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AIG

Senior Actuarial Analyst

AIG is hiring a Senior Actuarial Analyst in London, United Kingdom. Level rates it ; you can apply on AIG.

Level's read on this job

  • Level rates this role Little AI ●○○○: aI is not part of the work.
  • Tools and skills the posting cites include Excel, VBA and R.
  • Level classifies it as a senior role.
  • Level lists 403 other open roles at AIG.
  • The role was posted within the past two weeks.

AI in this role

Senior Actuarial Analyst responsible for casualty pricing, technical pricing tool development, and risk quantification.

excelvbarpython
actuarial-analysispricingrisk-quantificationstatistical-modeling

Join us as a Senior Actuarial Analyst within our Casualty 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

You will make a key contribution to our performance in Actuarial by being actively involved in profitability studies, portfolio deep dives, working with underwriters on large account pricing, and pricing model development & enhancements. 


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
  • 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

#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 candidatecare@aig.com.  

Functional Area:

AC - Actuarial

AIG Europe S.A. (U.K. Branch) & American International Group UK Ltd

How we rate this

Senior Actuarial Analyst at AIG rates 10 out of 100 for how much of the daily work is AI. That makes it Little AI (AI Level 1 of 4). The level is about AI in the job, not seniority.

Classification

Little AI. AI is not part of the work.

  1. ●●●● Builds AI80 to 100
  2. ●●●○ Works on AI60 to 79
  3. ●●○○ Uses AI40 to 59
  4. ●○○○ Little AI0 to 39

Levels come from how often the tools, models and workflows of the role are named in the posting itself. Read the description and count the AI tools, models and workflows it names.

Prepare for this job

Built from this posting and from similar jobs on Level.

Skills and AI tools this role asks for

Actuarial AnalysisPricingRisk QuantificationStatistical ModelingExcelVBARPython

Questions you could be asked

  1. Tell me about a project where actuarial analysis was part of your work. What did you do?
  2. Tell me about a project where pricing was part of your work. What did you do?
  3. Tell me about a project where risk quantification was part of your work. What did you do?
  4. Tell me about a project where statistical modeling was part of your work. What did you do?
  5. Walk me through how you've used Excel in your day-to-day work.

Adapt your resume

  • List these exact terms on your resume: Actuarial Analysis, Pricing, Risk Quantification, Statistical Modeling, and Excel. An applicant tracking system matches the wording, not the idea.
  • Attach one line of real, concrete experience to at least one of them. A tool named with nothing behind it rarely survives a human read.

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