Financial Lines Pricing Actuary

Financial Lines Pricing Actuary

City of London Full-Time 28800 - 48000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Join our Financial Lines team as a Pricing Actuary and shape the future of insurance.
  • Company: AIG, a global leader in insurance solutions with a focus on innovation.
  • Benefits: Comprehensive benefits package, professional development, and a supportive work environment.
  • Why this job: Make a real impact by quantifying risk and collaborating with diverse teams.
  • Qualifications: 6+ years actuarial experience, strong analytical skills, and proficiency in Excel and programming languages.
  • Other info: Inclusive culture that values diversity and fosters continuous learning.

The predicted salary is between 28800 - 48000 £ per year.

Financial Lines Pricing Actuary page is loaded## Financial Lines Pricing Actuarylocations: Londontime type: Full timeposted on: Offre publiée aujourd\’huijob requisition id: JR2505258Join us as a Pricing Actuary in our Financial Lines 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**We are looking for an experienced and commercially minded Pricing Actuary to take one of the leading roles in our Financial Lines team. You will work across a broad range of products – from Professional Indemnity and D&O to Cyber – developing a comprehensive understanding of the market and strong partnerships across underwriting and the wider actuarial function.The role offers the opportunity to lead key pricing, portfolio management, and rater delivery initiatives, collaborating closely with underwriters, product heads and senior management to help shape our analytical and strategic goals in Financial Lines.Some of the key responsibilities include:* Provide the Financial Lines Profit Centres 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.* 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.* Produce pricing analysis for large accounts and schemes within agreed timescales, working closely with underwriters.* Report performance at granular level (account and rating factor) so that underwriters can optimise performance.* Work closely with underwriting management to identify profitable new business and growth opportunities.* Ensure data used for pricing and monitoring is complete, accurate, adequate and timely.* Take ownership of projects and manage junior resources* Comply with key regulatory and risk management procedures.**What you\’ll need to succeed*** Candidates who are a credentialed member of a recognized actuarial society are preferred* At least six years of relevant actuarial experience* Proven proficiency in actuarial pricing concepts/methodologies* Strong analytical and problem-solving skills* Strong business, collaboration, and time management skills. Excellent communication, presentation, and interpersonal skills* Work well both independently and as part of a team* Expertise in Excel and knowledge/experience working in Python, R or other programming languages preferred.* Experience in using cloud platforms (such as AWS) is preferable* Candidates with some management experience preferred#LI-AIGAt 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 – ActuarialAmerican International Group, Inc. #J-18808-Ljbffr

Financial Lines Pricing Actuary employer: American International Group

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. Located in London, our collaborative work culture fosters innovation and inclusivity, allowing actuaries to thrive while making a meaningful impact in the insurance industry. Join us to be part of a team that values your contributions and encourages you to reach your full potential.
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Contact Detail:

American International Group Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Financial Lines Pricing Actuary

✨Tip Number 1

Network like a pro! Reach out to current or former employees at AIG on LinkedIn. Ask them about their experiences and any tips they might have for landing the Pricing Actuary role. Personal connections can give you insights that job descriptions just can't.

✨Tip Number 2

Prepare for the interview by brushing up on your technical skills. Since this role involves pricing models and data analysis, be ready to discuss your experience with Excel, Python, or R. We want to see how you can apply your knowledge in real-world scenarios!

✨Tip Number 3

Showcase your collaboration skills! This role requires working closely with underwriters and other teams. Think of examples from your past where you successfully worked in a team to solve a problem or achieve a goal. We love seeing teamwork in action!

✨Tip Number 4

Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re genuinely interested in joining AIG and being part of our amazing culture. Let’s get you started on this exciting journey!

We think you need these skills to ace Financial Lines Pricing Actuary

Actuarial Pricing Concepts
Analytical Skills
Problem-Solving Skills
Communication Skills
Presentation Skills
Interpersonal Skills
Time Management Skills
Collaboration Skills
Excel Proficiency
Python Knowledge
R Programming Experience
Cloud Platform Experience (AWS)
Project Management
Portfolio Management

Some tips for your application 🫡

Tailor Your CV: Make sure your CV is tailored to the Financial Lines Pricing Actuary role. Highlight your relevant experience, especially in actuarial pricing concepts and methodologies, as well as any management experience you have.

Craft a Compelling Cover Letter: Your cover letter should tell us why you're the perfect fit for this role. Share specific examples of your analytical skills and how you've successfully collaborated with teams in the past.

Showcase Your Technical Skills: Don’t forget to mention your proficiency in Excel and any programming languages like Python or R. If you’ve worked with cloud platforms like AWS, make sure to include that too!

Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role without any hiccups.

How to prepare for a job interview at American International Group

✨Know Your Numbers

As a Pricing Actuary, you'll need to demonstrate your proficiency in actuarial pricing concepts. Brush up on key metrics and methodologies relevant to Financial Lines. Be ready to discuss how you've applied these in past roles, especially in relation to risk quantification and pricing strategies.

✨Showcase Your Analytical Skills

Prepare to tackle some analytical problems during the interview. Practice explaining your thought process clearly and concisely. Use examples from your experience where you successfully solved complex problems or improved pricing models, highlighting your strong analytical skills.

✨Collaboration is Key

This role involves working closely with underwriters and senior management. Be prepared to discuss how you've collaborated with different teams in the past. Share specific examples of how your teamwork led to successful outcomes, particularly in portfolio management or pricing initiatives.

✨Stay Current with Technology

Familiarise yourself with the latest tools and technologies used in actuarial pricing, such as Python, R, and cloud platforms like AWS. Be ready to discuss any relevant projects you've worked on that involved these technologies, showcasing your ability to adapt and innovate in a tech-driven environment.

Financial Lines Pricing Actuary
American International Group
Location: City of London

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