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Position: AIG Life UK - Junior Actuarial Pricing Analyst
Institution: American International Group, Inc.
Location: United Kingdom
Duties: This role sits within the Pricing function which covers both Individual and Group protection and is structured into four areas; Intermediary, Partnerships, Group and Projects. The Chief Pricing Actuary leads the team and this role will sit within the Partnerships team; The Actuarial Analyst will support the Pricing Actuary in a wide range of potential exercises relating to: pricing, reinsurance, distribution, product development or other commercial actuarial work
Requirements: Part qualified actuary; 2.1 degree or higher with B grade or better in Mathematics GCSE (or equivalent qualification); Good experience of working in a direct life office or reinsurer; Knowledge and understanding of various profit measures used for pricing, reporting, and the principle cash flows for Protection business
   
Text: Skip to main content careers AIG Life UK - Junior Actuarial Pricing Analyst Fenchurch Street Apply AIG Life - Junior Actuarial Pricing Analyst Who we are American International Group, Inc. (AIG) is a leading global insurance organization. Building on 100 years of experience, today AIG member companies provide a wide range of property casualty insurance, life insurance, retirement solutions, and other financial services to customers in more than 80 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security. Get to know the business Come and join an ambitious and growing company that helps people plan for the future. We’re an innovative business who want to stand out from the crowd. At AIG Life UK, we are experts in protection. It’s what we do. We look after over 1.2 million people, specialising in life insurance, income protection, critical illness cover and more. For us, protection products are about more than financial security, it’s about helping people live better lives, supporting them when they need us most. This is reflected in our culture - we believe that the best things we do in life, we do for others. As we grow, we take tremendous pride in seeing our employees grow with us, and are committed to attracting, nurturing and developing the best talent. About the role What you need to know: This role sits within the Pricing function which covers both Individual and Group protection and is structured into four areas; Intermediary, Partnerships, Group and Projects. The Chief Pricing Actuary leads the team and this role will sit within the Partnerships team. The Actuarial Analyst will support the Pricing Actuary in a wide range of potential exercises relating to: pricing, reinsurance, distribution, product development or other commercial actuarial work. There are a number of areas of core work that analysts within the team are expected to complete. These are regular re-pricing exercises for existing products, producing rates for new products, responding to tenders for new distribution partners and analysing the results of reinsurance tenders. Analysts will be expected to own these processes, continually looking for ways to optimise and improve efficiency Key skills: Expert communication skills, both written and verbal Experience of cash flow modelling tools (e.g. Mo.Net, Moses, VIP, Prophet) Attention to detail Highly organised Work well in a team, under pressure and to tight deadlines Technical skills and expertise: Part qualified actuary 2.1 degree or higher with B grade or better in Mathematics GCSE (or equivalent qualification) Good experience of working in a direct life office or reinsurer Knowledge and understanding of various profit measures used for pricing, reporting, and the principle cash flows for Protection business Knowledge of the UK Protection market (competitors, distribution, products) Knowledge of Protection new business processes, including underwriting and claims, competitive pricing knowledge, experience analyses and basis setting methodology Knowledge of reinsurance in the UK Protection market (reinsurance structures, pricing approaches, profit measures) Benefits: We also believe in fostering our employees’ development and offer a range of learning opportunities for employees to hone their professional skills to position themselves for the next steps of their careers. AIG also has a devoted learner program for eligible employees to enhance their education, skills, and knowledge in areas that relate to their current position or future positions to which they may transfer or progress. Flexibility is a highly valued part of our culture. Be that the ability to work part time, shifts, term-time only or be based at home, flexibility helps ensure all our people can have a rewarding career. We firmly believe that the more support we provide to keep you happy and healthy, the better environment we all work in. As a result, we offer a range of benefits and support that help you create long-term wellbeing habits, including our industry leading Smart Health product. In addition to a competitive salary, and our generous benefits package, there are lots of great reasons to join us. Take a look on our career pages for more details about our flexibility, commitment to health and wellbeing, and how you can grow with the company We are an Equal Opportunity Employer We believe our workforce should reflect our customer base and the areas where we operate. With a diverse workforce, our people are what makes the business great and we want everyone to feel you can be you at AIG. We have very active employee led groups who champion different inclusive agendas and our returnship programme helps people who have been away from work for a while to come back into a professional and rewarding career. Being you @AIG -We’re a progressive, open minded, forward thinking bunch of people who value the unique experiences we all bring with us. So if you’re smart and good at what you do, come and be you at AIG. We are an Equal Opportunity Employer American International Group, Inc., its subsidiaries and affiliates are committed to be an Equal Opportunity Employer and its’ policies and procedures reflect this commitment. We provide 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 such as sexual orientation. At AIG, we believe that diversity and inclusion are critical to our future and our mission - creating a foundation for a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives. To learn more please visit: https://www.aig.com/about-us/diversity-equity-and-inclusion AIG is committed to working with and providing reasonable accommodations to job applicants and employees with physical or mental disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to complete any part of the application or hiring process, please send an email to candidatecare@aig.com. Reasonable accommodations will be determined on a case-by-case basis. Functional Area: AC - Actuarial Estimated Travel Percentage (%): No Travel Relocation Provided: No AIG Life Limited Apply Posted 30+ Days Ago Full time JR2108550 About Us We're a leading global insurance organization with operations in approximately 80 countries and jurisdictions. We provide a wide range of property casualty insurance, life insurance, retirement solutions, and other financial services to support our clients in business and in life through our General Insurance, Life & Retirement and Investments business units. What unites us across all of these offerings is our commitment to helping individuals, businesses and communities prepare for and respond to times of uncertainty. Whether serving those facing natural disasters or millions of Americans striving for a financially secure retirement, we have the specialist expertise to help clients better manage risk. We’re also committed to doing the right thing for our people and the communities where we work and live. It’s why we seek to offer what matters to our ever-diversifying team - like flexible and creative work environments, professional growth opportunities and forums to advocate for one another and incite change. We encourage employees to give back to the causes they care most about, supporting these efforts through our Volunteer Time Off and Matching Grants Programs. Join our Talent Network . Additional information about AIG can be found at www.aig.com | YouTube | Twitter | LinkedIn. These references with additional information about AIG have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Follow Us © 2022 Workday, Inc. All rights reserved.
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