Pricing Actuary (Aerospace)

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 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 exciting sector. You will be part of a team that services the Aerospace business globally, gaining 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 a 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 coordination with the actuarial pricing team, monitor rates at renewal and new business, ensuring technical pricing models are in place and reviewed regularly.
• 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.

What we’re looking for

• Degree in Mathematics or related discipline.
• 5 plus years experience of actuarial pricing within General Insurance.
• Strong coding skills in R and VBA; Python desirable.
• Strong analytical and problem-solving skills.
• Excellent communication and interpersonal skills.

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.

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.

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).

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.