Pricing Actuary - UK Real Estate

Overview

Join us as a Pricing Actuary in our Property team to take your career to the next level with an international market leader. Make your mark in Actuarial. Our actuaries quantify risk, price insurance, and reserve losses for AIG’s major insurance operating companies globally. We collaborate with Finance, Claims, Operations, Marketing, and Risk Management to help predict, manage, and mitigate risk.

Role and Impact

You will be responsible for supporting the UK Property business by providing pricing analysis and granular performance monitoring, primarily for the Real Estate portfolio. This is a fantastic role for an experienced pricing actuary who wants to grow their career in this growing sector. You will be part of a team that services the Property business globally, exposing you to a broad range of stakeholders, markets, and products.

Responsibilities

• Provide the UK & EMEA Property Business with actuarial and analytical support to profitably grow the business and take remedial action where needed.
• Be actively involved in technical pricing tool development, analysis, and enhancements using Python.
• Work with underwriters to produce transactional pricing analysis for accounts within agreed timescales.
• Report and analyse performance at a granular level using R (account and rating factor) to help underwriters optimise performance.
• Contribute to large transformation projects, such as rater development and enhancement in HX and the development of rating models.
• In coordination with the actuarial pricing team, monitor rates at renewal and new business; ensure technical pricing models are in place and reviewed regularly, with any deviation justified and consistent across regions.
• Ensure data used for pricing and monitoring is complete, accurate, adequate, and timely.
• Lead profitability studies and business planning.
• Train and mentor junior staff.
• Comply with key regulatory and risk management procedures.
• Adhere to European and matrix decision-making standards within the provided authorities.

What we’re looking for

• Degree in Mathematics or a related discipline.
• Nearly or newly qualified Actuary.
• Actuarial experience in Commercial Property, UK Real Estate, or similar short-tail lines of business is preferred.
• Strong coding skills in R and/or Python.
• Strong analytical and problem-solving skills.
• Excellent communication and interpersonal skills with the ability to explain actuarial concepts to non-specialists.

Our People & Culture

At AIG, we value in-person collaboration as a vital part of our culture. We encourage team members to be primarily in the office to work effectively and create a supportive, connected environment for our team and clients alike.

Benefits

We offer a comprehensive Total Rewards Program focused on health, wellbeing, financial security, and professional development to support you and your family.

About AIG

American International Group, Inc. (AIG) is a global leader in commercial and personal insurance solutions with a broad property casualty network. We invest in our people through continuous learning and development and foster an inclusive culture that values diverse talents and perspectives.

Inclusion & Equal Opportunity

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. We are committed to reasonable accommodations for job applicants and employees with disabilities. If you need a reasonable accommodation, please email candidatecare@aig.com.

Functional Area: AC - Actuarial

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