Pricing Actuary

Found in: beBee jobs GB - 3 weeks ago

London, Greater London, United Kingdom American International Group, Inc. Full time
Join us as a Pricing Actuary in our Aerospace team to take your career to the next level with an international market leader.

Make your mark in Actuarial

Our Actuaries are on the front lines, quantifying risk, pricing insurance and reserving losses for AIG's major insurance operating companies, globally. We collaborate with Finance, Claims, Operations, Marketing and Risk Management, among other functions. As an AIG actuary, you will be challenged and encouraged to reach your greatest potential to help improve how we predict, manage and mitigate risk.

How you will create an impact

As a Pricing Actuary, you will be responsible for supporting the Aerospace business, providing pricing analyses and granular performance monitoring.

This is a fantastic role for a qualified actuary or insurance pricing expert who wants to grow their career in this really exciting sector. You will be part of a team which services the Aerospace business globally, so you will get exposure to a broad range of stakeholders, markets and products.

Some of the key responsibilities include:
  • Provide the Global Aerospace Business with the actuarial support they require to profitably grow their business and take remedial action where needed.
  • Be actively involved in technical pricing tool development, analysis, and enhancements, whilst considering local market requirements.
  • Lead on large transformation projects
  • In co-ordination with the actuarial pricing team, monitor rates at renewal and new business, ensure technical pricing models are in place and reviewed regularly and that any deviation is justified, monitored, and consistent amongst regions.
  • Report and analyse performance at granular level (account and rating factor) so that underwriters can optimise performance.
  • Ensure data used for pricing and monitoring is complete, accurate, adequate, and timely.
  • Support profitability studies and business planning
  • Responsible for training and mentoring junior members of staff.
  • Comply with key regulatory and risk management procedures.
  • Adherence to Global and matrix decision making standards within the authorities provided.
What we're looking for
  • Degree in Mathematics or related discipline
  • Extensive experience as a Pricing Actuary or Pricing professional within General Insurance
  • Strong analytical and problem solving skills.
  • Strong R and VBA skills - Python desirable
  • Excellent communication and interpersonal skills.
#LI-AIG

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.

Reimagining insurance to make a bigger difference to the world

American International Group, Inc. (AIG) is a global leader in commercial and personal insurance solutions; we are one of the world's most far-reaching property casualty networks. It is an exciting time to join us - across our operations, we are thinking in new and innovative ways to deliver ever-better solutions to our customers. At AIG, you can go further to support individuals, businesses, and communities, helping them to manage risk, respond to times of uncertainty and discover new potential. We invest in our largest asset, our people, through continuous learning and development, in a culture that celebrates everyone for who they are and what they want to become.

Welcome to a culture of belonging

We're committed to creating a culture that truly respects and celebrates each other's talents, backgrounds, cultures, opinions and goals. We foster a culture of inclusion and belonging through our flexible work arrangements, diversity and inclusion learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The diversity of our people is one of AIG's greatest assets, and we are honored that our drive for positive change has been recognized by numerous recent awards and accreditations.

AIG provides 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.

AIG is committed to working with and providing reasonable accommodations to job applicants and employees with disabilities. If you believe you need a reasonable accommodation, please send an email to

Functional Area:

AC - Actuarial

Estimated Travel Percentage (%): No Travel

Relocation Provided: No

AIG Europe S.A. (U.K. Service Branch) & American International Group UK Ltd

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