$100K — $150K *
The Associate Director & Actuary will be a member of a team providing actuarial support for the Institutional Markets line of business. The primary focus will be on the pricing of domestic and international pension risk transfer deals: buy-outs, buy-ins, reinsurance, and longevity products. As a member of the pricing team, responsibilities will include interfacing with business unit management and other functional areas such as underwriting, valuation, policy administration, ERM, and the sales team. The actuary will also support the development of new international markets, experience analysis of jumbo deals, and current product maintenance as needed, and also maintain department documentation of products and processes. The actuary will also manage staff.
Direct pricing projects, including deriving assumptions, scenario analysis, producing high quality pricing memorandum and other documentation as applicable, within required timeframe. Success necessitates the opportunity for significant interaction with business management and other functional areas throughout the company to complete pricing projects as well as the governance process.
Support other actuarial product management/maintenance initiatives as required. This includes providing input to the post-bid process, monitoring the competitive and regulatory landscape, and identifying risks and opportunities in the product portfolio and collaborating on corresponding solutions.
Maintain and continue to enhance the pricing model, the pricing process, and department documentation. This entails monitoring company and industry experience and the economic environment, recommending, documenting, and implementing pricing updates and modeling improvements.
FSA or seasoned ASA.
A minimum of 7 years of actuarial experience required
The ideal candidate will have experience with UK pension schemes, whether it be pension risk transfers, pension consulting, or pension valuation. However, candidates with US pension experience or similar pricing experience of insurance products will also be considered.
Strong project management and communication skills are required to handle multiple deals and projects simultaneously while collaborating with various supporting departments.
Detail oriented, including attention to documentation.
Preference for Houston, TX. Other AIG L&R locations may be considered: CA, TN, & NY.
Valid through: 9/25/2020