Head of Pricing - North America Property

Head of Pricing - North America Property

At AIG, we are reimagining the way we help customers to manage risk. Join us as a Head of Pricing - North America Property Lines to take on key responsibilities within a world-class actuarial function.

Make your mark in Actuarial

Our 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 impact

We are seeking an actuarial professional with industry expertise to lead the North America Property pricing team consisting of pricing actuaries supporting US Retail, Lexington, and Canada commercial property businesses.  The role will partner with the business and support teams on strategy, risk selection, pricing, and portfolio construction and recommending actions for improved profitability.  The role will report into the Chief Actuary, North America.

• Be accountable for the commercial property results and in partnership with the business develop and execute on strategic actions based on actuarial analysis focusing on profitability and organizational goals while anticipating business implications.
• Define the structure within team to best support the business needs while also aligning with reserving functions to fully leverage AIG’s investment in technology infrastructure & functional subject matter expertise.
• Ensure alignment with other AIG actuarial teams to leverage industry insights, enhancements in data analytics, and both line of business & functional subject matter expertise.
• Develop plan loss ratio recommendations, underwriting actions, business mix and assist the business in executing on and monitoring performance against the business unit plan.
• Evaluate, monitor, and encourage a consistent view of business metrics, parameters, and data, including consistency across similar lines of business written in other AIG business units.
• Provide recommendations to rating methodologies, parameters, and tools to improve accuracy of technical pricing reflecting latest market and economic conditions and product offerings.
• Encourage advanced analytics capabilities, including predictive modelling and improved segmentation analysis within the business. 
• Direct process improvements, leveraging AIG’s investment in technology and data infrastructure, weighing cost and benefit to reduce manual work efforts and improve efficiency and accuracy.

• Think ahead and focus on longer term future exploring new technologies, techniques, and methodologies to maintain a high level of learning and to encourage curiosity.
• Research, compile, analyze and summarize key finding for portfolio deep dives, special projects and/or reports.
• Provide oversight over individual account pricing and structure recommendations at the transactional level where appropriate.
• Organize proper training and support for pricing tools and strategies for underwriters.
• Support a strategic professional development approach that provides broader actuarial, insurance & technical exposure to the team.
• Attract and retain top industry talent and develop a high performing team.
• Drive a culture that promotes collaboration, diversity and inclusion.

What you'll need to succeed

The candidate should possess strong technical and business expertise with the ability to build sustainable, collaborative relationships, influence business stakeholders, and lead, motivate and gain commitment from key constituents.

• Fellow of the Casualty Actuarial Society with at least 15 years of actuarial experience in commercial lines, including commercial property pricing.
• Exceptional communication skills, including ability to develop and present clear and concise analysis and recommendations to senior management.
• Experience leading a team with the capacity to enforce accountability and learn the strengths and development opportunities of the team to put people in a position to succeed.
• Proven ability to dissect complex business issues, perform research and analysis, and synthesize conclusions into a value-maximizing strategy.
• Ability to dive into technical and execution level details, do hands-on work, connect the dots while thinking strategically and serve as strong thought partner of cross functional leaders.
• Comprehensive awareness of the business, regulatory environment, competitors, market cycle, technology and legislative trends.
• Not afraid to take charge of a situation and can overcome resistance to leadership and take unpopular stands when necessary.
• Enjoys working hard and looks for challenges.
• Timeliness and attention to detail.

Opportunity can be located in NYC, NY, Parsippany, NJ, Chicago, IL, Atlanta, GA, Philadelphia, PA ,or Boston, MA

The base salary range for this position is $230,00-$287,000 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 Overview

Ready to set new industry standards? We would love to hear from you.

#LI-CM1 #Actuary #Actuarial #Pricing

At AIG, we value in-person collaboration as a vital part of our culture, which is why we ask our team members to be primarily in the office. This approach helps us work together effectively and create a supportive, connected environment for our team and clients alike.

Enjoy benefits that take care of what matters

At AIG, our people are our greatest asset. We know how important it is to protect and invest in what’s most important to you. That is why we created our Total Rewards Program, a comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health, wellbeing and financial security—as well as your professional development—to bring peace of mind to you and your family.

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 — across our operations, we are thinking in new and innovative ways to deliver ever-better solutions to our customers. At AIG, you can go further to support individuals, businesses, and communities, helping them to manage risk, respond to times of uncertainty and discover new potential. 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 truly respects and celebrates each other’s talents, backgrounds, cultures, opinions and goals. We foster a culture of inclusion and belonging through inclusion learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The talent 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 recent 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.  If you believe you need a reasonable accommodation, please send an email to candidatecare@aig.com.  

AIG reserves the right to conduct a criminal background check, tailored to the requirements of a job, after a conditional employment offer is made. Unless otherwise required by law, AIG does not automatically exclude any applicant with a criminal conviction for a job or class or jobs. For more information about Philadelphia law specifically, copy and paste the following link within your browser: http://www.phila.gov/HumanRelations/PDF/BTB%20POSTER%20FINAL_3-9-16.pdf

AC - Actuarial

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