Pricing Actuary - UK Real Estate

Join us as a Pricing Actuary in our Property 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 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 be responsible for supporting the UK Property business, providing pricing analysis and granular performance monitoring, primarily for the Real Estate portfolio.

This is a fantastic role for an experienced pricing actuary who wants to grow their career in this exciting and growing sector. You will be part of a team which services the Property business globally, so you will get exposure to a broad range of stakeholders, markets and products.

Some of the key responsibilities include:

Provide the UK & EMEA Property 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.

Work with underwriters to produce transactional pricing analysis for accounts within agreed timescales

Report and analyse performance at granular level using R (account and rating factor) so that underwriters can optimise performance.

Work on large transformation projects, such as rater development & enhancement in HX and development of rating models

In co-ordination with the actuarial pricing team, monitor rates at renewal and new business, ensure technical pricing models are in place and reviewed regularly and that any deviation is justified, monitored, and consistent amongst regions.

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 European and matrix decision making standards within the authorities provided.

What we’re looking for

Degree in Mathematics or related discipline

Nearly or newly qualified Actuary

Actuarial experience in Commercial Property, UK Real Estate or similar short tail lines of business preferred

Strong coding skills in R and / or Python

Strong analytical and problem-solving skills.

Excellent communication and interpersonal skills with the ability to communicate actuarial concepts to non-specialists