Senior Actuarial Analyst - Pricing
Job details
Join us as a Senior Actuarial Analyst to take your career to the next level with an international market leader. Check below to see if you have what is needed for this opportunity, and if so, make an application asap. 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 You will make a key contribution to our performance in Actuarial by being actively involved in profitability studies, portfolio deep dives, working with underwriters on large account pricing, and pricing model development & enhancements. Key responsibilities include:
- Analyse the profitability of the Property Portfolio.
- Work closely with underwriting to develop pricing and underwriting strategies and identify pockets of profitable growth opportunities.
- Monitor rate, exposure, retention and new business changes. Monitor loss trends and relevant industry/regulatory changes and effectively communicate to management.
- Assist in providing business solutions to maximize risk adjusted profit. Develop analytical tools to help business effectively manage existing portfolios.
- Work closely with reserving actuaries to understand reserve development and inform them of pricing and underwriting actions that will impact reserve estimates.
- Develop granular profitability improvement strategies.
- Assist in researching and developing best practices pricing techniques to be implemented across the business.
- Partner with Reserving Actuaries in assessing the impact of loss trends and claims emergence
- Partner with underwriters in assessing the impact of changes in appetite and portfolio mix.
- Bachelors degree or equivalent (Mathematics/Actuarial or related).
- Student member of an Actuarial Institute with partial progression through the exams.
- 3 plus years of Pricing experience
- Strong business and collaboration skills and responsive to service needs and operational demands.
- Ability to work under own initiative, be proactive and show flexibility to meet business needs.
- Excellent communication, presentation, interpersonal, analytical and problem-solving skills.
- Coding and/or modelling experience in Excel, SQL, Python, R or other programming languages advantageous
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