At a Glance
- Tasks: Support pricing analyses and monitor performance in a dynamic actuarial environment.
- Company: Join AIG, a global leader in insurance and risk management.
- Benefits: Career progression, technical skill development, and support to become a qualified Actuary.
- Other info: Collaborative culture with opportunities to work across various functions.
- Why this job: Make a real impact by quantifying risk and shaping insurance strategies.
- Qualifications: Bright graduates with an interest in Actuarial science are encouraged to apply.
The predicted salary is between 30000 - 40000 £ per year.
Join us as an Actuarial Analyst to take your career to the next level with an international market leader. We have several roles available across our Pricing & Reserving teams.
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 Underwriting, 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 be responsible for supporting a product area, providing pricing analyses and granular performance monitoring. This is a fantastic role for a bright, enthusiastic graduate who has an interest in developing a career in Actuarial. We offer great career progression, and we will support you in developing your technical skills and in becoming a qualified Actuary.
Some of the key responsibilities include:
- Providing the business with the actuarial support they require to profitably grow their business and take remedial action where needed.
- Supporting the development, alignment, and execution of portfolio strategies.
- Active involvement in technical pricing tool development and modelling of risks.
- In co-ordination with the actuarial pricing team, monitoring rates for renewal and new business, ensuring technical pricing models are in place and reviewed regularly and that any deviation is justified and monitored.
- Producing pricing analyses for large accounts and schemes within agreed timescales, working closely with underwriters.
Actuarial Analyst — Global Pricing & Reserving in London employer: AIG
At AIG, we pride ourselves on being an exceptional employer, offering a dynamic work culture that fosters collaboration and innovation. As an Actuarial Analyst, you will benefit from extensive career progression opportunities, comprehensive training, and the chance to work alongside industry leaders in a supportive environment. Our commitment to employee development, coupled with our global presence, ensures that you will have the resources and mentorship needed to thrive in your actuarial career.
StudySmarter Expert Advice🤫
We think this is how you could land Actuarial Analyst — Global Pricing & Reserving in London
✨Dive into Insurance Networking Events
Get your foot in the door by attending local insurance networking events or job fairs. These gatherings are perfect for us to meet potential employers in a casual setting, and you might just find a great connection to help land that entry-level role!
✨Join Online Insurance Communities
Hop onto platforms like LinkedIn or specialised forums centred on insurance. Engage with discussions, ask questions, and showcase your eagerness to break into the industry. This visibility can make you stand out to hiring managers scouring these spaces for fresh talent.
✨Leverage University Resources
If you're fresh out of uni, make sure to utilise your university’s career services. They can connect us with companies looking for entry-level candidates, often before jobs are even advertised. Keep an eye on internship opportunities, as they can lead to full-time positions down the line!
✨Apply Directly Through Us!
Don't forget to check our website for any entry-level openings at AIG! Applying directly can give you a better chance to showcase your enthusiasm and passion for the insurance field, plus, it shows you’re keen to take the initiative.
We think you need these skills to ace Actuarial Analyst — Global Pricing & Reserving in London
Some tips for your application 🫡
Show Your Customer Service Skills:In the insurance industry, customer service is key! Highlight any experience you have in dealing with clients or customers, whether it's through a part-time job or volunteer work. Remember, we love seeing your potential to communicate effectively and empathise with clients in your application!
Tailor Your CV to Insurance Basics:When crafting your CV, don't forget to include any relevant courses or certifications you've taken in insurance or finance. If you've studied topics related to risk assessment or policy management, mention those! It shows us you're serious about getting into the insurance game.
Craft a Compelling Cover Letter:For entry-level roles, your cover letter is your chance to shine! Share why you're passionate about insurance and how you’re eager to learn and grow in this field. We want to see that you're genuinely excited about building your career with AIG!
Highlight Your Analytical Mindset:Insurance is all about assessing risks and understanding numbers. Make sure to mention any coursework or experience you have with data analysis or critical thinking. Even if it’s from school projects or personal interests, we want to see that you can think analytically!
How to prepare for a job interview at AIG
✨Know Your Basics: The Insurance Fundamentals
Understand the core concepts of insurance, such as risk assessment, underwriting, and claims processes. This knowledge will help us demonstrate our familiarity with the industry and prepare us for any technical questions that might pop up during the interview.
✨Prepare for Behavioural Questions
Insurance companies love behavioural interviews! We should think about times we've shown teamwork, problem-solving, and customer service skills. Reflecting on specific experiences will help us come across as reliable candidates who can handle the challenges of the role.
✨Show Enthusiasm for Learning
As this is an entry-level position, it's crucial to express our eagerness to learn and grow within the company. Employers like AIG want to see that we're enthusiastic about diving into the insurance world and building our knowledge base over time.
✨Research Industry Trends
Staying updated on the latest trends in the insurance sector, like digital transformation and regulatory changes, can set us apart. Mentioning these trends during the interview shows that we’re engaged and have a forward-thinking mindset, aligning well with the company’s goals.
