Pricing Actuary - London, United Kingdom - AIG

AIG

Verified Company

London, United Kingdom

3 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

As an actuary at AIG, you will be challenged and encouraged to reach your greatest potential.

Every day will bring new opportunities to stretch your analytical and problem solving as you improve how we predict and mitigate risk.

Our Financial Actuaries are on the frontlines, quantifying risk, pricing insurance and reserving losses for AIG's major regulated and rated insurance operating companies globally.

Portfolio Analytics and Pricing Actuaries support AIG's businesses and are responsible for technical pricing, product development analytics and performance measurement.

They collaborate with Marketing, Operations and Financial Management.

Role Description

The Senior Actuarial Analyst will be responsible for supporting the UK & Europe Consumer Lines (A&H, Travel, Warranty) business, providing pricing analyses and granular performance monitoring.

Provide the UK & Europe businesses with the actuarial support they require to profitably grow their business and take remedial action where needed.
Support the development, alignment, and execution of portfolio strategies.
Produce transactional pricing analyses for accounts within agreed timescales, working closely with underwriters.
Actively involved in technical pricing tool development and enhancements, whilst considering local market requirements.
In coordination with the Pricing and Portfolio Management ('PPM') 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.
Ensure data used for pricing and monitoring is complete, accurate, adequate and timely.
Support and supervise work of junior members of the team
Comply with key regulatory and risk management procedures.
Adherence to European and matrix decision making standards within the authorities provided.

Technical Skills and Expertise

Will typically have 5+ years' insurance/actuarial experience.
Proven proficiency in actuarial pricing concepts/methodologies
Increasing understanding of health / general insurance principles, including underwriting policies, claims handling policies and local legislation
Knowledge of VBA, R/Python, Hx, or other programming languages preferred
Developing ability to communicate actuarial concepts to nonspecialists.
Ability to work under own initiative and show flexibility to meet business needs
Ability to meet tight deadlines and prioritise own work
Work well both independently and as part of a team
Professional behaviour with the highest level of integrity

Language requirement

English (working proficiency); knowledge of other European languages desirable

A look at our Benefits

We're proud to offer a range of employee benefits and resources that help you protect what matters most - your health care, savings, financial protection and wellbeing.

We provide a variety of leaves for personal, health, family and military needs.

For example, our "Giving Back" program allows you to take up to 16 hours a year to volunteer in your community.

Our global mental health and wellness days off provide all colleagues with a paid day off to focus on their mental health and wellbeing.

We also believe in fostering our colleagues' development and offer a range of learning opportunities for colleagues to hone their professional skills to position themselves for the next steps of their careers.

We have a tuition reimbursement program for eligible colleagues to enhance their education, skills, and knowledge in areas that relate to their current position or future positions to which they may transfer or progress.

We are an Equal Opportunity Employer

American International Group, Inc., its subsidiaries and affiliates are committed to be an Equal Opportunity Employer and its policies and procedures reflect this commitment.

We provide 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 such as sexual orientation.

At AIG, we believe that diversity and inclusion are critical to our future and our mission - creating a foundation for a creative workplace that leads to innovation, growth, and profitability.

Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives.

To learn more please visit:

Reasonable accommodations will be determined on a casebycase basis.

Functional Area:
AC - Actuarial

Estimated Travel Percentage (%): Up to 25%

Relocation Provided:
No

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