Senior Actuarial Analyst

Aig Inc; Greater London; Hybrid; GBP 65,000 - 90,000; Full time

Job summary

AIG is seeking a Senior Actuarial Analyst for its Casualty team in London. You will contribute to profitability studies, pricing models, and portfolio analysis with underwriters and cross-functional partners.

The role requires a mathematics/actuarial degree, part-qualification, and 2+ years’ pricing or reserving experience, plus Excel and coding skills (VBA/R/Python). Office-based with a collaborative culture.

Qualifications

• Bachelor's degree in Mathematics/Actuarial Science or equivalent.
• Part-qualified actuary with actuarial examinations in progress.
• 2+ years’ actuarial pricing or reserving experience.
• Strong MS Excel skills.
• Coding ability in VBA, R or Python.
• Strong communicator with ability to collaborate across teams.
• Ability to work under own initiative and adapt to business needs.

Responsibilities

• Provide actuarial support to profitably grow the business and remedial actions as needed.
• Produce transactional pricing analyses for accounts with underwriters.
• Develop and enhance pricing tools considering local market requirements.
• Monitor renewal and new business rates with the pricing team and justify deviations.
• Report performance at granular level to assist underwriters in optimization.
• Ensure data used for pricing and monitoring is complete, accurate and timely.
• Comply with key regulatory and risk management procedures.

Skills

Excel

Actuarial pricing

Risk modeling

Python

R

VBA

Communication

Education

Bachelor's degree in Mathematics/Actuarial Science

Part-qualified actuary

Tools

VBA

R

Python

Job description

Senior Actuarial Analyst### Senior Actuarial AnalystPostuler: London: Full time: Offre publiée aujourd'hui: JR2604311Join us as a Senior Actuarial Analyst within our Casualty 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**You will make a key contribution to our performance in Actuarial by being actively involved in profitability studies, portfolio deep dives, working with underwriters on large account pricing, and pricing model development & enhancements. Some of the key responsibilities include:* Provide the business with the actuarial support they require to profitably grow their business and take remedial action where needed.* Produce transactional pricing analysis for accounts within agreed timescales, working closely with underwriters.* Actively involved in technical pricing tool development 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 and monitored.* Report 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.What you’ll need to succeed* Bachelors degree or equivalent in Mathematics/Actuarial Science* Part qualified actuary* 2+ years’ actuarial experience in pricing or reserving.* Strong MS Excel skills* Strong coding ability in either VBA, R or Python* Strong communicator with the ability to forge relationships with other areas of the business* Ability to work under own initiative and show flexibility to meet business needs #LI-AIGAt 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.