of Munich Re’s specialty commercial teams in North America under a new management structure. This allows for the development of an overarching sales strategy through which the specialty risk appetite and offering of products that can be profitably optimized and expanded.As a member of Munich Re's US operations, we offer the financial strength and stability that comes with being part of the world's preeminent insurance and reinsurance brand. Our risk experts work together to assemble the right mix of products and services to help our clients stay competitive – from traditional reinsurance coverages, to niche and specialty reinsurance and insurance products.The OpportunityFuture focused and always one step ahead. This Associate Actuary provides actuarial pricing/rating support for MRSI. This person will support Program business in meeting its goals by analyzing, evaluating, modeling and rating potential competitive solutions for our clients, as well as supporting rate filings.In this position you will:<ul><li>Prepare and complete pricing analyses with some guidance, including the development of rates, ultimate loss projections and communication of results. </li><li>Participate in development and update of Actuarial models and databases through formula development, research on methodologies, and collaboration on technical teams.</li><li>Support for result monitoring, pricing and portfolio management projects that will assist underwriters and management in managing and steering business. Document and communicate assumptions, results, and alternatives to actuarial staff and internal and external clients.</li><li>Understanding and ability to discuss and apply the use of existing &amp; new actuarial concepts/techniques involving exposure adjustments, trend, loss development, exposure rating, et al with some assistance/guidance.</li><li>Identification of data issues requiring specialized actuarial attention</li><li>Provide actuarial insight and expertise as a participant on a Line of Business Expert Group</li><li>Pursue formal education via Casualty Actuarial Society (CAS) exams.</li><li>Participate in training of others (underwriters, client managers, risk analysts, accountants and actuaries) regarding actuarial analyses and methodologies.</li></ul>Profile:Successful candidates will possess the following skills/capabilities: <ul><li>Bachelor’s degree in Mathematics, Actuarial Science, Economics, Business or related field.</li><li>ACAS required for Associate Actuary level.</li><li>At least four (4) years of insurance/reinsurance and actuarial pricing experience.</li><li>Good technical actuarial skills.</li><li>Proficient computer skills in MS Office Suite, including PowerBI to be used for ratemaking, pricing, modeling stochastic distributions or data analysis.</li><li>Experience in use of Python, SAS, R or other statistical software in insurance pricing applications.</li><li>Excellent oral and written communication skills and interpersonal skills.</li></ul>At Munich Re US, we see Diversity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services.We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.Founded in 1917, Munich Reinsurance America, Inc. is one of the largest reinsurers in the United States. Munich Reinsurance America, Inc. has earned the A+ (Superior) financial strength rating from A.M. Best Company - that's among the highest in the industry. Over 1,000 employees serve our clients from our Princeton, New Jersey campus and regional offices throughout the United States.As a member of Munich Re's US operations, we offer the financial strength and stability that comes with being part of the world's preeminent insurance and reinsurance brand. Our risk experts work together to assemble the right mix of products and services to help you stay competitive - from traditional reinsurance coverages, to niche and specialty reinsurance and insurance products.</div>

Offer:* We will consider candidates in Princeton (NJ), Philadelphia (PA), New York City (NY)Are you ready for a new challenge? We are looking for knowledgeable and skilled pricing actuaries to help drive the profitable growth of our Excess and Surplus products.The Insurance OperationsMunich Re US recently launched a new insurance operations described as Munich Re Specialty Insurance (MRSI) that unites the strengths and expertise of Munich Re’s specialty commercial teams in North America under a new management structure. This allows for the development of an overarching sales strategy through which the specialty risk appetite and offering of products that can be profitably optimized and expanded. As a member of Munich Re's US operations, we offer the financial strength and stability that comes with being part of the world's preeminent insurance and reinsurance brand. Our risk experts work together to assemble the right mix of products and services to help our clients stay competitive – from traditional reinsurance coverages, to niche and specialty reinsurance and insurance products.The OpportunityFuture focused and always one step aheadThe Associate Actuary role will have a significant supporting role in the pricing and monitoring of the Excess and Surplus business.In this position you will:<ul><li>Support the launch of new products and expand the capabilities of existing products in property, casualty, professional liability, and specialty lines of business.</li><li>Develop and maintain pricing tools for account pricing and portfolio steering.</li><li>Prepare and complete pricing analyses, including the development of rates, ultimate loss projections and communication of results.</li><li>Participate in development and update of Actuarial models and databases through formula development, research on methodologies, and collaboration on technical teams.</li><li>Support for result monitoring, pricing and portfolio management projects that will assist underwriters and management in managing and steering business. Document and communicate assumptions, results, and alternatives to actuarial staff and internal clients.</li><li>Strong understanding and ability to discuss and apply the use of existing &amp; new actuarial concepts/techniques involving exposure adjustments, trend, loss development, exposure rating, et al with some assistance/guidance.</li><li>Identification of data issues requiring specialized actuarial attention.</li><li>Provide actuarial insight and expertise as a participant on a Line of Business Expert Group.</li><li>Participate in training of others (underwriters, client managers, risk analysts, accountants and actuaries) regarding actuarial analyses and methodologies.</li></ul>Profile:Successful candidates will possess the following skills/capabilities: <ul><li>Significant progress toward membership in the Casualty Actuarial Society, as demonstrated by five or more CAS exams.</li><li>Four or more years of experience in insurance pricing, preferably supporting commercial or specialty insurance products.</li><li>Robust understanding of pricing techniques, including ratemaking and predictive modeling.</li><li>Strong interpersonal skills. Ability to influence and negotiate with others and create acceptance for proposals.</li><li>Experience in R, Python, SAS or other statistical software in insurance pricing applications.</li><li>Excellent oral and written communication skills.</li></ul>At Munich Re US, we see Diversity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services. We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Founded in 1917, Munich Reinsurance America, Inc. is one of the largest reinsurers in the United States. Munich Reinsurance America, Inc. has earned the A+ (Superior) financial strength rating from A.M. Best Company - that's among the highest in the industry. Over 1,000 employees serve our clients from our Princeton, New Jersey campus and regional offices throughout the United States. As a member of Munich Re's US operations, we offer the financial strength and stability that comes with being part of the world's preeminent insurance and reinsurance brand. Our risk experts work together to assemble the right mix of products and services to help you stay competitive - from traditional reinsurance coverages, to niche and specialty reinsurance and insurance products.

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