At a Glance
- Tasks: Analyse and price reinsurance treaty business, supporting underwriters in negotiations.
- Company: Join a leading reinsurance firm with a focus on innovation and collaboration.
- Benefits: 30 days holiday, private medical insurance, and a generous pension plan.
- Other info: Enjoy hybrid working and opportunities for professional growth.
- Why this job: Make a real impact on profitable reinsurance decisions while developing your actuarial skills.
- Qualifications: Actuarial pricing experience and strong analytical skills required.
The predicted salary is between 55000 - 65000 £ per year.
Are you an actuary who enjoys being close to the deal and influencing commercial outcomes? This is a front‑end pricing role where you’ll work alongside Underwriting to help shape profitable reinsurance decisions across a diverse Property & Casualty portfolio. You’ll be hands‑on with complex, high‑value transactions, partnering with brokers and underwriters from initial analysis through to bind. With exposure to a wide range of products and close collaboration with global actuarial colleagues, this role offers strong development, visibility and impact.
Your new role:
- Analyse and price reinsurance treaty business and ensure conclusions and recommendations are analytically robust and clearly supported by data and models.
- Present complex analyses in a clear, structured manner to both technical and non‑technical audiences.
- Provide support to underwriters to negotiate terms and structures to meet business goals. This may involve supporting underwriters in broker meetings and calls.
- Maintain and continuously improve actuarial methodologies, models, and reporting practices to meet evolving business needs.
- Develop monitoring and ad‑hoc reporting to track pricing performance, profitability, and variance from expectations.
- Perform deep‑dive portfolio and product analyses, identifying performance drivers, trends, and emerging risks.
- Proactively identify and evaluate opportunities to improve portfolio mix, pricing actions, and underwriting strategies.
- Contribute to business planning and forecasting.
- Build and maintain strong internal and external stakeholder relationships, delivering timely, relevant, and actionable insights. Internal stakeholders include underwriting, claims, finance and senior leadership.
- Foster a culture of technical excellence, accountability, and continuous improvement within actuarial function.
About you:
- Actuarial pricing experience within Property & Casualty insurance or reinsurance.
- Experience developing, reviewing or enhancing actuarial models and assumptions.
- Confidence working independently on complex analysis while collaborating closely with Underwriting.
- The ability to communicate pricing insights clearly to non‑technical audiences.
- Experience using analytical or programming tools such as VBA, SQL, R or similar.
- Actuarial qualification or progress toward qualification (e.g. FCAS, ACAS, FIA, IFOA, or equivalent).
Benefits:
- 30 days holiday a year with the option to buy up to 2 additional days.
- Pension – you are automatically enrolled into the QBE pension plan, which entitles you to receive employer contributions of 10% of your basic salary.
- Private medical insurance – we fully fund comprehensive private medical cover for you and your family.
- Short‑term remote work abroad – you can request up to 20 days per year to work remotely from certain locations abroad.
Pricing Actuary - Reinsurance in London employer: 慨正橡扯
At QBE, we pride ourselves on being an exceptional employer, offering a dynamic work environment in London or Brussels where actuaries can thrive. Our hybrid model promotes a healthy work-life balance, while our commitment to professional development ensures that you will have ample opportunities to grow your skills and advance your career. With competitive benefits including generous holiday allowances, comprehensive medical coverage, and the flexibility to work remotely from abroad, we foster a culture of collaboration and innovation that empowers our employees to make a meaningful impact in the reinsurance sector.
StudySmarter Expert Advice🤫
We think this is how you could land Pricing Actuary - Reinsurance in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, especially those who work in reinsurance or actuarial roles. A friendly chat can lead to insider info about job openings and even referrals.
✨Tip Number 2
Prepare for interviews by practising your presentation skills. You’ll need to explain complex analyses clearly, so grab a friend and run through your insights. The clearer you are, the more impressive you'll be!
✨Tip Number 3
Don’t just apply anywhere; focus on companies that align with your values and career goals. Check out our website for openings that suit your skills and interests, and make sure to tailor your approach!
✨Tip Number 4
Stay updated on industry trends and emerging risks in the Property & Casualty sector. This knowledge will not only help you in interviews but also show potential employers that you're proactive and engaged.
We think you need these skills to ace Pricing Actuary - Reinsurance in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Pricing Actuary role. Highlight your actuarial pricing experience and any relevant skills, like using analytical tools. We want to see how your background fits with our needs!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about reinsurance and how you can contribute to our team. Keep it concise but impactful – we love a good story!
Showcase Your Analytical Skills:In your application, don’t forget to showcase your analytical prowess. Mention specific projects or experiences where you've used data to drive decisions. We’re all about those insights that lead to profitable outcomes!
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It helps us keep track of your application and ensures you don’t miss out on any important updates. Plus, it’s super easy!
How to prepare for a job interview at 慨正橡扯
✨Know Your Numbers
As a Pricing Actuary, you'll need to demonstrate your analytical prowess. Brush up on your actuarial models and be ready to discuss how you've used data to influence pricing decisions in the past. Prepare specific examples that showcase your ability to analyse complex data and present it clearly.
✨Speak Their Language
You'll be working closely with underwriters and brokers, so it's crucial to communicate effectively with both technical and non-technical audiences. Practice explaining your analyses in simple terms, as this will show your ability to bridge the gap between data and decision-making.
✨Showcase Your Collaboration Skills
This role involves a lot of teamwork, especially with underwriting. Be prepared to share examples of how you've successfully collaborated with others in the past. Highlight any experiences where you supported negotiations or contributed to team goals, as this will demonstrate your fit for the role.
✨Stay Ahead of the Game
The insurance landscape is always changing, so show your potential employer that you're proactive about staying informed. Research current trends in Property & Casualty insurance and think about how they might impact pricing strategies. Bring these insights to the interview to impress your interviewers.
