Head of Actuarial Pricing Analytics

Head of Actuarial Pricing Analytics - North America

At AIG, we are reimagining the way we help customers to manage risk. Join us as a Head of Actuarial Pricing Analytics - North America to take on key responsibilities within a world-class actuarial function.

Make your mark in Actuarial

Our Actuaries are on the front lines, quantifying risk, pricing insurance and reserving losses for AIG’s major insurance operating companies, globally. We collaborate with Finance, Claims, Operations, Marketing and Risk Management, among other functions. As an AIG actuary, you will be challenged and encouraged to reach your greatest potential to help improve how we predict, manage and mitigate risk.

How you will create an impact

The Modelling & Advanced Analytics team, within Actuarial - Global Pricing, support the broader global Actuarial function in calibrating commercial lines rating solutions through predictive modelling and market insights. The raters are used by underwriters to guide pricing and risk selection and are critical to AIG’s long-term profitability.

The Modelling & Advanced Analytics team works alongside Product Actuaries, Underwriters, and the other teams within Global Pricing (Rater Delivery, Pricing MI and Pricing Effectiveness) to deliver best-in-class statistical modelling, data science, and technological solutions whilst supporting strategic initiatives within the actuarial team.

The team primarily supports commercial products and in this role you will focus on North America. Product lines include Casualty, Property, Financial Lines, and

Specialty (including Energy, Aerospace, Marine and Trade Credit).

Role Description

• Work with Product Actuaries and Underwriting across North America to build and maintain advanced statistical modelling pipelines that form the basis for rating tools and support business decisions.

• Ensure timely delivery of a North America prioritized modelling portfolio on AIG’s modelling platforms – for coded models the platform of choice is AWS Sagemaker AI where our Actuaries create, train and deploy predictive models used to calibrate raters, and provide oversight on non-code pipelines (e.g., Radar) where required.

• Where needed, lead delivery of Radar models for North America, ensuring best-practice build, documentation, controls and governance.

• Lead the training and support of Actuaries in their use of advanced modelling and analytics approaches, acting as an independent subject matter leader and coach, and driving adoption of AI-enabled tools and best practices across North America.

• Lead the enhancement and standardization of scalable modelling processes and tools being applied across AIG’s North America product portfolio.

• Research and develop cutting-edge algorithmic techniques to deliver transformational improvements in process and data quality through use of data science and technology, including evaluating and embedding appropriate AI / GenAI techniques and tooling, and influencing senior stakeholders on approach and adoption.

• Take ownership of projects utilizing Agile planning approaches, providing end-to-end technical leadership, applying rigorous coding standards in reviewing the work of others and managing multiple junior resources.

The role is suited to someone who is organized and able to manage a portfolio of projects. They should be keen to continue a career in the insurance industry, are self-motivated to research and learn new techniques and has a passion for using code and software engineering techniques when approaching analytical tasks. At Grade 23, they will operate as an independent leader, proactively shaping priorities, partnering with senior stakeholders and owning delivery outcomes for North America. They would be expected to broaden the skillset and experience of the existing team.

What you will need to succeed

• At least 10 years of relevant experience; particularly in Technical Pricing, Actuarial or predictive modelling.

• Degree in a mathematical or computer science related discipline.

• Very comfortable coding in R, Python or other language popular for data science, with strong software engineering practices (version control, testing, code review and reproducible pipelines).

• Experience in using cloud platforms (such as AWS, GCP, Azure) and purpose-built solutions such as Emblem/Radar to deliver modelling pipelines is highly preferable, including deploying and maintaining models in production; experience leading delivery and governance of AWS and Radar modelling pipelines is a strong preference.

• AI fluent: practical experience using AI / GenAI tools to accelerate analytics delivery (e.g., coding assistance, documentation, testing, exploratory analysis) with appropriate controls.

• Experience establishing and embedding best-practice ways of working for AI-enabled analytics (model risk considerations, documentation standards, validation, and governance) across North America.

• Expertise in Excel, SQL or other programming languages will be useful.

• Strong analytical and problem-solving skills.

• Strong business, collaboration and time management skills, responsive to service needs and operational demands.

• Strong business, collaboration and time management skills, responsive to service needs and operational demands.

• Excellent communication, presentation, and interpersonal skills, including the ability to communicate complex technical concepts to non-technical audiences.

• Experience in working within an Agile framework is preferable, including ownership of delivery plans and mentoring others.

• Qualified Actuary from a recognized actuarial society or qualified by experience is preferred.

For positions based in New York, the base salary range is $150,000-$185,000, and for positions based in Illinois, the base range is $147,000-185,000. In addition, the position is eligible for a bonus in accordance with the terms of the applicable incentive plan. In addition, we’re proud to offer a range of competitive benefits, a summary of which can be viewed here: US Benefits Overview

#LI-AIG

At AIG, we value in-person collaboration as a vital part of our culture, which is why we ask our team members to be primarily in the office. This approach helps us work together effectively and create a supportive, connected environment for our team and clients alike.

Enjoy benefits that take care of what matters

At AIG, our people are our greatest asset. We know how important it is to protect and invest in what’s most important to you. That is why we created our Total Rewards Program, a comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health, wellbeing and financial security—as well as your professional development—to bring peace of mind to you and your family.

Reimagining insurance to make a bigger difference to the world

American International Group, Inc. (AIG) is a global leader in commercial and personal insurance solutions; we are one of the world’s most far-reaching property casualty networks. It is an exciting time to join us — across our operations, we are thinking in new and innovative ways to deliver ever-better solutions to our customers. At AIG, you can go further to support individuals, businesses, and communities, helping them to manage risk, respond to times of uncertainty and discover new potential. We invest in our largest asset, our people, through continuous learning and development, in a culture that celebrates everyone for who they are and what they want to become.

Welcome to a culture of inclusion

We’re committed to creating a culture that truly respects and celebrates each other’s talents, backgrounds, cultures, opinions and goals. We foster a culture of inclusion and belonging through learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The talent of our people is one of AIG’s greatest assets, and we are honored that our drive for positive change has been recognized by numerous recent awards and accreditations.

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 [email protected].  

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