At a Glance
- Tasks: Shape innovative pricing models and drive profitability in complex insurance markets.
- Company: Join Swiss Re, a leading provider of reinsurance and risk transfer solutions.
- Benefits: Competitive salary, performance bonuses, hybrid work model, and global benefits.
- Other info: Embrace a culture of inclusivity and continuous learning while working with industry experts.
- Why this job: Make a real impact with your analytical skills in a dynamic, collaborative environment.
- Qualifications: 3-4 years in P&C Commercial Pricing and strong programming skills in R, Python, SQL.
The predicted salary is between 68000 - 102000 £ per year.
Location: London, GB
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%) in London employer: Hispanic Alliance for Career Enhancement
Swiss Re Corporate Solutions in London is an exceptional employer that fosters a culture of innovation and collaboration, making it an ideal place for Pricing Actuaries to thrive. With a strong emphasis on professional development, employees benefit from a hybrid work model, competitive salaries, and performance-based compensation, all while working alongside industry experts in a dynamic environment that values diverse perspectives and encourages continuous learning.
Contact Details:
Hispanic Alliance for Career Enhancement Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Pricing Actuary (Hybrid, 80 - 100%) in London
✨Tip Number 1
Network like a pro! Reach out to industry professionals on LinkedIn or attend local meetups. 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.
✨Tip Number 3
Showcase your skills! Create a portfolio of your work, especially any projects involving R, Python, or SQL. This will give potential employers a tangible sense of your capabilities and how you can contribute to their team.
✨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, we love seeing candidates who are proactive about their job search!
We think you need these skills to ace 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 Pricing Actuary role. Highlight your analytical expertise and any relevant projects you've worked on, especially those involving pricing models or data analysis.
Craft a Compelling Cover Letter:Use your cover letter to tell us why you're passionate about this role and how your background makes you a great fit. Be sure to mention your experience in P&C Commercial Pricing and your journey towards actuarial qualifications.
Showcase Your Technical Skills:Since we're looking for someone with programming skills in R, Python, and SQL, make sure to include specific examples of how you've used these tools in your previous roles. This will help us see your technical prowess in action!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it gives you a chance to explore more about Swiss Re and our culture!
How to prepare for a job interview at Hispanic Alliance for Career Enhancement
✨Know Your Numbers
As a Pricing Actuary, you'll be dealing with complex data and models. Brush up on your actuarial methods and ensure you can discuss your experience with pricing models confidently. Be ready to explain how you've used data analytics to drive profitability in past roles.
✨Showcase Your Collaboration Skills
This role requires working closely with various teams like Reserving, Underwriting, and Finance. Prepare examples of how you've successfully collaborated in the past. Highlight any projects where teamwork led to improved outcomes, especially in pricing or profitability analysis.
✨Demonstrate Technical Proficiency
Familiarity with programming languages like R, Python, and SQL is crucial. Be prepared to discuss specific projects where you've applied these skills. If possible, bring along examples of your work or be ready to solve a technical problem during the interview.
✨Stay Updated on Market Trends
Research current trends in the insurance market, particularly in financial products. Be ready to discuss how these trends could impact pricing strategies. Showing that you're proactive about industry knowledge will impress your interviewers and demonstrate your passion for the field.
