Associate Actuary - North America Property

Associate Actuary - North America Property

• 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.

• 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 positions based in New Jersey the base range is $115,000-$148,000, and for positions based in Illinois the base range is $110,000-$141,000. The position is eligible for a bonus in accordance with the terms of the applicable incentive plan. Competitive benefits are offered.

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  AIG reserves the right to conduct a criminal background check, tailored to the requirements of a job, after a conditional employment offer is made.