Marine Actuarial Pricing Manager

AIG; Greater London; On-site; GBP 70,000 - 90,000; Full time

Job summary

A global insurance leader in Greater London is searching for an experienced Actuarial Pricing Manager to support its Marine team. This role involves providing pricing analysis, managing junior staff, and developing technical pricing tools. Candidates should have a bachelor's in Mathematics or Actuarial Science, be qualified actuaries, and possess over 7 years of pricing experience. The position encourages collaboration and offers robust professional development opportunities within an inclusive culture.

Benefits

Total Rewards Program

Health and wellbeing benefits

Professional development opportunities

Qualifications

• 7+ years of actuarial pricing experience.

Responsibilities

• Support the Global Specialty Marine business with pricing analysis.
• Provide actuarial support for business growth.
• Monitor rates at renewal and new business.
• Report and analyze performance.
• Ensure data completeness and accuracy.

Skills

Actuarial pricing experience

Strong analytical skills

Communication of actuarial concepts

Knowledge of Python

Knowledge of R

Knowledge of VBA

Education

Bachelors degree in Mathematics/Actuarial Science

Qualified member of an Actuarial Institute

Job description

Join us as an Actuarial Pricing Manager in our Marine team 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

The Marine Actuarial Pricing Manager will be responsible for supporting the Global Specialty Marine business, providing pricing analysis and granular performance monitoring.

This is a fantastic role for an experienced pricing actuary who wants to grow their career in this really exciting sector. You will be part of a team which services the Marine business globally, so you will get exposure to a broad range of stakeholders, markets and products.

Some of the key responsibilities include:

• Direct line management responsibility junior members of staff.
• Providing the Global Specialty Marine Business with the actuarial support they require to profitably grow their business and take remedial action where needed.
• Actively involved in technical pricing tool development, analysis, and enhancements, whilst considering local market requirements.
• In co‑ordination with the actuarial pricing team, monitor rates at renewal and new business, ensure technical pricing models are in place and reviewed regularly and that any deviation is justified, monitored, and consistent amongst regions.
• Report and analyse performance at granular level (account and rating factor) so that underwriters can optimise performance.
• Ensure data used for pricing and monitoring is complete, accurate, adequate, and timely.
• Comply with key regulatory and risk management procedures.
• Adherence to Global and matrix decision making standards within the authorities provided.

What you'll need to succeed

• Bachelors degree or equivalent in Mathematics/Actuarial Science.
• Qualified member of an Actuarial Institute or equivalent experience.
• 7+ years’ actuarial pricing experience.

Additional Technical Skills

• Knowledge of Python, R, VBA.

Communication & Interpersonal Skills

• Ability to communicate actuarial concepts to non-specialists.
• Strong analytical and problem‑solving skills.
• Excellent communication and interpersonal skills.

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. Service Branch) & American International Group UK Ltd