Reserving Actuary at AIG

London, England, United Kingdom -

Full Time

Start Date

Immediate

Expiry Date

02 Apr, 26

Salary

0.0

Posted On

02 Jan, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Reserving Experience, Data Manipulation, Technical Modelling Skills, Strong Excel Skills, UK GAAP Reporting, US GAAP Reporting

Industry

Insurance

Description

Join us as a Reserving Actuary to take your career to the next level with a global market leader. Make your mark in Talbot With offices in the U.S., London and Asia Pacific, Talbot is the managing agent of Syndicate 1183, Syndicate 2019 and Syndicate 2478 at Lloyd’s. Syndicate 1183 is Talbot’s core trading syndicate and underwrites a number of classes of business including war and terrorism, energy, marine, financial lines, cyber, transport, political risk, crisis management, kidnap & ransom, contingency, property and treaty reinsurance. Through its expert team of underwriters and a balanced, geographically-diverse portfolio of business, Talbot has earned a reputation as an industry-leading insurance and reinsurance specialist. How you will create an impact This is a senior role within the Reserving team, where you will have ownership of reserving and capital processes for our three syndicates. You will gain a breadth of reserving experience across a number of classes and will work closely with stakeholders across the business. Some of the key responsibilities include: Conduct quarterly assessments of in-house actuarial reserve indications on both an ultimate basis and an earned basis, ensuring results are clearly and appropriately presented throughout the business. Conduct quarterly assessments of the Solvency II Technical Provisions and ensure outputs are communicated effectively. Lead and coordinate the parameterisation and validation of Reserve Risk for the capital model Collaborate effectively with both external and internal stakeholders (across the AIG group) - including actuaries, underwriters, portfolio managers and finance teams to perform analyses and optimise portfolios of insurance risks Provide analysis to ensure underwriters and pricing actuaries understand the reserve estimates, enabling appropriate pricing assumptions and ongoing business strategy. Peer-review key components of the quarterly reserving process Support Lloyd’s reporting by working closely with finance teams to meet deadlines Coach and mentor junior actuarial analysts What you’ll need to succeed University degree within a technical field (i.e., Science, Mathematics, Engineering) Qualified actuary Reserving experience, preferably in the Lloyd’s or London Market. Data manipulation and technical modelling skills Strong Excel skills Experience of UK and/or US GAAP reporting would be beneficial. #LI-AIG At AIG, we value in-person collaboration as a vital part of our culture, which is why we ask our team members to be primarily in the office. This approach helps us work together effectively and create a supportive, connected environment for our team and clients alike. 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—to bring peace of mind to you and your family. 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. At AIG, you can go further to support individuals, businesses, and communities, helping them to manage risk, respond to times of uncertainty and discover new potential. We invest in our largest asset, our people, through continuous learning and development, in a culture that celebrates everyone for who they are and what they want to become. Welcome to a culture of inclusion 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 learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The talent of our people is one of AIG’s greatest assets, and we are honored that our drive for positive change has been recognized by numerous recent awards and accreditations. 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. If you believe you need a reasonable accommodation, please send an email to candidatecare@aig.com. Functional Area: AC - Actuarial Talbot Underwriting Services Ltd (TS1) As a global risk leader with deep industry expertise and innovative solutions to smartly manage risk, AIG enables our clients’ growth in ways they never thought possible. We also do the same for our colleagues, because we know our people are our greatest strength – the source of every insight, every idea and every innovation. When we're working as one team to do what's right for our colleagues and our communities, we can achieve excellence together. We encourage colleagues to give back to the causes they care most about, supporting these efforts through our Volunteer Time Off and Matching Grants Programs. Join our Talent Community. Additional information about AIG can be found at www.aig.com | YouTube | Instagram| LinkedIn.

Responsibilities

You will conduct quarterly assessments of actuarial reserve indications and Solvency II Technical Provisions, ensuring effective communication of results. Additionally, you will lead the parameterisation and validation of Reserve Risk for the capital model and collaborate with various stakeholders.