SME & Flow Pricing Actuary EMEA

SME & Flow Pricing Actuary EMEA

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

Role Description

The EMEA SME Actuarial team is seeking an experienced and motivated actuarial professional to contribute to AIG's strategic initiatives in this segment. The SME & Flow Portfolio Actuary will be responsible for pricing, profitability studies, portfolio management and optimization, product design and data management while also working closely alongside Underwriting, Product, IT, Claims, and Distribution. This role will support both the existing SME portfolios across the EMEA region as well as the launch of new products in new territories.

Actuarial responsibilities:

• Support the pricing, planning and results monitoring of the book of business working closely with the underwriting heads, regional actuaries and group functions as appropriate.
• Provide thought leadership into the profitability of the respective business and help guide senior leadership in making decisions on growth, rate action, remediation and product changes.
• Support the development, alignment, and execution of portfolio strategies, working with regional product line leaders and regional underwriting.
• Help introduce business focused changes or improvements that promote profitability and growth and take an active role in their implementation and monitoring as part of playing a key role in the creation of annual plans.
• Carry out price adequacy reviews and review the appropriateness of the reinsurance program to meet the ongoing needs of the business, as well as provide experience, expertise and insight into complex projects.
• Conduct ongoing analysis of the SME & Flow portfolios to refine understanding of current and potential future exposures.
• Support the development, calibration, and implementation of first-in-class rating and portfolio management tools as part of the global actuarial team.
• Support the development of new SME & Flow products and their technical pricing models, ensuring best practice pricing techniques are being implemented. Also support the localization of core products in new territories.

• Work closely with the technical pricing function to enhance pricing and modelling capabilities.

• Act as subject matter expert and peer reviewer of reserve reviews for local stat and US GAAP

• Provide constructive peer review and challenge of actuarial work and processes and proactively identify areas of improvement.
• Review assumptions and inputs that contribute to assessing the capital requirements and projection of future requirements and capital resources and support the business through wider model uses including business planning, reinsurance analysis, monitoring key risks.
• Collaborate with regional actuarial functions supporting a one-team ethos.
• Assist the relevant underwriting heads in the annual review of the underwriting business plans and make recommendations on enhancement.
• Support the delivery of regular, consistent, and reliable analysis and recommendations for all areas of the business, regular underwriting performance studies to improve the understanding of the current and projected financial stability and risk profile risk of the business.
• Manage a team of 1-2 actuaries
• Help to oversee the adherence to the risk management framework including group underwriting Standards, complying with key regulatory and risk management procedures.
• Adhere to all AIG guidelines such as those regarding profitability analysis, pricing models, rate monitoring, etc.

Job Profile - Requirements and skills - What we're looking for

What you'll need to succeed:

• FIA, FCAS or strong equivalent actuarial background required; Extensive P&C experience
• Experience in relevant or similar actuarial role, experience specifically with SME or digital products preferred
• Fluent in English (strong English language skills are a must)
• Proven leadership, influencing and negotiation skills in a highly matrixed environment; able to resolve differences while maintaining positive working relationships
• Proactive individual, who challenges existing processes, can influence others and drive a process to a conclusion while meeting critical deadlines
• Comfortable collaborating with cross-functional teams, working with colleagues in various locations across the region, and driving forward initiatives through developing personal networks and powerful and influential communication
• Proficiency in Excel, VBA, SQL. Python, R or other programming languages preferred.
• Excellent written and verbal communication skills
• Exceptional analytical and critical thinking skills, with thorough attention to detail
• Strong project management skills and drive-for-results mentality, with the ability to multi-task and make decisions in a business context

We are an Equal Opportunity Employer

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, colour, 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.

Ready to apply? We would love to hear from you.

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

Functional Area:

AC - ActuarialAIG Europe S.A. (Spain branch)