Actuary

1 month ago

London, Greater London, United Kingdom AIG Full time

Join us as a Senior Actuarial Analyst 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

You will make a key contribution to our performance in Actuarial by being actively involved in profitability studies, portfolio deep dives, working with underwriters on large account pricing, and pricing model development & enhancements.

Key responsibilities include:

  • Analyse the profitability of the Property Portfolio.
  • Work closely with underwriting to develop pricing and underwriting strategies and identify pockets of profitable growth opportunities.
  • Monitor rate, exposure, retention and new business changes. Monitor loss trends and relevant industry/regulatory changes and effectively communicate to management.
  • Assist in providing business solutions to maximize risk adjusted profit. Develop analytical tools to help business effectively manage existing portfolios.
  • Work closely with reserving actuaries to understand reserve development and inform them of pricing and underwriting actions that will impact reserve estimates.
  • Develop granular profitability improvement strategies.
  • Assist in researching and developing best practices pricing techniques to be implemented across the business.
  • Partner with Reserving Actuaries in assessing the impact of loss trends and claims emergence
  • Partner with underwriters in assessing the impact of changes in appetite and portfolio mix.

What you'll need to succeed

  • Bachelors degree or equivalent (Mathematics/Actuarial or related).
  • Student member of an Actuarial Institute with partial progression through the exams.
  • 3 plus years of Pricing experience
  • Strong business and collaboration skills and responsive to service needs and operational demands.
  • Ability to work under own initiative, be proactive and show flexibility to meet business needs.
  • Excellent communication, presentation, interpersonal, analytical and problem-solving skills.
  • Coding and/or modelling experience in Excel, SQL, Python, R or other programming languages advantageous

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 (see below) .

Functional Area:

AC - ActuarialEstimated Travel Percentage (%): No TravelRelocation Provided: NoAIG Europe S.A. (U.K. Service Branch) & American International Group UK Ltd

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