AIG
Pricing Actuary (Aerospace)
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Join us as a Pricing Actuary in our Aerospace 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
As a Pricing Actuary, you will be responsible for supporting the Aerospace business, providing pricing analyses and granular performance monitoring.
This is a fantastic role for an experienced pricing actuary who wants to grow their career in this really exciting sector. You will be part of a team which services the Aerospace business globally, so you will get exposure to a broad range of stakeholders, markets and products.
Some of the key responsibilities include:
- Provide the Global Aerospace Business with the actuarial and analytical support they require to profitably grow their business and take remedial action where needed.
- Be actively involved in technical pricing tool development, analysis, and enhancements using Python.
- Report and analyse performance at granular level using R (account and rating factor) so that underwriters can optimise performance.
- Lead on large transformation projects, such as rater development & enhancement in HX and development of rating models.
- 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, monitored, and consistent amongst regions.
- Ensure data used for pricing and monitoring is complete, accurate, adequate, and timely.
- Lead profitability studies and business planning.
- Responsible for training and mentoring junior members of staff.
- Comply with key regulatory and risk management procedures.
- Adherence to Global and matrix decision making standards within the authorities provided.
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What we’re looking for
- Degree in Mathematics or related discipline.
- Significant experience of actuarial pricing within commercial or personal lines.
- Experience leading on actuarial projects.
- Strong coding skills in R and Python.
- Strong analytical and problem-solving skills.
- Excellent communication and interpersonal skills.
#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.
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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. Service Branch) & American International Group UK Ltd
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