Actuary & Director - Casualty Specialty Markets Pricing
Job in
Jersey City, Hudson County, New Jersey, 07390, USA
Listed on 2026-02-28
Listing for:
American International Group
Full Time
position Listed on 2026-02-28
Job specializations:
-
Insurance
Risk Manager/Analyst, Actuary, Insurance Analyst, Insurance Risk / Loss Control -
Finance & Banking
Risk Manager/Analyst, Actuary
Job Description & How to Apply Below
** At AIG, we are reimagining the way we help customers to manage risk. Join us as a Actuary & Director - Casualty Specialty Markets Pricing to take on key responsibilities within a world-class actuarial function.
** Make your mark in the A&H Actuarial Team
** Our A&H Actuaries are on the front lines, quantifying risk, pricing insurance and providing key analyses for AIG’s stakeholders. We collaborate with multiple functions, including Finance, Claims, Operations, Marketing and Underwriting. 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 Casualty Specialty Markets pricing team. Casualty Specialty Markets is a $500M portfolio consisting mostly of primary coverage for Commercial Auto, General Liability, Workers Comp, and Environmental Liability. This individual will partner with the business and support teams on strategy, risk selection, pricing, and portfolio construction. They will also partner with other pricing actuaries in implementing best practices analytical techniques, and reserving actuaries in assessing the impact of loss trends and claims emergence.
* Responsible for the success of the Casualty Specialty Markets pricing team in meeting their goals and objectives, including staff development and project prioritization.
* Be accountable for the Casualty Specialty Markets 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.
* Work closely with underwriting to develop pricing and underwriting strategies and identify pockets of opportunity for profitable growth as well as profitability-challenged areas.
* Supervise the review of the parameters in the pricing systems, manage projects to improve the pricing systems, and monitor underwriter adherence to pricing procedures and methodologies
* Coordinate pricing and planning to ensure adequate risk-adjusted returns contemplating expected loss, reinsurance costs, etc.
* Work closely with reserving actuaries to understand sources of reserve development and ensure appropriate recognition of pricing and underwriting actions impacting those estimates. Ensure underwriters are informed of and account for trends observed in analyses.
* Provide recommendations on rating methodologies, parameters and tools to improve accuracy of technical pricing reflecting latest market and economic conditions and product offerings.
* Take part in and lead components of efforts to transform the actuarial data, tools, and broader capabilities as a part of a department-wide initiative focused on improved analytics and increased efficiencies in a cloud-based environment.
* Organize proper training and support for pricing tools and strategies for underwriters.
* Monitor trends and relevant industry dynamics; effectively communicate impact to underwriters and actuarial management.
* Ensure that all pricing and other actuarial requests are managed and completed in a timely and professional manner, monitoring adherence to appropriate procedures and methodologies.
** What we are looking for
** 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 or Associate of the Casualty Actuarial Society with at least 10 years of commercial lines actuarial experience, preferably with significant casualty pricing experience.
* 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 while fostering a culture that promotes collaboration, diversity and inclusion
* Exceptional communication skills, including ability to develop and present clear and…
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