Actuarial Reserving Product Lead

4 days ago

London, Greater London, United Kingdom AIG Full time
{"title": "Actuarial Reserving Role", "description": "

Take your career to the next level with AIG as a Reserving Lead in our Actuarial team.

This is a fantastic opportunity for a qualified or nearly qualified actuary to progress their career and get exposure to a broad range of senior stakeholders across the business.

You will be on the front line, quantifying risk, pricing insurance and reserving losses for AIG's major insurance operating companies, globally.

As a Reserving Product Lead, you will support key reserving activities for a product tower across AIG UK and Europe business, supporting underwriting in profitability monitoring and assisting in capital modelling projects from a reserving perspective.

Key responsibilities include:

  • Leading the actuarial reserving on a product tower for UK and European markets, providing quarterly recommendations on ultimate reserves positions, IBNR and reserves uncertainty.
  • Liaising with the claims team around impact of initiatives, and specific IBNR areas (e.g. CAT, specific losses, financial crisis etc.).
  • Liaising with the underwriting teams around the impact of any profitability initiatives, portfolio changes and other relevant actions.
  • Assisting in the production of key reserving results and analytics to present to key stakeholders (internal and external to actuarial).
  • Working with reinsurance to ensure ongoing understanding of outwards RI changes impacting their product tower.
  • Day-to-day management of a small team, including training of junior staff.
  • Supporting continuous improvement to key processes.
  • Input into the budget loss ratio setting process for their product tower, on both a legal entity and management view basis.
  • Involvement in the capital model calibration process and support in other key SII activities.

Requirements include:

  • Degree in Mathematics or related discipline.
  • Qualified or nearly qualified Actuary.
  • Significant Reserving experience within commercial lines.
  • Proficiency in reserving software – e.g. ResQ.
  • Knowledge of R and SQL advantageous.
  • Excellent communication and interpersonal skills.

AIG is a global leader in commercial and personal insurance solutions, and we are 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).

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.

", "lang_code": "en-US"}

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