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- Tasks: Shape innovative pricing models and drive profitability in complex insurance markets.
- Company: Join Swiss Re, a leading provider of reinsurance and insurance solutions.
- Benefits: Competitive salary, performance-based bonuses, and global benefits.
- Why this job: Make a real impact with your analytical skills in a dynamic team environment.
- Qualifications: 3-4 years in P&C Commercial Pricing and strong programming skills required.
- Other info: Hybrid work model with opportunities for continuous learning and professional growth.
The predicted salary is between 68000 - 102000 £ per year.
Are you a forward-thinking actuary with a passion for innovation and financial analysis? Join our dynamic team at Swiss Re Corporate Solutions in London where you'll help shape best-in-class pricing models for Financial Products while collaborating with industry experts across multiple business functions. This is your opportunity to apply your analytical expertise in a role that combines technical excellence with strategic business impact.
About the Role
As a Pricing Actuary within our Financial Products (FinPro) team, you'll be at the intersection of data analytics and business strategy, developing sophisticated pricing models that drive profitability and growth in complex insurance markets. You'll leverage your technical skills to transform data into actionable insights that guide critical business decisions.
Key Responsibilities
- Develop and enhance best-in-class FinPro rating models by leveraging technology, internal data assets, and exploring broader datasets.
- Create strategic proposals in collaboration with business owners to address profitability gaps.
- Conduct sophisticated analysis using actuarial and data science techniques to improve portfolio profitability.
- Partner closely with Reserving, Underwriting, Finance, and Claims teams to drive integrated business solutions.
- Support pricing for large FinPro accounts, bringing analytical rigor to complex deals.
- Deliver insightful quarterly reviews that provide portfolio steering and recommendations to FinPro underwriting leaders.
- Coordinate rate monitoring processes from costing models and ensure feedback loops inform profitability analysis.
- Research external market trends including industry developments, market conditions, and rate changes.
About the Team
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. Our responsibilities encompass loss ratio projections, rating plan development, model calibration, and actuarial pricing support. We work collaboratively with our business partners and encourage technical innovation that complements traditional methods. Our team combines seasoned experts with motivated newer members who thrive in a dynamic, fast-paced learning environment. This role reports to the Senior Pricing Actuary for FinPro PI within Corporate Solutions, with the overall Pricing team reporting to the Chief Underwriting Officer.
About You
You're a detail-oriented professional with strong analytical skills and the ability to translate complex data into actionable business insights. You thrive in collaborative environments while being capable of independent work, and you're passionate about continuous learning and professional development in the actuarial field.
We are looking for candidates who meet these requirements:
- 3-4 years of experience in P&C Commercial Pricing, preferably with general or financial liability products.
- Pursuing actuarial qualifications with demonstrated progress.
- Good understanding of actuarial methods, models, and related business processes.
- Experience in portfolio profitability analysis, costing models, and tool development.
- Strong communication skills with the ability to explain complex concepts to diverse stakeholders.
- Programming skills in R, Python, SQL, and knowledge of data science techniques.
- Experience working between Reserving or Pricing functions.
- Familiarity with exposure and experience rating techniques.
- Ability to work on multiple assignments with dynamic priorities.
- Self-starter mentality with strong work ethic and execution capabilities.
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 68,000 and GBP 102,000 (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 Re
Swiss 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.
Pricing Actuary (Hybrid, 80 - 100%) employer: Crossell
Contact Detail:
Crossell Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Pricing Actuary (Hybrid, 80 - 100%)
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, attend relevant events, and engage with professionals on platforms like LinkedIn. We all know that sometimes it’s not just what you know, but who you know that can help you land that dream job.
✨Tip Number 2
Prepare for interviews by practising common questions and scenarios related to pricing models and data analysis. We recommend doing mock interviews with friends or mentors to boost your confidence and refine your answers. Remember, showing your analytical skills in action can really impress!
✨Tip Number 3
Don’t underestimate the power of follow-ups! After an interview, send a thank-you email to express your appreciation and reiterate your interest in the role. It’s a simple gesture that can keep you top of mind for the hiring team.
✨Tip Number 4
Apply through our website for the best chance at landing the job! We make it easy for you to showcase your skills and experience directly to our hiring managers. Plus, it shows you’re genuinely interested in joining our team at Swiss Re.
We think you need these skills to ace Pricing Actuary (Hybrid, 80 - 100%)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Pricing Actuary role. Highlight your experience in P&C Commercial Pricing and any relevant actuarial qualifications. We want to see how your skills align with our needs!
Showcase Your Analytical Skills: In your application, emphasise your analytical prowess. Mention specific projects where you've developed pricing models or conducted profitability analysis. We love seeing how you can turn data into actionable insights!
Be Clear and Concise: When writing your cover letter, keep it clear and to the point. Explain why you're passionate about this role and how you can contribute to our team. We appreciate straightforward communication!
Apply Through Our Website: Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. We can’t wait to see what you bring to the table!
How to prepare for a job interview at Crossell
✨Know Your Numbers
As a Pricing Actuary, you'll need to demonstrate your analytical prowess. Brush up on your understanding of actuarial methods and models, especially those relevant to financial products. Be ready to discuss specific examples of how you've used data analytics to drive profitability in past roles.
✨Showcase Your Collaboration Skills
This role involves working closely with various teams like Reserving, Underwriting, and Finance. Prepare to share experiences where you successfully collaborated across departments. Highlight how your communication skills helped bridge gaps and led to integrated business solutions.
✨Demonstrate Technical Proficiency
Familiarity with programming languages like R, Python, and SQL is crucial. Be prepared to discuss your experience with these tools and how you've applied them in real-world scenarios. Consider bringing a portfolio of your work or projects that showcase your technical skills.
✨Stay Updated on Market Trends
Research current trends in the insurance market, particularly around financial products. Be ready to discuss how these trends could impact pricing strategies. Showing that you're proactive about industry developments will demonstrate your passion for continuous learning and innovation.
