At a Glance
- Tasks: Join our Casualty team as a Senior Actuarial Analyst and quantify risk for global insurance.
- Company: AIG, a leading international insurance provider with a collaborative culture.
- Benefits: Comprehensive benefits package focusing on health, wellbeing, and professional development.
- Other info: Inclusive culture that values diversity and offers excellent career growth opportunities.
- Why this job: Make a real impact in the insurance industry while developing your actuarial skills.
- Qualifications: Bachelor's degree in Mathematics/Actuarial Science and 2+ years of actuarial experience required.
The predicted salary is between 49500 - 60500 £ per year.
Join us as a Senior Actuarial Analyst within our Casualty 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
You will make a key contribution to our performance in Actuarial by being actively involved in profitability studies, portfolio deep dives, working with underwriters on large account pricing, and pricing model development & enhancements. 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.
What you’ll need to succeed
- Bachelors degree or equivalent in Mathematics/Actuarial Science
- Part qualified actuary
- 2+ years’ actuarial experience in pricing or reserving.
- Strong MS Excel skills
- Strong coding ability in either VBA, R or Python
- 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
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 Area:AC - ActuarialAIG Europe S.A. (U.K. Branch) & American International Group UK Ltd.
Senior Actuarial Analyst employer: American International Group, Inc.
AIG is an exceptional employer that fosters a collaborative and innovative work culture, making it an ideal place for professionals looking to excel in the field of Identity and Access Management. With a strong emphasis on employee growth, AIG offers comprehensive training programs and opportunities to lead impactful IAM projects, all while being part of a global team dedicated to securing identity lifecycles. Located in a vibrant area, employees enjoy a dynamic work environment that encourages creativity and teamwork.
Contact Details:
American International Group, Inc. Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Senior Actuarial Analyst
✨Dive Into Industry Networking Events
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We think you need these skills to ace Senior Actuarial Analyst
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at American International Group, Inc..
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How to prepare for a job interview at American International Group, Inc.
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at American International Group, Inc. to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at American International Group, Inc., they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding American International Group, Inc.'s values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
