Welcome to VERCIDA website.

Skip to main content
Enable Recite to make this website accessible

Profile completeness

Did you know that users who have filled in their profile details are 42 times more likely to get matched with the right employer?

security illustration Help us find the best workplace for you by sharing more about yourself. We will never disclose your information with others.

Job description

Functional Area:
AC - Actuarial

Estimated Travel Percentage (%): No Travel

Relocation Provided: No

AIG Life Limited

Job Highlights

AIG Life Ltd is an innovative UK-based protection provider initially established as Fortis Life Ltd in 2008 and subsequently acquired by AIG in 2014. We provide term assurance, critical illness and income protection products via intermediaries and through our distribution partners

Actuarial professionals have a pivotal role in driving the results at AIG, and are integral to AIG's success with their expertise in quantitative analysis, insurance pricing, reserving, and risk quantification.

The Actuarial team is led by the Chief Actuary and works with many other areas across the business including the Sales & Marketing, Underwriting, Risk and Finance teams

Reporting to: Head of Capital & ALM
  • The Capital & ALM team at AIG Life is led by the Head of Capital & ALM and works closely with the Reporting, Modelling, & Reinsurance teams within AIG Life and with Treasury & Asset Management teams in the wider AIG Group.
  • The Actuarial Analyst will support the Head of Capital & ALM in a wide range of Solvency II, Internal Capital, Liquidity and ALM work. As AIG Life is a rapidly growing company, there is scope to be involved in a variety of different work.
  • The analyst will be expected to take ownership for their work and continually look for ways to optimise and improve efficiency.
  • Study support toward the Actuarial exams will be provided with this role and the analyst will be assigned a mentor to oversee the development of their PPD requirements.

Key Responsibilities
  • Assist in the production of quarterly Board and Risk & Capital Committee reports on Solvency II, Risk Appetite and Liquidity and support the Head of Capital & ALM in other reports as required.
  • Assist in monitoring of yields, developing capital management strategies, forecasting & analysis of capital requirements.
  • Assist in the development of Solvency II and Internal Capital capabilities in particular for new products and regulatory developments. This will include making and testing changes to Solvency II models & providing a clear audit trail of work.
  • Analyse movements in capital requirements and report to senior management.
  • Analyse strategic asset allocations, sensitivities to market risk, propose risk mitigation actions where necessary
  • Support external and internal audits.

Principal Skills
  • Advanced skills in Excel. Programming skills (e.g. SQL, VBA an advantage).
  • Excellent communication skills, both written and verbal
  • Knowledge of the UK Life market
  • Experience of Solvency II Reporting (preferred but not essential)
  • Experience of cash-flow modelling tools (e.g. Mo.Net, Moses, VIP, Prophet)
  • Attention to detail and highly organised
  • Ability to work well in a team, under pressure and to tight deadlines

Technical Skills and Expertise
  • Part qualified actuary - minimum six CT exams or current equivalent
  • Experience of working in a life office with experience of, or a strong desire to learn about, Solvency II & ALM

  • The role is based in London

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.
Job Sector
Financial Services
Job Position
London, UK Show on map
Post date
Closing date

How would you fit?

Learn more about AIG

Be unique. Be authentic. However you prefer to say it, we really mean it. Our culture embraces people’s diverse perspectives and creates a positive environment where everyone belongs. We’re determined to build a better, more connected world for everyone.

Other jobs in Insurance

HR Manager

HR Manager
London, UK

posted 9 hours ago

Underwriting Manager

London, UK

posted 9 hours ago

You will receive an email with link to reset your password.

Enter your new password