Associate Actuary - North America Property

About the Role As Associate Actuary - North America Property, you will be part of AIG's world-class actuarial function supporting North America Property, including Retail and Canada. You will quantify risk, price insurance and reserve losses, and collaborate across Finance, Claims, Operations, Marketing and Risk Management to help manage risk and identify opportunities for profitable growth. You will streamline processes across Retail and Canada property segments and partner with pricing actuaries, catastrophe modelers, and reserving actuaries to inform pricing, portfolio risk, and underwriting decisions, while aligning with the Chief Underwriting Office on pricing and underwriting strategies.

What You'll Do

• 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 Retail and Canada.
• Provide quarterly analysis and rate need indications for Canada Property Programs.
• 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.

What We're Looking For

• 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.

Compensation & Benefits

• Salary ranges: New York base $129,000-$154,000; New Jersey base $115,000-$148,000; Illinois base $110,000-$141,000. Eligible for bonus per applicable incentive plan.
• Comprehensive benefits and Total Rewards Program focusing on health, wellbeing and financial security, plus opportunities for professional development.
• In-person collaboration culture with an emphasis on office presence. You are trained on data up to October 2023.