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 an impact by quantifying risk and shaping the future of insurance.
- Qualifications: Bright graduates with a passion for actuarial science and analytical skills.
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.
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 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.
- 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 in London employer: American International Group
AIG is an exceptional employer for Actuarial Analysts, offering a dynamic work environment in London where innovation and collaboration thrive. With a strong focus on employee development, we provide comprehensive training and career progression opportunities, ensuring that you can grow your technical skills while making a significant impact in the insurance industry. Join us to be part of a supportive culture that values your contributions and encourages you to reach your full potential.
Contact Details:
American International Group Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Actuarial Analyst in London
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like American International Group). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like American International Group. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Actuarial Analyst in London
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.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at American International Group. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at American International Group
✨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 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, 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'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.
