Actuary & Director, Lexington Professional Lines

At AIG, we are reimagining the way we help customers to manage risk. Join us as an Actuary & Director, Lexington Professional 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 Lexington Professional Lines Actuarial Team consisting of pricing professionals aligned with the business.  The Actuary & Director, Lexington Professional Lines will partner with the business and support teams on strategy, risk selection, pricing, and portfolio construction.  The Actuary & Director, Lexington Professional Lines will report into the Head of Actuarial, Lexington.

• Be accountable for the Lexington Professional 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.
• Guide profitability studies and develop rate and retention recommendations at appropriate segment levels.
• Encourage advanced analytics capabilities for predictive modelling and segmentation analysis within the business. 
• As part of the annual plan, develop initial plan loss ratio recommendations, quantify the impact of underwriting actions and change in business mix, and assist the business in executing on the business unit plan.
• 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 finding 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 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.

Additional requirements include:

• Fellow of the Casualty Actuarial Society with at least 10 years of actuarial experience, preferably in professional lines and multifunctional areas (pricing, reserving, data, analytics).
• Experience leading a team.
• Capacity to enforce accountability and learn the strengths and development opportunities of the team so as to put people in a position to succeed.
• Exceptional communication skills, including ability to develop and present clear and concise analysis and recommendations to senior management.
• Proven ability to dissect complex business issues, perform research and analysis, and synthesize conclusions into a value-maximizing strategy.
• Willing and able to continuously learn and adapt in a dynamic and fast changing environment. 
• 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.
• Enjoys working hard and looks for challenges.
• Not afraid to take charge of a situation and can overcome resistance to change, taking unpopular stands when necessary.
• Timeliness and attention to detail.

Opportunity can be located in Parsippany, NJ, Chicago, IL, Atlanta, GA, or Boston, MA

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

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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 our flexible work arrangements, diversity and inclusion learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The diversity 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.