Associate Actuary - North America Property

Associate Actuary - North America Property page is loaded## Associate Actuary - North America Property locations:
NY-New York:
GA-Atlanta:
NJ-Parsippany:
IL-Chicago:
PA-Philadelphia time type:
Full time posted on:
Offre publiée aujourd'huijob requisition :
JR2504894
** Associate Actuary - North America Property
** We are seeking an actuarial professional to support North America Property, including Retail, Lexington, and Canada.
The individual will work to streamline processes across the different Property segments. They will also partner with other pricing actuaries in implementing best practices analytical techniques, catastrophe modelers to incorporate results into pricing and quantify portfolio risk, and reserving actuaries in assessing the impact of loss trends and claims emergence.
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* Key Responsibilities:

*** Work closely with the Chief Underwriting Office to develop pricing and underwriting strategies and identify pockets of opportunity for profitable growth as well as profitability-challenged areas.
* Review the parameters in the pricing systems, actively work to improve the pricing systems, and monitor underwriter adherence to pricing procedures and methodologies
* Coordinate pricing, planning, and accumulation management efforts with cat modeling team to ensure adequate risk-adjusted returns contemplating expected loss, reinsurance costs, and increased capital needs associated with cat-prone business
* Develop analytical tools to help underwriters assess the risks posed by insureds, aligning the pricing framework across the different underwriting platforms and business classes written in Lexington’s property operations.
* Work closely with reserving actuaries to understand sources of reserve development and ensure appropriate recognition of pricing and underwriting actions impacting those estimates.
* Provide recommendations on rating methodologies, parameters and tools to improve accuracy of technical pricing reflecting latest market and economic conditions and product offerings.
* Ensure alignment of tools, reporting metrics and goals with other property teams organizationally to optimize team efficiency while maximizing value and consistency across the property portfolios
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* Qualifications:

*** At least an Associate of the Casualty Actuarial Society (ACAS)
* At least 5 years of commercial lines actuarial experience, preferably with significant commercial property pricing experience.
* Exceptional communication skills, including ability to develop and present clear and concise analysis and recommendations to senior management.
* Willing and able to continuously learn and adapt in a dynamic and fast changing environment.
* Solid understanding of catastrophe modeling fundamentals
* Timeliness and attention to detail.

For positions based in New York, the base salary range is $129,000-$154,000, for the positions based in New Jersey, the base range is $115,000-$148,000, and for positions based in Illinois, the base range is $,000. In addition, 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:#LI-AIG #pricingactuary #actuarialcareers #commerciallinesactuary

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…