Job Description

Overview At AIG, we are reimagining the way we help customers manage risk. We are seeking a pricing leader to guide the North America Accident & Health pricing team as Head of Pricing - North America Accident & Health. As part of our actuarial function, you will quantify risk, price insurance and reserve losses for AIG’s major operating companies. You will partner with Finance, Claims, Operations, Marketing and Risk Management to influence pricing strategy and profitability. Responsibilities Responsible for the success of the A&H pricing team in meeting goals and objectives, including staff development and project prioritization. Be 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 pockets of opportunity for profitable growth as well as profitability-challenged areas. 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 that all pricing and other actuarial requests are managed and completed in a timely and professional manner, monitoring adherence to appropriate 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 business drivers and trends. Work closely 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 process, captive management, reinsurance placement, statutory reporting and other internal and external reporting requests. 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. Qualifications 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 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 concise analysis and recommendations to senior management. Ability to dive into technical and execution level details, do hands-on work, connect the dots while thinking strategically and serve as strong thought partner of cross functional leaders. Willing and able to continuously learn and adapt in a dynamic and fast changing environment. Comprehensive awareness of the business, regulatory environment, competitors, market cycle, technology and legislative trends. Not afraid to take charge of a situation and can overcome resistance to change, taking unpopular stands when necessary. Timeliness and attention to detail. Location Locations: NYC, NY; Parsippany, NJ; Chicago, IL; Atlanta, GA; Philadelphia, PA; Boston, MA. Compensation and Benefits The base salary range for this position is $175,00-$215,000 and the position is eligible for a bonus in accordance with the applicable incentive plan. We offer a range of competitive benefits; a summary can be viewed in the US Benefits Overview. Equal Opportunity and Inclusion AIG provides equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender identity or expression, national origin, veteran status, disability or any other legally protected categories. We are committed to providing reasonable accommodations for job applicants and employees with disabilities. If you need a reasonable accommodation, please send an email to candidatecare@aig.com. About AIG American International Group, Inc. (AIG) is a global leader in commercial and personal insurance solutions. We invest in our people through continuous learning and development and foster a culture that respects and celebrates diverse talents and goals. #J-18808-Ljbffr AIG

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