Join 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-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 [email protected].
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