American International Group

Head of Actuarial Pricing Analytics - North America

American International Group$150K — $200K *
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • 10+ years of relevant experience in Technical Pricing, Actuarial, or predictive modelling.
  • Degree in a mathematical or computer science related discipline.
  • Proficient in coding languages such as R, Python, and software engineering practices.
  • Experience with cloud platforms like AWS and model deployment, especially AWS Sagemaker and Radar.
  • Familiarity with AI/GenAI tools for enhanced analytics delivery.
  • Expertise in Excel, SQL, or other programming languages is beneficial.
  • Strong analytical, problem-solving, and communication skills.

Responsibilities

  • Collaborate with Product Actuaries and Underwriters to build statistical modelling pipelines for rating tools.
  • Ensure timely delivery of modeling initiatives on AIG's platforms, particularly AWS Sagemaker AI.
  • Lead the development of Radar models for North America adhering to best practices and governance standards.
  • Train and support Actuaries in advanced modeling techniques and AI tool adoption.
  • Standardize scalable modelling processes across North America's product offerings.
  • Research algorithmic techniques to improve process and data quality through data science and technology.
  • Manage projects using Agile methodologies and oversee technical output of junior resources.

Benefits

  • Comprehensive benefits package focused on health, wellbeing, and financial security.
  • Support for professional development and skills enhancement.
  • Encouragement for in-person collaboration to foster teamwork and connection.
Full Job Description

Head of Actuarial Pricing Analytics - North America

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.

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.

Functional Area:

FA - Finance

AIG PC Global Services, Inc.

About American International Group

American International Group provides property insurance, life insurance, and financial services.

American International Group Careers

Join the dynamic team at American International Group (AIG), a leading global insurance organization, and propel your career into a future of opportunities and professional growth. At AIG, we are committed to fostering a culture of innovation, leadership, and diversity that is unmatched in the industry.

Work You’ll Do

At American International Group, you will collaborate with some of the brightest minds in the industry, dedicated to solving complex challenges and driving transformative solutions in the world of insurance. Our team is at the forefront of developing innovative insurance products that not only meet the needs of our clients worldwide but also anticipate future trends.

Explore Job Opportunities and Internships

Whether you're a seasoned professional looking for your next challenge or a recent graduate eager to start your career, AIG offers a range of job opportunities and internships across various functions. From underwriting and claims to finance and technology, your next position awaits you at AIG. Our internships provide invaluable hands-on experience, helping you to enhance your skills and make meaningful contributions from day one.

Grow and Develop Your Career

AIG believes in the power of continuous learning and offers extensive training and development programs to help you hone your skills and advance your career. Leadership development, diversity training, and innovation workshops are just a few examples of how we invest in our employees' growth and leadership capabilities.

Benefits and Culture

Joining AIG means more than just having a job; it means being part of a team that values diversity and is committed to creating an inclusive environment where everyone can thrive. We offer competitive benefits that support the health, well-being, and financial security of our employees and their families. At AIG, you will find a supportive network and a culture that applauds innovation and rewards performance.

Networking and Professional Development

We encourage our employees to build professional relationships both within and outside the company through networking events, professional groups, and career fairs. These opportunities not only enhance your career but also expand your professional network, which is vital in today’s dynamic job market.

Join Our Team

Search open positions that match your skills and interests on our Careers page. We are looking for passionate, curious, and solution-driven team players who are ready to take their career to the next level. Explore the exciting and rewarding career opportunities available at American International Group today.

Stay Connected

Keep up to date with the latest industry trends, career tips, and company news by subscribing to our careers blog. Personalize your experience by signing up for job alert emails tailored to your preferences and be the first to know about new openings and exclusive insights from professionals within AIG. At American International Group, your career is just the beginning – it’s a pathway to developing your skills, meeting new challenges, and making a difference in a global company known for its commitment to innovation and excellence. Join us and shape your future with AIG.
Learn more about American International Group
Size
36,600 employees
Market Cap
$46.4 billion
Industry
Net Income
-$5.9 billion
Founded
1919
5 Year Trend
-0.3%
Revenue
$43.7 billion
NASDAQ

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