Portfolio Solutions Pricing Actuary

Portfolio Solutions Pricing Actuary

Full-Time 60000 - 80000 £ / year (est.) No home office possible
American International Group

At a Glance

  • Tasks: Lead pricing for diverse insurance portfolios and support underwriters in developing profitable solutions.
  • Company: Join AIG's Talbot, a global leader in insurance with a collaborative culture.
  • Benefits: Comprehensive benefits package focusing on health, wellbeing, and professional development.
  • Other info: Inclusive culture that values diversity and continuous learning opportunities.
  • Why this job: Make a real impact in the insurance industry while growing your career with a top-tier company.
  • Qualifications: Qualified actuary with pricing experience and strong analytical skills.

The predicted salary is between 60000 - 80000 £ per year.

Join us as a Portfolio Solutions Pricing Actuary to take your career to the next level with a global market leader.

Talbot operates within the Lloyd’s Insurance Market through Syndicate 1183 and Syndicate 2019. With an expert team of highly skilled and experienced underwriters and a balanced, geographically diverse portfolio of business, Talbot has earned a reputation as an industry leading insurance specialist. Talbot writes a diversified portfolio including Crisis Management, Energy, Financial Lines, Marine, Political Risk, Property and Terrorism. Drawing on our deep industry expertise, Talbot develops tailored insurance solutions that address clients’ evolving and often unique needs. Part of AIG since 2018, Talbot is committed to working with brokers and clients to deliver industry leading solutions. It is headquartered in London with offices in New York and Singapore.

This is a fantastic role for a qualified actuary to join our team. You will lead the pricing of our Portfolio solutions division. You will have the opportunity to network with senior stakeholders across the business. The role will cover multiple classes and is a key role supporting Talbot’s strategic initiative.

Some of the key responsibilities include:

  • Work across opportunities that cover multi line propositions and support Underwriters to develop more profitable portfolios through:
  • Pricing assessment of existing and new portfolio opportunities
  • Regular monitoring of portfolio
  • Assist in the collection and research of pricing data, and then in the development of analysis and reporting of pricing data.
  • Evolve pricing standards as per market requirements (eg: Lloyds BPPF, consistency with AIG)
  • Drive and embed pricing governance within the team (developing clear audit trails, setting governance priorities)
  • Introduce new profitability studies which define how the team approaches planning going forwards for this segment
  • Lead the business planning of the division and assist in parameterising the capital model
  • What you’ll need to succeed:

    • Numerical degree
    • Qualified Actuary
    • Pricing experience within General Insurance
    • Multiclass experience preferred
    • Data manipulation and technical modelling skills
    • Coding experience desirable
    • Strong analytical skills
    • Strong communicator
    • Strong organisational skills with excellent attention to detail

    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.

    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.

    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.

    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.

    Portfolio Solutions Pricing Actuary employer: American International Group

    At AIG, we pride ourselves on being an exceptional employer, offering a dynamic work environment in the heart of London. Our commitment to employee growth is reflected in our comprehensive Total Rewards Program, which prioritises health, wellbeing, and professional development. Join us to be part of a culture that values collaboration, inclusion, and innovation, where your contributions will make a meaningful impact in the insurance industry.
    American International Group

    Contact Detail:

    American International Group Recruiting Team

    StudySmarter Expert Advice 🤫

    We think this is how you could land Portfolio Solutions Pricing Actuary

    ✨Tip Number 1

    Network like a pro! Reach out to current employees at Talbot or AIG on LinkedIn. Ask them about their experiences and any tips they might have for landing the Portfolio Solutions Pricing Actuary role. Personal connections can make a huge difference!

    ✨Tip Number 2

    Prepare for the interview by brushing up on your pricing experience and analytical skills. Be ready to discuss how you've tackled similar challenges in the past. Show them you’re not just a qualified actuary, but someone who can bring real value to their team.

    ✨Tip Number 3

    Don’t underestimate the power of follow-ups! After your interview, send a thank-you email to express your appreciation for the opportunity. It’s a great way to keep your name fresh in their minds and show your enthusiasm for the role.

    ✨Tip Number 4

    Apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in joining the team at Talbot. Let’s get you that dream job!

    We think you need these skills to ace Portfolio Solutions Pricing Actuary

    Numerical Skills
    Qualified Actuary
    Pricing Experience in General Insurance
    Multiclass Experience
    Data Manipulation Skills
    Technical Modelling Skills
    Coding Experience
    Analytical Skills
    Communication Skills
    Organisational Skills
    Attention to Detail

    Some tips for your application 🫡

    Tailor Your CV: Make sure your CV is tailored to the Portfolio Solutions Pricing Actuary role. Highlight your pricing experience and any relevant projects that showcase your analytical skills. We want to see how you can make an impact!

    Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your background as a qualified actuary fits with our needs at Talbot. Let us know what makes you tick!

    Showcase Your Skills: Don’t forget to highlight your data manipulation and technical modelling skills in your application. If you have coding experience, mention it! We love seeing candidates who can bring those extra skills to the table.

    Apply Through Our Website: We encourage you to apply through our website for the best chance of getting noticed. It’s the easiest way for us to keep track of your application and ensure it reaches the right people. Good luck!

    How to prepare for a job interview at American International Group

    ✨Know Your Numbers

    As a Portfolio Solutions Pricing Actuary, you'll need to demonstrate your numerical prowess. Brush up on your pricing experience within General Insurance and be ready to discuss specific examples of how you've successfully assessed pricing for multi-class propositions.

    ✨Showcase Your Analytical Skills

    Prepare to highlight your strong analytical skills during the interview. Bring along examples of how you've manipulated data and developed technical models in previous roles. This will show that you can handle the complexities of pricing governance and profitability studies.

    ✨Communicate Clearly

    Strong communication is key in this role, especially when networking with senior stakeholders. Practice articulating your thoughts clearly and concisely. Consider preparing a few questions to ask them about their approach to pricing and portfolio management.

    ✨Emphasise Team Collaboration

    Since AIG values in-person collaboration, be prepared to discuss how you've worked effectively in teams before. Share experiences where you supported underwriters or collaborated on business planning, showcasing your organisational skills and attention to detail.

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