Senior Actuarial Analyst - Reserving
Barkingside, Greater London, United Kingdom
Job type: fulltime
Job industry: Banking & Financial Services
AC - Actuarial
Estimated Travel Percentage (%): No Travel
Relocation Provided: No
AESA (UK Services Branch) & AIG UK Ltd
Actuarial professionals with expertise in quantitative analysis, insurance pricing, loss reserving, and risk quantification are integral to AIGs success. We have dedicated Finance Actuaries that play a critical role in assessing the reserve need and thereby ensuring strong financial condition of AIGs insurance operating companies around the world. Our Portfolio Analytics and Pricing Actuaries focus on directly supporting AIGs businesses and are responsible for technical pricing, product development analytics, performance monitoring and measurement, as well as assessment of reinsurance needs. This team also works with marketing, operations, and financial management to achieve AIGs business objectives.
As an influencer at AIG, people come to you as a go-to source for help and support because of your deep knowledge and expertise. As a more experienced team member, you are capable of driving continual improvement and impacting the way that things get done. Because of your influence, whether direct or indirect, we are able to deliver powerful outcomes for our clients.
The role involves supporting key reserving activities across AIG UK & Europe and assist in capital modelling projects. More specifically, this involves:
¢Assist in the production of Legal Entity reserve estimates, both gross and net of Reinsurance
¢Assist the liaison with the claims team around impact of initiatives, and specific IBNR areas (eg CAT, financial crisis)
¢Assist in production of key reserving results and analytics to take key stakeholders (internal and external to actuarial) through the results.
¢Working with reinsurance to ensure ongoing understanding of outwards RI changes impacting their lines of business
¢Provide inputs into actuarial reporting
¢Business Planning: Assist in the production of Legal Entity and production office Loss Ratios
Capital Model Calibration and SII:
¢Involvement in the capital model calibration process and support in other key SII activities
The Ideal Candidate Should Have:
¢ Bachelors degree or equivalent
¢ Nearly qualified (or well progressed) member of an Actuarial Institute
¢ Proven proficiency in actuarial concepts/methodologies
¢ Proficiency in reserving software e.g. ResQ
¢ Knowledge of VBA and SQL (preferred but not required)
¢ Ability to forge relationships with other areas of the business
¢ Ability to work under own initiative, be proactive and show flexibility to meet business needs
¢ Ability to meet tight deadlines and prioritise own work
¢ Professional behaviour with high level of integrity
Closing Date for Applications is Wednesday 3rd April 2019
£Competitive Salary + Bonus + Benefits
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.