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- Tasks: Join our Financial Lines team as a Senior Actuarial Analyst and tackle exciting projects.
- Company: AIG, a global leader in insurance solutions, values innovation and collaboration.
- Benefits: Comprehensive benefits package focusing on health, wellbeing, and professional development.
- Why this job: Make a real impact in the dynamic world of specialty insurance and risk management.
- Qualifications: Bachelor's degree in Mathematics/Actuarial Science and 2+ years of actuarial experience required.
- Other info: Inclusive culture that celebrates diversity and fosters continuous learning.
The predicted salary is between 36000 - 60000 £ per year.
Join us as a Senior Actuarial Analyst within 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 a curious, driven and commercially minded Pricing Actuary to join our Financial Lines team – one of the most dynamic and diverse areas of specialty insurance. You will have a chance to work across a broad range of products – from Professional Indemnity and D&O to Cyber and involved in portfolio management, large account pricing, granular performance monitoring and technical model development. You will work on diverse projects and collaborate closely with the business to drive better outcomes across our portfolio.
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 preferable
- 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 candidatecare@aig.com.
Senior Actuarial Analyst - Marine in London employer: American International Group
Contact Detail:
American International Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Actuarial Analyst - Marine in London
✨Tip Number 1
Network like a pro! Reach out to current or former employees at AIG through LinkedIn. Ask them about their experiences and any tips they might have for landing the Senior Actuarial Analyst 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 you'll be working with pricing models and coding, make sure you're comfortable discussing your experience with VBA, R, or Python. We want to see how you can apply these skills in real-world scenarios!
✨Tip Number 3
Show off your communication skills! During interviews, highlight how you've collaborated with different teams in the past. AIG values strong relationships across departments, so demonstrate how you can bridge gaps and drive better outcomes together.
✨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 dynamic Financial Lines team.
We think you need these skills to ace Senior Actuarial Analyst - Marine in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Senior Actuarial Analyst role. Highlight your relevant experience in pricing and reserving, and don’t forget to showcase your strong MS Excel skills and coding abilities in VBA, R, or Python.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to express your curiosity and drive, and explain how your background aligns with our Financial Lines team. Show us why you’re the perfect fit for this dynamic area of specialty insurance.
Showcase Your Communication Skills: As a Senior Actuarial Analyst, you'll need to forge relationships across various teams. In your application, give examples of how you've effectively communicated complex actuarial concepts to non-technical stakeholders.
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It’s the best way for us to receive your application and ensure it gets the attention it deserves. Don’t miss out on this opportunity!
How to prepare for a job interview at American International Group
✨Know Your Numbers
As a Senior Actuarial Analyst, you'll be expected to have a strong grasp of mathematical concepts and data analysis. Brush up on your statistical knowledge and be ready to discuss how you've applied these skills in previous roles. Prepare examples of your work with pricing models or risk assessments to showcase your expertise.
✨Showcase Your Coding Skills
Since coding is a key part of the role, make sure you’re comfortable discussing your experience with VBA, R, or Python. Consider preparing a small project or example that demonstrates your coding ability, especially if it relates to actuarial tasks. This will help you stand out as a candidate who can contribute immediately.
✨Communicate Effectively
Strong communication skills are essential for this position. Practice explaining complex actuarial concepts in simple terms, as you’ll need to collaborate with underwriters and other departments. Think of scenarios where you successfully communicated findings or recommendations and be ready to share those stories.
✨Understand the Business
Familiarise yourself with AIG's products and the financial lines sector. Research recent trends in the insurance market, particularly in areas like Professional Indemnity and Cyber insurance. Being able to discuss how these trends impact pricing and risk management will show your genuine interest in the role and the company.
