AIG
Head of Pricing - North America Accident & Health
AIG, Atlanta, Georgia, United States, 30383
Overview
Head of Pricing - North America Accident & Health at AIG. Lead the North America A&H pricing team within a world-class actuarial function, partnering with business and support teams on strategy, risk selection, pricing, and portfolio management to support new and existing insurance products. Responsibilities
Responsible for the success of the A&H pricing team in meeting goals and objectives, including staff development and project prioritization. Accountable for A&H results and, in partnership with the business, develop and execute strategic actions based on actuarial analysis focusing on profitability and organizational goals while anticipating business implications. Support new product development and strategic innovation initiatives through actuarial support, rate development, regulatory filings, and evaluation of deal structures. Develop actuarial memorandums, rating manuals and all actuarial requirements to support form filings and respond to regulatory objections, requests, and inquiries. Work closely with underwriting to develop pricing and underwriting strategies and identify opportunities for profitable growth and areas of profitability challenges. Analyze and monitor experience, trends, and profitability of key accounts, portfolios, blocks of business and segments. Communicate findings and provide technical pricing indications and recommendations to achieve financial targets and regulatory compliance. Ensure all pricing and other actuarial requests are managed and completed in a timely and professional manner, adhering to procedures and methodologies. Develop, enhance and maintain tools to help underwriters assess and price risks. Design and produce qualitative and quantitative business reports for KPI measurement and to identify drivers and trends. Collaborate with reserving actuaries to understand booked loss ratios, sources of reserve development and ensure appropriate recognition of pricing and underwriting actions impacting those estimates. Provide financial and actuarial inputs for annual budget planning, captive management, reinsurance placement, statutory reporting and other internal and external requests. Participate in and lead efforts to transform actuarial data, tools, and capabilities as part of a department-wide analytics initiative. What You'll Need To Succeed
Fellow of the Casualty Actuarial Society or Society of Actuaries with at least 10 years of actuarial experience, preferably with A&H pricing experience. Experience leading a team with ability to enforce accountability, develop talent, and foster collaboration, diversity and inclusion. Exceptional communication skills to develop and present clear analysis and recommendations to senior management. Ability to work hands-on, dive into technical details while thinking strategically and partner with cross-functional leaders. Willingness to learn and adapt in a dynamic environment. Comprehensive awareness of business, regulatory environment, competitors, market cycle, technology and legislative trends. Proactive leadership; able to take charge and address resistance to change when necessary. Timeliness and attention to detail. Opportunity can be located in NYC, NY; Parsippany, NJ; Chicago, IL; Atlanta, GA; Philadelphia, PA; or Boston, MA. The base salary range for this position is $175,000–$215,000 and the position is eligible for a bonus in accordance with the terms of the applicable incentive plan. In addition, we offer a range of competitive benefits. A summary of which can be viewed here: US Benefits Overview. Location
In-office collaboration is preferred; team members are expected to be primarily in the office to support effective collaboration and client service. Equal Employment Opportunity statement: 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 providing reasonable accommodations to job applicants and employees with disabilities. If you need a reasonable accommodation, please email candidatecare@aig.com. Functional Area: AC - Actuarial. National Union Fire Insurance Company of Pittsburgh, Pa.
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Head of Pricing - North America Accident & Health at AIG. Lead the North America A&H pricing team within a world-class actuarial function, partnering with business and support teams on strategy, risk selection, pricing, and portfolio management to support new and existing insurance products. Responsibilities
Responsible for the success of the A&H pricing team in meeting goals and objectives, including staff development and project prioritization. Accountable for A&H results and, in partnership with the business, develop and execute strategic actions based on actuarial analysis focusing on profitability and organizational goals while anticipating business implications. Support new product development and strategic innovation initiatives through actuarial support, rate development, regulatory filings, and evaluation of deal structures. Develop actuarial memorandums, rating manuals and all actuarial requirements to support form filings and respond to regulatory objections, requests, and inquiries. Work closely with underwriting to develop pricing and underwriting strategies and identify opportunities for profitable growth and areas of profitability challenges. Analyze and monitor experience, trends, and profitability of key accounts, portfolios, blocks of business and segments. Communicate findings and provide technical pricing indications and recommendations to achieve financial targets and regulatory compliance. Ensure all pricing and other actuarial requests are managed and completed in a timely and professional manner, adhering to procedures and methodologies. Develop, enhance and maintain tools to help underwriters assess and price risks. Design and produce qualitative and quantitative business reports for KPI measurement and to identify drivers and trends. Collaborate with reserving actuaries to understand booked loss ratios, sources of reserve development and ensure appropriate recognition of pricing and underwriting actions impacting those estimates. Provide financial and actuarial inputs for annual budget planning, captive management, reinsurance placement, statutory reporting and other internal and external requests. Participate in and lead efforts to transform actuarial data, tools, and capabilities as part of a department-wide analytics initiative. What You'll Need To Succeed
Fellow of the Casualty Actuarial Society or Society of Actuaries with at least 10 years of actuarial experience, preferably with A&H pricing experience. Experience leading a team with ability to enforce accountability, develop talent, and foster collaboration, diversity and inclusion. Exceptional communication skills to develop and present clear analysis and recommendations to senior management. Ability to work hands-on, dive into technical details while thinking strategically and partner with cross-functional leaders. Willingness to learn and adapt in a dynamic environment. Comprehensive awareness of business, regulatory environment, competitors, market cycle, technology and legislative trends. Proactive leadership; able to take charge and address resistance to change when necessary. Timeliness and attention to detail. Opportunity can be located in NYC, NY; Parsippany, NJ; Chicago, IL; Atlanta, GA; Philadelphia, PA; or Boston, MA. The base salary range for this position is $175,000–$215,000 and the position is eligible for a bonus in accordance with the terms of the applicable incentive plan. In addition, we offer a range of competitive benefits. A summary of which can be viewed here: US Benefits Overview. Location
In-office collaboration is preferred; team members are expected to be primarily in the office to support effective collaboration and client service. Equal Employment Opportunity statement: 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 providing reasonable accommodations to job applicants and employees with disabilities. If you need a reasonable accommodation, please email candidatecare@aig.com. Functional Area: AC - Actuarial. National Union Fire Insurance Company of Pittsburgh, Pa.
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