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American International Group, Inc.

Director-Actuarial Job

American International Group, Inc. - New York City, NY

The Director-Actuarial will be leading the WC portfolio pricing team and be responsible for monitoring profitability and loss ratio projections of AIG's WC portfolio in the US and WC related Defense Based Act business. Occasional business travel may be required. Research and develop advanced pricing techniques to be incorporated to continually improve the quality of the profitability studies - Directly manage and develop a team of actuarial analysts. Responsible for setting the team's priorities and ensuring that deadlines are met. Responsible for the analytical growth and help with the career development of the team. - Effectively communicate the results and implications of profitability studies to stakeholders including senior leadership. - Work closely with underwriting and senior leadership to develop pricing and underwriting strategies and identify pockets of profitable growth opportunities. - Monitor rate, exposure, retention, new, lost business changes. Monitor loss trends and relevant industry/regulatory changes and effectively communicate to management. - Work closely with Reserving actuaries to understand reserve development and inform them of pricing and underwriting actions that will impact reserve estimates. - Work with the Rate Filing team to ensure that appropriate rates are being filed and adopted for pricing purposes - Suggest algorithmic improvements to raters to improve the quality of pricing tools & models. - Create and monitor appropriate feedback loops between Underwriting, Pricing, Rate Filing and Reserving. - As required work on ad-hoc projects

Job Requirements:

* FCAS

* 10 years of relevant actuarial experience in Casualty lines of business including Workers Compensation

* Proficiency in Excel, VBA and SAS/R

* Ability to work independently and as a team player

* Strong communication (oral and written), influencing skills and demonstrated ability to work across interdisciplinary teams

* Solid project management and organizational skills to work on multiple priorities, establish and meet deadlines - Strong analytical and problem solving skills. - Experience in predictive modeling is preferred

About AIG

American International Group, Inc. (AIG) is a leading international insurance organization serving customers in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. In addition, AIG companies are leading providers of life insurance and retirement services in the United States.

AIG Property Casualty

is a global market leader, one of the few truly global property casualty franchises.

AIG Life and Retirement

is one of the largest life insurance organizations in the U.S., and provides protection, investment and income solutions needed for financial and retirement security.

United Guaranty Corporation

is the marketplace leader in mortgage insurance in the U.S.

Additional information about AIG can be found at www.aig.com

| YouTube

: www.youtube.com/aig

| Twitter

: @AIG_LatestNews | LinkedIn

: www.linkedin.com/company/aig

Job Criteria:

Start Date:

Position Type: Full-Time Permanent

Years of Experience Required:

Education Required:

Overnight Travel:

Vacation Time:

16 days 1 hour ago

American International Group, Inc.

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Director-Actuarial Job American International Group, Inc. - New York City, NY, United States

   

Location: New York City, NY

Company Profile:
American International Group, Inc. provides insurance products and services for the commercial, institutional, and individual customers in the United States and internationally. The company operates in two segments: AIG Property Casualty, and AIG Life and Retirement. The AIG Property Casualty segment offers casualty insurance products that cover general liability, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance; industrial energy-related and commercial property insurance products, which cover exposures to man-made and natural disasters; aerospace, environmental, political risk, trade credit, surety and marine insurance products for small and medium sized enterprises; and various forms of professional liability insurance products. It also provides personal accidental and supplemental health products for individuals, employees, associations, and other organizations; and life products, as well as a range of travel insurance products and services for leisure and business travelers. This segment distributes its insurance products and services through brokers, agents, and direct marketing and partner organizations, as well as the Internet. The AIG Life and Retirement segment offers a suite of products and services to individuals and groups, including term life insurance, universal life insurance, accident and health insurance, fixed and variable group annuities, administrative and compliance services, mutual funds, and financial planning. This segment distributes its products through banks, broker-dealers, financial advisors, independent marketing organizations, insurance agents, structured settlement brokers, benefit consultants, and direct-to-consumer platforms. The company also provides private residential mortgage guaranty insurance and direct investment book services; and derivatives intermediary services. American International Group, Inc. was founded in 1919 and is based in New York, New York.