At a Glance
- Tasks: Shape pricing strategies for complex financial products and collaborate with industry experts.
- Company: Join Swiss Re, a global leader in reinsurance and insurance solutions.
- Benefits: Competitive salary, performance-based bonuses, and diverse global benefits.
- Why this job: Make an immediate impact while growing your career in a dynamic environment.
- Qualifications: Pursuing actuarial qualifications with programming skills in R, Python, or SQL.
- Other info: Hybrid work model with opportunities for professional development and innovation.
The predicted salary is between 34000 - 51000 £ per year.
Are you a motivated actuary looking to make an immediate impact in a dynamic global environment? Join our Corporate Solutions team at Swiss Re where you'll help shape pricing strategies for complex financial products while working with industry experts who value innovation and technical excellence. This role offers exceptional growth opportunities and exposure to diverse international markets.
As an Associate Pricing Actuary, you'll be at the intersection of data analysis, financial modeling, and business strategy. You'll collaborate with underwriting teams to price large FinPro accounts while contributing to portfolio steering insights that drive business decisions.
Key Responsibilities- Develop pricing strategies for large Financial Products (FinPro) accounts with immediate business impact.
- Deliver quarterly profitability reviews providing portfolio steering insights to underwriting leadership.
- Enhance rating models by leveraging technology, internal data assets, and exploring broader datasets.
- Apply actuarial and data science techniques to improve profitability analysis.
- Coordinate rate monitoring processes and establish feedback loops for planning analysis.
- Research external market conditions including industry trends and rate changes.
- Support portfolio management by identifying drivers behind claims emergence and performance.
- Partner with underwriting teams to provide technical insights for business decisions.
We are the actuarial team providing support to multiple global Corporate Solutions Financial Products including Construction PI, General PI, Agents, Accountants & Consultants, Lawyers, Cyber and Transactional Liability. Key responsibilities for our team include loss ratio projections, rating plan development, model calibration and actuarial pricing support. We work closely with our business partners and encourage technical innovation that supports traditional methods. The team is a mix of senior expert members and highly motivated newer members who thrive in a dynamic and fast learning environment. This role will report to the Senior Pricing Actuary for FinPro PI within Corporate Solutions.
About YouYou're an analytical thinker who thrives in collaborative environments and enjoys solving complex problems. You're comfortable working with limited data and curious about finding alternative data sources. You have excellent communication skills and can translate technical insights into business value while maintaining strong relationships with stakeholders across the organization.
We are looking for candidates who meet these requirements:
- Currently pursuing actuarial qualifications with demonstrated progress.
- Experience in P&C insurance or related financial services.
- Strong programming skills in at least one language (R, Python, SQL).
- Familiarity with actuarial reserving and/or pricing techniques and models.
- Proven ability to work independently, prioritize tasks, and meet deadlines.
- Knowledge of data science techniques and their application in insurance.
- Experience in portfolio profitability analysis and costing models.
- Understanding of Financial Products lines of business.
- Strong presentation skills and experience communicating with business leaders.
Our company has a hybrid work model where the expectation is that you will be in the office at least three days per week.
For London, the annual base salary range for this position is between GBP 40,000 and GBP 60,000 (for a full-time role). The specific salary offered considers the requirements, scope, complexity and responsibilities of the role, the applicant's own profile including education/qualifications, expertise, specialisation, skills and experience. In addition to your base salary, Swiss Re offers an attractive performance-based variable compensation component, designed to recognise your achievements. Further you will enjoy a variety of global and location specific benefits. Eligibility may vary depending on the terms of Swiss Re policies and your employment contract.
About Swiss ReSwiss Re is one of the world's leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime. We cover both Property & Casualty and Life & Health. Combining experience with creative thinking and cutting-edge expertise, we create new opportunities and solutions for our clients. This is possible thanks to the collaboration of more than 14,000 employees across the world.
Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics. In our inclusive and flexible environment everyone can bring their authentic selves to work and their passion for sustainability.
If you are an experienced professional returning to the workforce after a career break, we encourage you to apply for open positions that match your skills and experience.
Associate Pricing Actuary (Hybrid, 80-100%) in London employer: Crossell
Contact Detail:
Crossell Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Associate Pricing Actuary (Hybrid, 80-100%) in London
✨Tip Number 1
Network like a pro! Reach out to current employees at Swiss Re or in the actuarial field on LinkedIn. A friendly chat can give you insider info and might just lead to a referral.
✨Tip Number 2
Prepare for interviews by brushing up on your technical skills. Be ready to discuss your experience with programming languages like R, Python, or SQL, and how you've applied them in real-world scenarios.
✨Tip Number 3
Showcase your analytical thinking! During interviews, share examples of how you've solved complex problems or improved processes in previous roles. This will highlight your fit for the Associate Pricing Actuary position.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you're genuinely interested in joining our team.
We think you need these skills to ace Associate Pricing Actuary (Hybrid, 80-100%) in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experiences that align with the Associate Pricing Actuary role. Highlight your programming skills, actuarial qualifications, and any relevant experience in P&C insurance to catch our eye!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your analytical thinking and collaborative spirit make you a perfect fit for our team at Swiss Re.
Showcase Your Technical Skills: Don’t forget to mention your programming prowess in R, Python, or SQL. We love seeing candidates who can leverage technology and data science techniques to drive business decisions, so make sure to highlight these skills!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands and shows us you’re serious about joining our dynamic team!
How to prepare for a job interview at Crossell
✨Know Your Numbers
As an Associate Pricing Actuary, you'll be dealing with data analysis and financial modelling. Brush up on your key metrics and be ready to discuss how you would approach pricing strategies for large Financial Products. Show them you can think critically about numbers!
✨Showcase Your Tech Skills
Make sure to highlight your programming skills in R, Python, or SQL during the interview. Be prepared to discuss specific projects where you've applied these skills, especially in relation to actuarial techniques or data science applications in insurance.
✨Understand the Business
Familiarise yourself with the Financial Products lines of business that Swiss Re deals with. Research current market trends and be ready to discuss how external conditions might impact pricing strategies. This shows you're not just a number cruncher but also a strategic thinker.
✨Communicate Clearly
Strong communication skills are essential for this role. Practice explaining complex actuarial concepts in simple terms. Think about how you can translate technical insights into business value, as this will be crucial when working with underwriting teams and stakeholders.