Head of Pricing

Head of Pricing

Requirements

• Fellow of the Casualty Actuarial Society with at least 15 years of actuarial experience in commercial lines, including Financial Lines pricing.
• Exceptional communication skills, including ability to develop and present clear and concise analysis and recommendations to senior management.
• 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.
• Proven ability to dissect complex business issues, perform research and analysis, and synthesize conclusions into a value-maximizing strategy.
• 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.
• 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 leadership and take unpopular stands when necessary.
• Enjoys working hard and looks for challenges.
• Timeliness and attention to detail.

Responsibilities

• Be accountable for the North America Financial Lines results and in partnership with the business develop and execute on strategic actions based on actuarial analysis focusing on profitability and organizational goals while anticipating business implications.
• Define the structure within team to best support the business needs while also aligning with reserving functions to fully leverage AIG’s investment in technology infrastructure and staff expertise.
• Ensure alignment with other AIG actuarial teams to leverage industry insights, enhancements in data analytics, and both line of business & functional subject matter expertise.
• Guide profitability studies and develop rate and retention recommendations at appropriate segment levels.
• Develop plan loss ratio recommendations, underwriting actions, business mix and assist the business in executing on and monitoring performance against the business unit plan.
• Evaluate, monitor, and encourage a consistent view of business metrics, parameters, and data, including consistency across similar lines of business written in other AIG business units.
• Provide recommendations to rating methodologies, parameters, and tools to improve accuracy of technical pricing reflecting latest market and economic conditions and product offerings.
• Encourage advanced analytics capabilities, including predictive modelling and improved segmentation analysis within the business.
• Direct process improvements, leveraging AIG’s investment in technology and data infrastructure, weighing cost and benefit to reduce manual work efforts and improve efficiency and accuracy.
• Think ahead and focus on longer term future exploring new technologies, techniques, and methodologies to maintain a high level of learning and to encourage curiosity.
• Research, compile, analyze and summarize key finding for portfolio deep dives, special projects and/or reports.
• Provide oversight over individual account pricing and structure recommendations at the transactional level where appropriate.
• Organize proper training and support for pricing tools and strategies for underwriters.
• Support a strategic professional development approach that provides broader actuarial, insurance & technical exposure to the team.
• Attract and retain top industry talent and develop a high performing team.
• Drive a culture that promotes collaboration, diversity and inclusion.

Preferred Qualifications

No preferred qualifications provided.