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Join us as a Reserving Actuary to take your career to the next level with an international market leader.
This is a fantastic role for a part qualified or nearly qualified actuary who wants to progress their career. You will be on the front line and will get exposure to a broad range of senior stakeholders across the business, including the Chief Actuaries and Underwriters, and you will have the opportunity to get involved in some interesting global transformation projects. The insights you derive from reserving will drive underwriting strategy and you will have the opportunity to make a real impact on the business.
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 make an impact
The role involves leading the regulatory reporting activities for AIG UK and AIG Europe, in addition to overseeing the production of reserving analyses for Lex-London and other key actuarial analyses.
Some of the key responsibilities include:
- Oversee the production of the Solvency II technical provisions and associated Pillar III returns.
- Lead the annual Detailed Valuation Review (“DVR”) of the underlying SII assumptions (e.g. ENIDs, expenses, cashflow patterns, FMAs etc.) and communicating results to actuarial and non-actuarial stakeholders.
- Manage the review process with UK & EMEA Chief Actuaries and other key stakeholders.
- Maintain and develop key templates required for the capital model calibration process.
- Assist with queries and requests from the Prudential Regulation Authority (“PRA”) and Commissariat aux Assurances (“CAA”).
- Act as the actuarial business partner for Lex-London portfolio, involving the production of reserving results and analytics to be presented to key stakeholders, including significant exposure to Senior Underwriting Management.
- Perform reserve analyses and peer reviews for US domiciled business across all Product Lines.
- Lead the actuarial reserve review for Periodic Payment Orders (“PPOs”), providing recommendations on ultimate reserves positions, IBNR and reserves uncertainty.
- Produce quarterly cashflow analytics used for investment management and business planning.
- Manage and develop junior actuarial staff.
What you’ll need to succeed:
- BS in Actuarial Science, Mathematics, Statistics, or related field
- Significant experience in Reserving and calculation of the Solvency II technical provisions
- Proven proficiency in actuarial concepts/methodologies
- Strong analytical and problem-solving skills
- Strong business and collaboration skills; responsive to service needs and operational demands
- Expertise in Excel, Access, VBA, SQL, or other programming languages
- Excellent communication, presentation, and interpersonal skills
#LI-AIG
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 belonging
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 our flexible work arrangements, diversity and inclusion learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The diversity 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].
Functional Area:
AC - Actuarial
AIG Europe S.A. (U.K. Service Branch) & American International Group UK Ltd
