Senior Pricing Actuary (Global Specialty)
Senior Pricing Actuary (Global Specialty)

Senior Pricing Actuary (Global Specialty)

London Full-Time 43200 - 72000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Join our Aerospace team as a Pricing Actuary, analysing risk and pricing insurance globally.
  • Company: AIG is a leading global insurance provider, innovating solutions for individuals and businesses.
  • Benefits: Enjoy a comprehensive benefits package focused on health, wellbeing, and professional development.
  • Why this job: Make an impact in a dynamic sector while collaborating with diverse teams and stakeholders.
  • Qualifications: Degree in Mathematics or related field; strong experience in actuarial pricing and coding skills required.
  • Other info: We value in-person collaboration to foster a supportive and connected work environment.

The predicted salary is between 43200 - 72000 £ per year.

Join us as a Pricing Actuary in our Aerospace 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

As a Pricing Actuary, you will be responsible for supporting the Aerospace business, providing pricing analyses and granular performance monitoring.

This is a fantastic role for an experienced pricing actuary who wants to grow their career in this exciting sector. You will be part of a team which services the Aerospace business globally, so you will get exposure to a broad range of stakeholders, markets and products.

Some of the key responsibilities include:

  • Provide the Global Aerospace Business with the actuarial and analytical support they require to profitably grow their business and take remedial action where needed.
  • Lead on large transformation projects, such as rater development & enhancement in HX and development of rating models
  • Be actively involved in technical pricing tool development, analysis, and enhancements using Python.
  • Lead the reporting and analysis of performance at granular level using R (account and rating factor) so that underwriters can optimise performance.
  • Ensure monitoring of rates for technical pricing models are in place and these are reviewed regularly, and that any deviation is justified, monitored, and consistent amongst regions.
  • Lead profitability studies and business planning
  • Ensure data used for pricing and monitoring is complete, accurate, adequate, and timely.
  • Responsible for training and mentoring junior members of staff.
  • Comply with key regulatory and risk management procedures.
  • Adherence to Global and matrix decision making standards within the authorities provided.

What we’re looking for

  • Degree in Mathematics or related discipline
  • Extensive experience of actuarial pricing within General Insurance
  • Strong coding skills in R, Python and VBA
  • Strong analytical and problem-solving skills.
  • Excellent communication and interpersonal skills.

#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.

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 .

Functional Area:

AC – Actuarial AIG Europe S.A. (U.K. Branch) & American International Group UK Ltd #J-18808-Ljbffr

Senior Pricing Actuary (Global Specialty) employer: AIG

AIG is an exceptional employer that prioritises the growth and well-being of its employees, offering a comprehensive Total Rewards Program that supports health, financial security, and professional development. With a strong emphasis on collaboration and inclusion, AIG fosters a vibrant work culture where actuaries can thrive, engage with diverse stakeholders, and lead innovative projects in the dynamic Aerospace sector. Join us to be part of a global leader that values your contributions and invests in your future.
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Contact Detail:

AIG Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Senior Pricing Actuary (Global Specialty)

✨Tip Number 1

Familiarise yourself with the latest trends in the Aerospace insurance sector. Understanding the unique challenges and opportunities in this niche will help you stand out during discussions with potential employers.

✨Tip Number 2

Network with professionals in the actuarial field, especially those working in pricing or the Aerospace industry. Attend relevant conferences or webinars to make connections that could lead to job opportunities.

✨Tip Number 3

Brush up on your coding skills in R and Python, as these are crucial for the role. Consider working on personal projects or contributing to open-source initiatives to demonstrate your proficiency.

✨Tip Number 4

Prepare to discuss your experience with large transformation projects and technical pricing tools. Be ready to share specific examples of how you've contributed to similar projects in the past.

We think you need these skills to ace Senior Pricing Actuary (Global Specialty)

Actuarial Pricing Expertise
Strong Coding Skills in R
Strong Coding Skills in Python
Strong Coding Skills in VBA
Analytical Skills
Problem-Solving Skills
Data Analysis
Performance Monitoring
Communication Skills
Interpersonal Skills
Project Management
Technical Pricing Tool Development
Mentoring and Training Skills
Regulatory Compliance Knowledge
Attention to Detail

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights your experience in actuarial pricing, particularly within General Insurance. Emphasise your coding skills in R, Python, and VBA, as well as any relevant projects or achievements that demonstrate your analytical and problem-solving abilities.

Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the Aerospace sector. Discuss how your background aligns with the responsibilities outlined in the job description, such as leading transformation projects and providing actuarial support.

Showcase Relevant Experience: When detailing your work experience, focus on specific examples where you have successfully contributed to pricing analyses or performance monitoring. Highlight any leadership roles you've taken, especially in training or mentoring junior staff.

Highlight Soft Skills: Don't forget to mention your communication and interpersonal skills. AIG values collaboration, so provide examples of how you've effectively worked with cross-functional teams or communicated complex data to non-technical stakeholders.

How to prepare for a job interview at AIG

✨Showcase Your Technical Skills

As a Senior Pricing Actuary, you'll need strong coding skills in R, Python, and VBA. Be prepared to discuss your experience with these languages and how you've used them in previous roles, especially in technical pricing tool development.

✨Demonstrate Analytical Thinking

Highlight your analytical and problem-solving skills during the interview. Prepare examples of how you've approached complex pricing analyses or performance monitoring in the past, and be ready to explain your thought process.

✨Communicate Effectively

Excellent communication and interpersonal skills are crucial for this role. Practice articulating your ideas clearly and concisely, and think about how you can convey complex actuarial concepts to non-technical stakeholders.

✨Prepare for Team Collaboration

Since the role involves collaboration with various functions like Finance, Claims, and Marketing, be ready to discuss your experience working in cross-functional teams. Share examples of how you've successfully collaborated to achieve common goals.

Senior Pricing Actuary (Global Specialty)
AIG
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  • Senior Pricing Actuary (Global Specialty)

    London
    Full-Time
    43200 - 72000 £ / year (est.)

    Application deadline: 2027-07-16

  • A

    AIG

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