Insurance Pricing Lead

7 days ago


Chicago, Illinois, United States AIG Full time

Company Overview:

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American International Group, Inc. (AIG) is a global leader in commercial and personal insurance solutions.

We are committed to creating a culture that truly respects and celebrates each other's talents, backgrounds, cultures, opinions, and goals.

Job Summary:

The Insurance Pricing Lead will be responsible for leading the pricing strategy for our casualty lines of business.

This role will partner with the business and support teams on strategy, risk selection, pricing, and portfolio construction.

About You:

We are seeking an experienced actuarial professional with industry expertise to lead our pricing team.

You 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.

Key Responsibilities:

  • Develop and execute pricing strategies to drive profitability and organizational goals.
  • Guide profitability studies and develop rate and retention recommendations at appropriate segment levels.
  • Encourage advanced analytics capabilities for predictive modeling and segmentation analysis within the business.
  • Provide recommendations to rating methodologies, parameters, and tools to improve accuracy of technical pricing reflecting latest market and economic conditions and product offerings.
  • Organize proper training and support for pricing tools and strategies for underwriters.
  • Provide oversight over individual account pricing and structure recommendations at the transactional level where appropriate.
  • Research, compile, analyze, and summarize key findings for special projects and/or reports.
  • Develop, evaluate, monitor, and encourage a consistent view of business metrics, parameters, and data.
  • Provide guidance on regulatory needs and rate filings support for any admitted products.
  • Direct process improvements weighting cost and benefit to reduce manual work efforts and improve efficiency and accuracy.
  • Manage data support where not maintained centrally and reinforce the importance of high-quality data.
  • Drive a culture that promotes collaboration, diversity, and inclusion.
  • Attract and retain top industry talent and develop a high-performing team.
  • Support and make recommendations for a professional development strategic approach that provides broader actuarial and insurance exposure to the team.
  • 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.

What We Offer:

We offer 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.

Our Total Rewards Program includes competitive salary, bonus potential, and opportunities for professional growth and development.

How to Apply:

Please submit your application, including your resume and cover letter, through our website.



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