Actuarial Professional

1 week ago


New York, New York, United States AIG Full time
About the Role

We are seeking an experienced Actuarial Professional to join our Environmental team as an Environmental Pricing Specialist. This role will be responsible for pricing and supporting the Environmental Profit Centre, with a focus on profitability analysis, deep dive, and benchmarking for Environmental and General Liability Exposures (EAGLE) Program, Contractors Pollution Liability (CPL), and Underground Storage Tank (UST).

Key Responsibilities
  • Work closely with underwriting to develop pricing strategies, identify pockets of profitable growth opportunities, and future underwriting actions.
  • Support the business review process and portfolio deep dives, which include reviewing underwriting actions impacting loss ratios to assess impact on current and future performance.
  • Ensure accuracy of quoting and rating systems by working with Underwriters.
  • Ensure execution of rate level indications, portfolio profitability exercise, and rate reviews within planned time frames.
  • Collaborate with data teams to drive process improvement and achieve actuarial transformation goals.
  • Develop and produce premium adequacy reports and budget loss ratio estimates for various segments.
  • Perform peer review for actuarial work products.
  • Perform environmental annual reserve studies, which include Primary and Excess General Liability, Auto Liability, CPL, and non-standard lines such as Mass Tort and Pollution.
  • Provide actuarial support for quarterly closings and year-end financial reporting.
  • Communicate with and advise senior management, underwriters, comptrollers, and claims department.
  • Work effectively as part of a team and train junior staff to achieve financial, strategic, and operational objectives.
Requirements
  • BS in Actuarial Science, Mathematics, Statistics, or related area.
  • ACAS or close.
  • 5 years or more experience in commercial casualty pricing preferred.
  • Strong analytical and problem-solving skills.
  • Work well both independently and as part of a team.
  • Proficiency in Excel, SQL, SAS, Python, R, or other programming languages preferred.
  • Strong business and collaboration skills and responsive to service needs and operational demands.
  • Effective time management skill.
  • Excellent communication, presentation, and interpersonal skills.
What We Offer

We offer a competitive salary range of $96,000-$129,000, depending on location, and a bonus in accordance with the terms of the applicable incentive plan. We also provide a range of benefits, including health insurance, retirement plans, and paid time off.

We are an equal opportunity employer and welcome applications from diverse candidates. We are committed to creating a culture of inclusion and belonging, and we foster a culture that celebrates everyone for who they are and what they want to become.


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