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- Tasks: Join our Aerospace team as a Pricing Actuary, analysing risk and pricing insurance.
- Company: AIG is a global leader in insurance solutions, committed to innovation and excellence.
- Benefits: Enjoy a comprehensive benefits package focusing on health, wellbeing, and professional development.
- Why this job: This role offers exposure to diverse markets and the chance to lead impactful projects.
- Qualifications: Degree in Mathematics or related field; experience in actuarial pricing; strong coding skills required.
- Other info: AIG values in-person collaboration and fosters a culture of inclusion and continuous learning.
The predicted salary is between 43200 - 72000 £ per year.
Senior Pricing Actuary (Global Specialty)
Senior Pricing Actuary (Global Specialty)
American International Group, Inc. London, United Kingdom
Senior Pricing Actuary (Global Specialty)
American International Group, Inc. London, United Kingdom
Senior Pricing Actuary (Global Specialty)
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 candidatecare@aig.com. Functional Area: AC – Actuarial AIG Europe S.A. (U.K. Branch) & American International Group UK Ltd
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Allied World Assurance Company Holdings, Ltd
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Senior Pricing Actuary (Global Specialty) | London, UK (London) employer: American International Group, Inc.
Contact Detail:
American International Group, Inc. Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Pricing Actuary (Global Specialty) | London, UK (London)
✨Tip Number 1
Network with professionals in the actuarial field, especially those who work in pricing or aerospace. Attend industry events or webinars to connect with potential colleagues and learn more about the specific challenges and innovations in this sector.
✨Tip Number 2
Familiarise yourself with the latest trends in actuarial pricing and risk management, particularly in the aerospace industry. This knowledge will not only help you during interviews but also demonstrate your genuine interest in the role and the company.
✨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 that showcase your ability to develop technical pricing tools.
✨Tip Number 4
Prepare to discuss your experience in leading transformation projects and mentoring junior staff. Be ready to share specific examples of how you've successfully managed teams or projects, as this will highlight your leadership capabilities.
We think you need these skills to ace Senior Pricing Actuary (Global Specialty) | London, UK (London)
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. Mention specific experiences that align with the responsibilities listed in the job description, such as leading transformation projects or developing technical pricing tools.
Showcase Your Analytical Skills: Provide examples of how you've used data analysis to drive business decisions or improve performance. Highlight any experience you have with profitability studies or monitoring rates for technical pricing models, as these are key aspects of the role.
Prepare for Technical Questions: Be ready to discuss your technical skills in detail during the interview process. Brush up on your knowledge of actuarial principles, coding languages, and any relevant software tools. This will help you demonstrate your expertise and confidence in the field.
How to prepare for a job interview at American International Group, Inc.
✨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 profitability studies, 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 teams, be ready to discuss your experience working in cross-functional environments. Share examples of how you've successfully collaborated with finance, claims, or marketing teams to achieve common goals.
