Warranty Pricing Actuarial Analyst

American International Group; London; On-site; GBP 50,000 - 70,000; Full time

Job summary

Join a leading global insurance company as a Warranty Pricing Actuarial Analyst in London. You will leverage your actuarial skills to provide valuable insights and support to improve profitability across various product sectors. This role emphasizes collaboration with multiple departments and requires a strong foundation in actuarial science and mathematics. AIG fosters a culture of inclusion and offers a comprehensive benefits package to support your well-being and professional growth.

Benefits

Comprehensive benefits package

Professional development opportunities

Qualifications

• Proven insurance industry experience with understanding of general insurance principles.
• A good record of progress through actuarial exams.

Responsibilities

• Provide high-quality actuarial support to assigned Product Tower(s).
• Coordinate with actuarial teams to monitor rates at renewal and for new business.

Skills

Mathematics

Actuarial Science

Communication

Independence

Education

Bachelor’s degree in Mathematics/Actuarial Science

Tools

SAS

VBA

R

Job description

Warranty Pricing Actuarial Analyst page is loaded

Warranty Pricing Actuarial Analyst

Apply locations: London | Time type: Full time | Posted on: Posted Yesterday | Job requisition id: JR2502426

Join us as a Senior Actuarial Analyst to make a bigger business impact with your pricing skills and wider talents.

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. Within AIG Actuarial, 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

1. At AIG, we use a Product Tower framework for sectors such as aviation, casualty, cyber, health, marine, property, and trade credit. You will provide high-quality actuarial support to your assigned Product Tower(s) to help grow their business profitability.

2. You can make a valuable difference to the bottom line through the standard of your analysis, renewal rate analysis, and granular performance monitoring (account and rating factor). Your work may involve close liaison with underwriters to produce robust transactional analysis within tight deadlines.

3. You will also coordinate with the actuarial teams to monitor rates at renewal and for new business, ensuring that technical models are in place and reviewed regularly.

4. You will play an important role in ensuring relevant data is complete, accurate, adequate, and timely—and that we comply with regulatory and risk management procedures.

5. In addition, you can help us innovate and improve by contributing to technical pricing tool development and enhancements.

What you’ll need to succeed

• A Bachelor’s degree or equivalent in Mathematics/Actuarial Science.

• A good record of progress through your actuarial exams.

• Proven insurance industry experience, with a good understanding of general insurance principles, including underwriting policies, claims handling policies, and local legislation.

• Proficiency in actuarial concepts/methodologies.

• Knowledge of PC and mainframe environments, SAS, VBA, and R.

• The ability to communicate actuarial concepts to non-specialists.

• The ability to work independently, meet tight deadlines, and prioritize your work.

Ready to solve bigger problems? We would love to hear from you.

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].