This position has responsibility for determining the appropriate strategic competitive pricing for all Accident only products within the organization. The position will also oversee and direct all pricing reviews for the products, determining the appropriate pricing based on relevant factors (e.g., region, occupation, age, etc.).
Immediate Performance Objectives:
-Pricing for the Product Quarterly access gaps in pricing for these products, performs pricing reviews with relevant market data at least annually
-Works with financial analysis and product management in the review of the product profitability, and helps determine the strategic direction for the product
-Ensures that the work done helps competitively and profitably place our products
-Provides direction for sales, claims and underwriting teams relating to the product and assists in decisions on case design and specific case pricing.
-Develops Pricing and Analysis for new product development
-Provides Pricing Research on potential designs
Assists with product filings
-Provides analysis on new products, such as IRRs, VNBs, and Lifetime ROEs for the products
-Implementation, performance feedback and ongoing enhancements
-Provides analysis on the products as needed
-Works with finance, product managers and executive management to provide actuarial expertise as needed.
-Develops analysis for the product managers as needed on new initiatives.
-May work as a project manager as needed for special projects.
Supporting Performance Objectives:
-Develop and deliver monthly reports demonstrating effectiveness and profitability of the product lines.
-Develop strong relationships with the marketing, sales, underwriting and operations areas.
-Understand the interdependencies of the corporate functions and business units.
-Achieve in-depth knowledge of AIG (particularly AG and Chartis A&H) products and processes.
-Keep up-to-date with financial services/insurance industry trends to ensure forecasting analysis is credible.
Qualifications for this position:
-Strong product knowledge in the voluntary benefits segment.
-Proven track record of product innovation and execution in the employer benefits market.
-Demonstrated leadership and change management skills.
-Demonstrated ability to influence and work effectively and collaboratively within a highly-matrix organization and with employees at all levels.
-Excellent communication skills and strong interpersonal skills that provide ability to interact with the most senior levels of the organization.
-Well organized, with a high degree of initiative and endurance in order to prioritize, multi-task, maintain flexibility and ultimately to meet and exceed deadlines in fast-paced, changing environment.
-Strong problem-solving and project management skills.
-Excellent written, verbal and presentation skills.
-Strong collaboration and relationship building skills; demonstrated organizational savvy.
-Demonstrated success in working with major change and transformation initiatives.
-FSA preferred, ASA required, 10 years of experience in actuarial. Strong pricing experience in this market is strongly preferred.
**MEMBERS ONLY**SIGN UP NOW***. (AIG), a world leader in insurance and financial services, is the leading international insurance organization with operations in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In addition, AIG companies are leading providers of retirement services, financial services and asset management around the world. AIG's common stock is listed on the New York Stock Exchange, as well as the stock exchanges in Ireland and Tokyo.
AIG is an Equal Opportunity Employer.