Supervising Actuary
Job ID #: 78680
Location: NY-New York
Functional Area: Actuarial
Company:
Employment Type: Full Time - Permanent
Education Required: Professional Qualification
Experience Required: 10+ years
Relocation Provided: No
Travel Percentage: 0
Position Description:
The Supervising Actuary will assist in supervising a small team of actuaries, and provide reserving and financial reporting support to the Property/Casualty profit centers of Chartis. The job involves the analysis of the reserves needed for various classes of casualty business such as workers compensation, general liability, excess casualty, auto liability and environmental liability; assisting in the production of the Schedule P and other related annual statement exhibits, other statutory quarterly statements and management reporting information for the Chartis GAAP and Statutory financials. Incumbent will interact regularly with senior actuarial management of Chartis on reserve issues related to the profit centers.
This individual will report to an AVP or Vice-President, Chartis Finance Actuarial, North America.
Major Objectives
• Supervise staff in the analysis of information to determine the adequacy of loss and loss expense reserves using actuarial techniques; supervise and prepares reserve study documentation; prepare information for financial statements.
• Responsible for timely and accurate analysis of loss reserves and accurate booking of the appropriate IBNR.
• Perform all duties inherent in a management role. Ensure effective staff training/cross training, interview candidates for employment, evaluate staff performance, and recommend new hires, promotions, salary, and disciplinary actions as appropriate.
• Communicate with and advise senior management, as well as underwriters, comptrollers, claims, or legal departments. Represent company at official functions and/or industry actuarial committees Interact with outside regulators and auditors to provide technical and professional information and guidance.
• Keep aware of emerging issues affecting product lines and adjusts analysis as appropriate.
• Assist in measuring reserve and pricing risk for each assigned division and the implications for capital management.
Position Requirements
• BS in Actuarial Science, Mathematics, Statistics, or related area.
• 10 years or more of property casualty actuarial experience, with some in reserving.
• ACAS or FCAS.
• Advanced knowledge of actuarial reserving methodologies and techniques.
• Ability to look at all matters creatively and with ingenuity.
• Strong mathematical, problem solving, and analytical skills.
• Excellent communication, presentation and interpersonal skills.
• Strong business and collaboration skills, and responsive to service needs and operational demands.
• Work well both independently and as part of a team.
• Excellent management and leadership skills.
About Us:
American International Group, Inc. (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.
Job ID #: 78680
Location: NY-New York
Functional Area: Actuarial
Company:
Employment Type: Full Time - Permanent
Education Required: Professional Qualification
Experience Required: 10+ years
Relocation Provided: No
Travel Percentage: 0
Position Description:
The Supervising Actuary will assist in supervising a small team of actuaries, and provide reserving and financial reporting support to the Property/Casualty profit centers of Chartis. The job involves the analysis of the reserves needed for various classes of casualty business such as workers compensation, general liability, excess casualty, auto liability and environmental liability; assisting in the production of the Schedule P and other related annual statement exhibits, other statutory quarterly statements and management reporting information for the Chartis GAAP and Statutory financials. Incumbent will interact regularly with senior actuarial management of Chartis on reserve issues related to the profit centers.
This individual will report to an AVP or Vice-President, Chartis Finance Actuarial, North America.
Major Objectives
• Supervise staff in the analysis of information to determine the adequacy of loss and loss expense reserves using actuarial techniques; supervise and prepares reserve study documentation; prepare information for financial statements.
• Responsible for timely and accurate analysis of loss reserves and accurate booking of the appropriate IBNR.
• Perform all duties inherent in a management role. Ensure effective staff training/cross training, interview candidates for employment, evaluate staff performance, and recommend new hires, promotions, salary, and disciplinary actions as appropriate.
• Communicate with and advise senior management, as well as underwriters, comptrollers, claims, or legal departments. Represent company at official functions and/or industry actuarial committees Interact with outside regulators and auditors to provide technical and professional information and guidance.
• Keep aware of emerging issues affecting product lines and adjusts analysis as appropriate.
• Assist in measuring reserve and pricing risk for each assigned division and the implications for capital management.
Position Requirements
• BS in Actuarial Science, Mathematics, Statistics, or related area.
• 10 years or more of property casualty actuarial experience, with some in reserving.
• ACAS or FCAS.
• Advanced knowledge of actuarial reserving methodologies and techniques.
• Ability to look at all matters creatively and with ingenuity.
• Strong mathematical, problem solving, and analytical skills.
• Excellent communication, presentation and interpersonal skills.
• Strong business and collaboration skills, and responsive to service needs and operational demands.
• Work well both independently and as part of a team.
• Excellent management and leadership skills.
About Us:
American International Group, Inc. (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.