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 1.6 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

Key duties:

Deputising to the Head of Value Management and Research, you will lead projects, assumption setting and experience analyses. This will include:

• Being responsible for the monitoring and reporting of ongoing experience. Providing insight from historic experience and other research to help optimise underwriting and claims practices, pricing and reinsurance terms and structures.

• Being responsible for the development, review and update of individual and/or group protection best estimate assumptions for sign-off by the Board, using emerging experience and industry data and research. Reviewing expected financial impacts from assumption changes.

• Ensuring robust and scalable processes are developed for ongoing analysis. Suggesting improvements for current processes and new ideas.

• Reviewing pricing proposals and leading experience analysis for large group schemes.

• Being the Research Team’s key point of contact for the individual business’ Distribution Quality Management (DQM) work; representing the Research Team on the DQM Committee and with reinsurers. Leading the analysis and working closely with other key representatives from across the business to improve distribution quality and hence improve expected future experience and reinsurance terms.

• Producing papers and presenting results and proposals to internal committees including Pricing Steering Committees, Distribution Quality Management Committees, Technical Steering Committees and the Board.

• Line-managing 2+ direct reports. Supporting and developing junior team members.

• Supporting business-wide projects.

What we’re looking for:

• Qualified actuary with 5+ years of post-qualified experience and a 2:1 or higher degree

• 5+ years direct experience with either individual or group protection is essential.

• Prior experience of carrying out experience investigations and setting bases for protection business is essential.

• Prior knowledge of Distributor Quality Management is desirable.

• Good knowledge of the UK individual and group protection market (competitors, distribution, products, new business processes including underwriting, reinsurance structures, pricing approaches and profit measures).

• Some knowledge of cash flow modelling and pricing and reporting metrics including Solvency II, MCEV, UK GAAP, IFRS and US GAAP.

• Skills:

  • Proven people management and project management skills

  • Stakeholder management

  • Ability to manage own workload and effectively prioritise and use pragmatism where necessary to ensure deadlines are met

  • Excellent communication skills – verbal and written reports for Board-level stakeholders

  • Collaborative team work

  • Good attention to detail and use of quality assurance

  • Excellent Excel and VBA skills, experience of SQL and use of model office software (e.g. Mo.Net, Moses, VIP, Prophet).

Why work for us

We have a great team atmosphere which brims with enthusiasm and has a wide breadth of technical knowledge. Everyone focuses on the job in hand, and there is a great working atmosphere with open discussion.  This is an excellent opportunity to join a knowledgeable team that leads all experience investigations and assumption setting for all protection products as well as determining the financial impacts of assumption changes and helping to drive improved business quality and reinsurance terms.

This includes leading Research team projects with at least two direct reports and working alongside our Research Actuary and the Value Management team who lead initiatives that optimise value for AIG Life such as acquisitions, distribution quality management, and persistency, capital and expense management. Together we form a close tight knit team that collaborate together to achieve as a team.

The Research team is part of the Actuarial Team which also covers Value Management, Systems, Financial Reporting and Capital Management & ALM. We also work closely with other teams such as Pricing, Reinsurance, Underwriting, Claims and Sales. There is considerable opportunity for contact with other areas of the business, exposure to Senior Management, Directors and US stakeholders. The Senior Research Actuary attends the Technical Steering Committee, chaired by the Chief Financial Officer, and Distribution Quality Management Committee, chaired by the Chief Executive Officer.

Benefits:

We also 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.

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