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Pricing Actuarial Analyst

  • Salary Type: Per Annum
  • Salary: £37,688


Pricing Actuarial Analyst

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 products, and other financial services to customers in more than 80 countries and jurisdictions.

Talbot (Lloyd’s of London Syndicate 1183) is a member company of AIG offering both insurance and reinsurance from the London Market with offices and a local presence in Asia Pacific, London, Miami and Santiago.  Talbot are leaders in the War and Terrorism, Energy, Marine, Financial Lines and Cyber insurance sectors. We also focus on additional specialty classes such as transport, political risk, crisis management, kidnap and ransom, contingency, property and treaty reinsurance.

The opportunity

Supporting the Underwriting Department in developing a more profitable books of business; develop the Syndicate Business Forecast (SBF) and Solvency Capital Requirement (SCR) and assist in providing pricing support to the U/W teams during key renewal periods.

Key responsibilities

  • Performing analyses to optimise portfolios of insurance risks;
  • Assess proposed business strategies using scenario testing and other analytical techniques;
  • Identify and monitor key metrics to assess the success of the U/W team in meeting their identified strategic goals;
  • Assist in the development of the SBF and SCR;
  • Perform analyses that support the selection of parameters for the Capital Model;

Ad hoc support of other members of the Pricing Team

This work may include:

  • Core pricing work such as Individual Account Pricing and Model Development
  • Assistance with Management Information and Reporting
  • Support for modernization initiatives
  • Assistance with presentations, memos, and documentation
  • Support for team meetings and meetings with Management
  • Keep abreast of modern analytical techniques
  • Identify ways to use them in the business
  • Coordinate with the TALISMAN and INDEX teams as required
  • Liaise with other analytical teams at Talbot and in the wider Group

About you

As Pricing Actuarial Analyst your skills and qualifications will include:-

  • Data manipulation and technical modelling skills
  • Strong skills in using spreadsheets and databases
  • Knowledge of programming (eg: R, Python)
  • Machine Learning
  • Commercial or Personal Lines pricing experience
  • Portfolio Optimisation techniques
  • University degree
    • Preferably in a technical field (i.e., Science, Mathematics, Engineering)
    • Minimum 2:1

What can Talbot offer you?

In addition to your basic salary, we offer a generous benefits package which includes 25 days holiday; private medical coverage; a highly competitive non-contributory pension scheme and contribution towards a wellbeing activity. 

Talbot is an Equal Opportunities employer and is committed to eliminating discrimination of all types and actively promotes equality, diversity and inclusivity.  We believe that taking a more inclusive approach to all aspects of the employee lifecycle creates an environment that allows talent to flourish, more effective collaboration, greater productivity and strong employee engagement. We also demonstrate our commitment to Corporate Social Responsibility (CSR) through charitable giving and supporting our local community through a range of events and initiatives.

Talbot recognises the desire of employees to work more flexibly both in terms of hours and location and therefore welcome discussions in order to facilitate this where possible.  We are committed to ongoing personal and professional development, and provide a high level of support in order to help all of our colleagues achieve their full potential.

It has been and will continue to be the policy of American International Group, Inc., its subsidiaries and affiliates to be an Equal Opportunity Employer. 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.

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.

Functional Area:

VA - ValidusEstimated Travel Percentage (%): No TravelRelocation Provided: NoTalbot Underwriting Services Ltd (TS1)
Full time
  • Salary: £37,688
  • Salary Type: Per Annum

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London, England, London, SE11, United Kingdom

  • Ad ID:  15664621
  • Ad Type:  Offered
  • Posted on:  11/09/2020, 02:58

American International Group (AIG)

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