Who we are

American International Group, Inc. (AIG) is a leading global insurance organisation. Building on 100 years of experience, today AIG member companies provide a wide range of property casualty insurance, life insurance, retirement solutions, and other financial services to customers in more than 80 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security. AIG Life Limited in the U.K. (AIG Life UK) is wholly owned subsidiary of Corebridge Financial, Inc.

Get to know the business

Come and join an ambitious and growing company that helps people plan for the future.  We’re an innovative business who want to stand out from the crowd. At AIG Life UK, we are experts in protection. It’s what we do. We look after over 1.2 million people, specialising in life insurance, income protection, critical illness cover and more. For us, protection products are about more than financial security, it’s about helping people live better lives, supporting them when they need us most.

This is reflected in our culture - we believe that the best things we do in life, we do for others.  As we grow, we take tremendous pride in seeing our employees grow with us, and are committed to attracting, nurturing and developing the best talent. 

About the role

What you need to know:

The Pricing function at AIG Life covers Intermediary Pricing, Partnership Pricing and Group Pricing. The roles within the team are specific to one of those broad functions and the team is led by the Chief Pricing Actuary.

This role fits within the Intermediary Pricing team. This team helps drive and deliver the Intermediary business unit’s commercial agenda through pricing and proposition support.

The Actuarial Analyst will support the Senior Actuarial Assistant (Intermediary) in a wide range of potential exercises relating to: pricing strategy and execution, distribution management, portfolio management, product development or other commercial actuarial work.

There are a number of areas of core work that Actuarial Analysts within the team are expected to complete.  These are regular re-pricing exercises for existing products, producing rates for new products, portfolio monitoring and analysing business intelligence data. Senior Analysts will be expected to own these processes, continually looking for ways to optimise and improve efficiency.

Study support toward the Actuarial exams will be provided with this role and the Actuarial Analyst will be assigned a mentor to oversee their development.

Key responsibilities:

·       To produce suitable and accurate market premium rates to agreed deadlines.

·       To provide input into the development and execution of the portfolio’s pricing strategy of AIG Life’s leading protection products that maximise profitability for target volumes.

·       To assist in the derivation of commercial terms for particular distribution opportunities.

·       To monitor the market to pro-actively develop new pricing strategies

·       To analyse drivers of profitability and emerging experience.

What we’re looking for:

Principal skills:

·       Expert communication skills, both written and verbal

·       Expert knowledge and commercial acumen of the UK life and health protection market

·       Advanced skills in Excel, VBA, SQL and Python.

·       Experience of cash-flow modelling tools (e.g. Mo.Net, Moses, VIP, Prophet)

·       Attention to detail

·       Highly organised

·       Able to work well in a team, under pressure and to tight deadlines

Technical skills and expertise:

·       2.1 degree or higher with B grade or better in Mathematics GCSE (or equivalent qualification)

·       Experience of working in a direct life office or reinsurer would be advantageous, but not essential

·       Knowledge and understanding of various profit measures used for pricing and reporting and the principle cash-flows for Protection business

·       Knowledge of the UK Protection market (competitors, distribution, products)

·       Knowledge of Protection new business processes, including underwriting and claims, competitive pricing knowledge, experience analyses and basis setting methodology

·       Knowledge of reinsurance in the UK Protection market (reinsurance structures, pricing approaches, profit measures)

Benefits:

We believe in fostering our employees’ development and offer a range of learning opportunities for employees to hone their professional skills to position themselves for the next steps of their careers. AIG also has a devoted learner program for eligible employees to enhance their education, skills, and knowledge in areas that relate to their current position or future positions to which they may transfer or progress.

Flexibility is a highly valued part of our culture.  Be that the ability to work part time, shifts, term-time only or be based at home, flexibility helps ensure all our people can have a rewarding career. 

We firmly believe that the more support we provide to keep you happy and healthy, the better environment we all work in. As a result, we offer a range of benefits and support that help you create long-term wellbeing habits, including our industry leading Smart Health product.

In addition to a competitive salary, and our generous benefits package, there are lots of great reasons to join us. Take a look on our career pages for more details about our flexibility, commitment to health and wellbeing, and how you can grow with the company.

We are an Equal Opportunity Employer

Corebridge Financial, Inc., its subsidiaries and affiliates are committed to be an Equal Opportunity Employer and its policies and procedures reflect this commitment. 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 such as sexual orientation. At Corebridge Financial, 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.

To learn more please visit: www.corebridgefinancial.com

Corebridge Financial is committed to working with and providing reasonable accommodations to job applicants and employees with physical or mental disabilities.  If you believe you need a reasonable accommodation in order to search for a job opening or to complete any part of the application or hiring process, please send an email to TalentandInclusion@corebridgefinancial.com.   Reasonable accommodations will be determined on a case-by-case basis.

Functional Area: