Credit Reinsurance Pricing Actuary

Location: London or Brussels (Hybrid)

Employment type: Full‑time, Permanent employee

About QBE

At QBE, we get to the heart of what matters for our customers. And we do it all with a human touch. We’re an international insurer with more than 13,000 people working across 26 countries – which means we’re big enough for your ambitions, yet small enough for you to make a real impact. It’s an exciting time. We’re building momentum towards our vision to become the most consistent and innovative risk partner.

Opportunity

Are you an actuary who enjoys working at the intersection of technical analysis and commercial decision‑making? This is a front‑end pricing role where you’ll partner closely with Underwriting to shape sustainable and profitable credit reinsurance decisions across a diverse and complex portfolio.

Responsibilities

• Analyse and price credit reinsurance treaty business, as well as ad‑hoc bespoke transactions, ensuring recommendations are analytically robust and clearly supported by data and models.
• Present complex analysis in a clear, structured way to both technical and non‑technical audiences.
• Partner with Underwriters to support deal structuring and negotiations, including participation in broker discussions where required.
• Develop, review, and enhance pricing methodologies, models, and tools to reflect evolving credit, financial and geopolitical risks.
• Produce monitoring and ad‑hoc reporting to track pricing performance, profitability, and variance against expectations.
• Perform deep‑dive portfolio and product analyses, identifying key drivers, trends, and emerging risks across credit lines and asset classes.
• Work closely with the Head of Credit Reinsurance to identify opportunities to optimise portfolio mix, pricing actions, and underwriting strategy.
• Contribute to business planning, forecasting, and strategic initiatives.
• Build strong relationships with internal and external stakeholders, including underwriting, claims, finance and senior leadership.
• Promote a culture of technical excellence, strong governance, and continuous improvement within the pricing function.

Qualifications

• Experience in actuarial pricing within insurance or reinsurance, ideally with exposure to credit or financial risks.
• Understanding of Political Risk and/or Credit (re)insurance lines, or broader knowledge of credit asset classes such as corporate, structured or real estate finance.
• Strong analytical background, including experience in pricing, reserving, or modelling (e.g. default probabilities, rating models, forecasting approaches).
• Experience developing or enhancing actuarial models and assumptions.
• Ability to work independently on complex analyses while collaborating closely with underwriting and other stakeholders.
• Strong communication skills, with the ability to translate technical insights into clear commercial recommendations.
• Experience using analytical or programming tools such as VBA, SQL, R or Python.
• Actuarial qualification or progress toward qualification (e.g. FCAS, ACAS, FIA, IFOA, or equivalent). Equivalent qualifications such as CFA or MBA will also be considered.
• Degree in actuarial science, mathematics or a related quantitative discipline (or equivalent experience).

Benefits

• 30 days holiday a year with the option to buy up to 2 additional days.
• Pension – automatically enrolled into the QBE pension plan, entitled to employer contributions of 10% of basic salary.
• Private medical insurance – fully comprehensive private medical cover for you and the family.
• Short‑term remote work abroad – request up to 20 days per year to work remotely from selected locations.

Equal Employment Opportunity

QBE is an equal opportunity employer and is required to comply with equal employment opportunity legislation in each jurisdiction it operates.