Senior Pricing Actuary

4 weeks ago


London, Greater London, United Kingdom AIG Full time

Actuarial Expertise in Global Specialty Team

AIG is seeking an experienced Senior Pricing Actuary to join our Global Specialty team. As a key member of the team, you will be responsible for providing actuarial support to the Credit Lines and Energy & Construction business, focusing on pricing analyses and granular performance monitoring.

Key Responsibilities

  • Provide actuarial support to the Global Business to profitably grow their business and take remedial action where needed.
  • Be actively involved in technical pricing tool development, analysis, and enhancements, adhering to best practice guidelines.
  • Drive development and report on performance at a granular level (account and rating factor) to enable underwriters to optimize performance.
  • Lead quarterly discussions with the business on Portfolio MI and Insights.
  • Lead large transformation projects.
  • Monitor rates at renewal and new business, ensuring technical pricing models are in place and reviewed regularly, and that any deviation is justified, monitored, and consistent amongst regions.
  • 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.
  • Adhere to Global and matrix decision-making standards within the authorities provided.

Requirements

  • Degree in Mathematics or a related discipline.
  • Excellent communication and interpersonal skills.
  • Experience as a Pricing Actuary within General Insurance.
  • Strong analytical and problem-solving skills.
  • Strong R and VBA skills – Python desirable. Desire to upskill in this area welcome.

AIG's Total Rewards Program

AIG offers 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

AIG is a global leader in commercial and personal insurance solutions, with a far-reaching property casualty network. 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.

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