AC - Actuarial
Estimated Travel Percentage (%): Up to 25%
Relocation Provided: Yes
American General Life Insurance Company
Job ID: JR1811432
DSA Re Vice President - Actuarial Data Management
Your Future Team:
American International Group, Inc. (AIG) is a leading international insurance organization with operations in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. In addition, AIG companies are leading providers of life insurance and retirement services around the world. AIG common stock is listed on the New York Stock Exchange, as well as the stock exchanges in Ireland and Tokyo.
DSA Re: In 2016, AIG created a third reporting segment, Legacy, to manage non-core assets and liabilities, and businesses in run-off, with the objective of balancing the benefits of return of capital or capital redeployment, with potential near-term reductions in book value. The launch of the DSA Re entity in 2017 was an important early step in achieving that objective. AIG continued the DSA Re strategy by announcing a strategic partnership with The Carlyle Group to achieve the long-term vision for DSA Re. DSA Re currently reinsures $36 billion of AIG's Legacy Life and Annuity and General Insurance liabilities. DSA Re's diversified risk portfolio, strong claims operation, and efficient administration capabilities provide the foundation for a platform that can be scaled over time to offer unique solutions to external parties. AIG and Carlyle plan to build DSA Re into a standalone platform with financial strength that complements its strategically differentiated capabilities. For more information, please visit http://www.aig.com/investor-relations.
Reporting Relationships and Organizational Scope
This role will report to the Chief Finance Actuary Legacy. The Chief Finance Actuary Legacy is responsible for sourcing and managing Legacy-specific resources to execute actuarial modeling, liability calculations and financial reporting under multiple regimes, experience studies and serve as the BMA Approved Actuary.
This role will be responsible for serving as the IT relationship manager for DSA Re actuaries. The role will work with the CIO and COO to ensure adequate tools are provided to meet actuarial needs. The role will also assist in the procurement and storage of data and manage the actuarial data environment to ensure efficient and controlled processing of data.
Your Contribution at AIG:
Develop and maintain a production data environment to support actuarial modeling, valuation, experience studies and reporting needs.
Propose enhancements to the production and research environments that allow our capabilities to leap ahead of the curve rather than always be in response mode.
Socialize Actuarial issues, problems, future needs throughout IT leadership.
Set guidelines for actuarial data and data governance
Manage creation of reporting infrastructure with an emphasis on building repeatable processes with built-in review capability.
Resolve data issues with data owners (e.g. claims team, administrative teams).
Serve as point of contact for internal and external audits (e.g. FCU, PwC).
Assist M&A team with modeling applications.
Determine operating model for DSA Re actuarial data management team and successfully source candidates for the operating model.
This role will be solely dedicated to DSA Re.
What we are looking for:
The ideal candidate will have significant experience managing databases, data warehouses, reporting tools, and approval processes. The candidate must have excellent communication skills, management skills, and the ability to interact with business partners and business unit actuaries effectively. The successful candidate must have a desire to improve process efficiency and appearance of final work product.
An undergraduate degree in mathematics, information technology or related field.
Professional Work Experience
15+ years of progressive data management experience in the insurance industry
Proven ability to lead internal and external resources through the requirements, design, development, testing, and deployment phases of complex software projects
Significant experience with actuarial concepts and data
Comfortable working in environment of ambiguity, frequent change, or unpredictability
Ability to influence and lead change
Proven ability to deliver despite obstacles
Demonstrated success working in cross-functional collaborative teams and in working with senior management
Strong problem solving and decision-making abilities
Ability and desire to engage with all functions/businesses across a global enterprise in driving project activities forward as well as resolving project related issues or mitigating project risks
Proven knowledge of data warehouses, analytics, and system design
Goal oriented and well-organized, with the ability to develop and manage disciplined processes
Excellent written and oral communication skills
Ability to build effective teams: blending teams when required, fosters strong team morale, ensures open dialogue
Desire to deliver a complete work product
Highly motivated and results-oriented
Strong analytical skills
Ability to work independently and across geographies
Displays a sense of urgency to resolve issues quickly and efficiently
A team player with the ability to enable changes in the business processes and ability to work cooperatively with all groups is essential
Ability to multi-task and handle on a proactive basis, changing priorities in a fast-paced environment in order to maximize time-management and efficiencies
Demonstrated ability to successfully distill complex technical information into clear, concise yet comprehensive communication material
Demonstrated ability to meet rigorous deadlines while managing multiple projects concurrently
Ability to make decisions and solve problems while working under pressure
Outstanding work ethic; displays a high sense of urgency to resolve issues quickly and efficiently
It has been and will continue to be the policy of American International Group, Inc., its subsidiaries and affiliates to be an Equal Opportunity Employer. We provide 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.
At AIG, we believe that diversity and inclusion are critical to our future and our mission creating a foundation for a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives.
American International Group