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-based bonuses, and global benefits.
- Other info: Hybrid work model with opportunities for continuous learning and professional growth.
- 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.
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 & Consultancies, 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.
- 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.
Salary
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.
Benefits
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.
Make an impact
Start your career journey with Swiss Re.
Pricing Actuary (Hybrid, 80 - 100%) in London employer: NACBA
NACBA is an excellent employer that values its employees by offering a hybrid working arrangement, fostering a healthy work-life balance. With a strong focus on professional development, employees have ample opportunities for growth within the financial services sector, all while being part of a collaborative and supportive team in the vibrant city of London.
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. You never know who might have the inside scoop on job openings or can refer you directly.
✨Tip Number 2
Prepare for interviews by practising common actuarial questions and scenarios. Use mock interviews with friends or mentors to build confidence and refine your answers.
✨Tip Number 3
Showcase your analytical skills during interviews by discussing specific projects or models you've worked on. Bring data-driven examples that highlight your impact on profitability and growth.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are genuinely interested in joining our team.
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 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!
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 skills can contribute to our team. Keep it engaging and personal – we love a good story!
Showcase Your Technical Skills:Don’t forget to mention your programming skills in R, Python, and SQL. We’re looking for someone who can leverage data science techniques, so make sure to highlight any projects or experiences that demonstrate your technical prowess.
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. Plus, it shows us you’re serious about joining our dynamic team!
How to prepare for a job interview at NACBA
✨Know Your Numbers
As a Pricing Actuary, you'll be dealing with complex data and pricing models. Brush up on your actuarial methods and ensure you can discuss your experience with portfolio profitability analysis and costing models confidently. Be ready to share specific examples of how you've used data to drive business decisions.
✨Showcase Your Technical Skills
Make sure to highlight your programming skills in R, Python, and SQL during the interview. Prepare to discuss how you've applied these skills in previous roles, especially in developing tools or models that improved pricing strategies. This will demonstrate your technical excellence and ability to leverage technology effectively.
✨Collaborate Like a Pro
Since this role involves working closely with various teams like Reserving, Underwriting, and Finance, be prepared to talk about your collaborative experiences. Share examples of how you've partnered with different stakeholders to create integrated business solutions, showcasing your strong communication skills and ability to explain complex concepts.
✨Stay Ahead of Market Trends
Research current market trends and industry developments related to financial products before your interview. Being knowledgeable about rate changes and market conditions will not only impress your interviewers but also show your passion for continuous learning and staying informed in the actuarial field.
