Marine jobs in United Kingdom

Join us as a Senior Actuarial Analyst within our Marine team to take your career to the next level with an international market leader.

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.

We are looking for a curious, driven and commercially minded Pricing Actuary to join our Marine team – one of the most dynamic and diverse areas of specialty insurance. You will have a chance to get involved in portfolio management, large account pricing, granular performance monitoring and technical model development.

You will work on diverse projects and collaborate closely with the business to drive better outcomes across our portfolio.

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.

• Bachelors degree or equivalent in Mathematics/Actuarial Science
• Strong A Level results
• Part qualified actuary
• 3+ years’ actuarial experience in pricing or reserving.
• Strong MS Excel skills
• Strong coding ability in either VBA, R or Python preferable
• 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

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.

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.

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.

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 candidatecare@aig.com.

Functional Area:

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