Actuarial Reserving Product Lead
3 months ago
Join us as a Reserving Lead in our Actuarial team to take your career to the next level with an international market leader.
This is a fantastic role for a qualified or nearly qualified actuary who wants to progress their career. You will be on the front line and will get exposure to a broad range of senior stakeholders across the business, including the Chief Actuaries and Underwriters, and you will have the opportunity to get involved in some interesting global transformation projects. The insights you derive from reserving will drive underwriting strategy and you will have the opportunity to make a real impact on the business.
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 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.
More specifically, this involves:
- Leading the actuarial reserving on a product tower for UK and European markets, providing quarterly recommendations on ultimate reserves positions, IBNR and reserves uncertainty.
- Take a leading role in the liaison with the claims team around impact of initiatives, and specific IBNR areas (e.g. CAT, specific losses, financial crisis etc.).
- Liaise with the underwriting teams around the impact of any profitability initiatives, portfolio changes and other relevant actions.
- Assist in the production of key reserving results and analytics to present to key stakeholders (internal and external to actuarial).
- Work 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
- Support 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.
What we’re looking for
- 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.
#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 candidatecare@aig.com.
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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