Actuarial Reserving Analyst - Global Specialty

American International Group; London; On-site; GBP 40,000 - 60,000; Full time

Job summary

Join a leading global insurance company as an Actuarial Reserving Analyst, where you will play a crucial role in quantifying risk and pricing insurance. This role offers the opportunity for career progression and professional development in a collaborative environment, with responsibilities spanning across several lines of business. Ideal for candidates with a degree in Mathematics and at least two years of experience in General Insurance, this position focuses on refining actuarial methods while ensuring compliance with regulatory standards.

Qualifications

• 2+ years of actuarial experience within General Insurance.
• Partial progression through examinations.

Responsibilities

• Support the actuarial reserving function across various lines of business.
• Assess reserve provisions and analyze information for reserve adequacy.
• Monitor experience and assist in the production of reserving analytics.

Skills

Strong analytical skills

Problem solving skills

Strong work ethic

Strong MS Excel skills

Coded experience in Python

Coded experience in R

Coded experience in VBA

Excellent communication skills

Interpersonal skills

Education

Degree in Mathematics or related discipline

Student member of an Actuarial Institute

Job description

Join us as an Actuarial Reserving 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

As an Actuarial Analyst within our Reserving team, you will be responsible for supporting the actuarial reserving function across Global Specialty – lines of business include Aerospace, Marine, Energy, Construction and Credit Lines.

This is a fantastic role for a bright, enthusiastic Analyst with a couple of years of experience within General Insurance. We offer great career progression, and we will support you in developing your technical skills and in becoming a qualified Actuary.

Some of the key responsibilities include:

• Work with the actuarial function in key reserving activities, including the assessment of reserves provisions, monitoring of experience, and production of management information.
• Provide inputs into the Solvency II technical provisions and the calibration of the capital model.
• Analyse information to assist in determination of the adequacy of loss and LAE reserves.
• Work with underwriters to understand the business and to share actuarial insights.
• Assist in the production of key reserving results and analytics to best convey financial results to stakeholders.
• Contribute to innovation by supporting tool development and enhancements.
• Be technically proficient using actuarial techniques/concepts/methodologies to both implement and execute actuarial best practices.
• Ensure data is complete, accurate, adequate and timely, and that we comply with regulatory and risk management procedures.

What we’re looking for

• Degree in Mathematics or related discipline
• Student member of an Actuarial Institute with partial progression through the exams
• 2+ years of actuarial experience within General Insurance
• Strong analytical and problem solving skills
• Strong work ethic with a willingness to learn
• Strong MS Excel skills
• Coding experience in Python, R, VBA or other programming languages
• Excellent communication and interpersonal skills

#LI-AIG

At AIG, we value in-person collaboration as a vital part of our culture, which is why we ask our team members to be primarily in the office. This approach helps us work together effectively and create a supportive, connected environment for our team and clients alike.

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 inclusion

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 learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The talent 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 [e-mail].

Functional Area:

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