Senior Actuarial Analyst

AIG; Greater London; On-site; GBP 65,000 - 90,000; Full time

Job summary

A Senior Actuarial Analyst in AIG's Casualty team will contribute to profitability studies, pricing for large accounts, and development of pricing models across global clients. You will partner with underwriters and cross-functional teams to deliver timely analyses and robust pricing solutions.

We expect a bachelor’s in mathematics/actuarial science, progress towards actuarial qualification, and 2+ years of pricing or reserving experience, with strong Excel and coding skills (VBA, R, or Python).

Qualifications

• Bachelor's degree in Mathematics/Actuarial Science or equivalent
• 2+ years' actuarial pricing or reserving experience
• Strong MS Excel skills and coding ability (VBA, R or Python)
• Strong communication and relationship-building abilities with cross-functional teams
• Ability to work independently and adapt to business needs

Responsibilities

• Provide actuarial support to drive profitable growth and initiate remedial actions as needed
• Produce transactional pricing analyses for accounts with underwriters to meet deadlines
• Contribute to pricing tool development and enhancements considering local market requirements
• Monitor renewal and new business rates with pricing models in place and justify deviations
• Report performance at granular levels to enable underwriters to optimize results
• Ensure data used for pricing is complete, accurate, and timely
• Comply with regulatory and risk management procedures

Skills

Actuarial pricing experience

Excel skills

Programming (Python/R/VBA)

Communication skills

Initiative

Education

Bachelor's degree in Mathematics/Actuarial Science

Tools

VBA

R

Python

Job description

Join 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 skillsStrong 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-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 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