At a Glance
- Tasks: Shape innovative pricing models and drive profitability in complex insurance markets.
- Company: Join Swiss Re Corporate Solutions, a leader in financial products and innovation.
- Benefits: Competitive salary, performance bonuses, hybrid work model, and global benefits.
- Other info: Opportunity for continuous learning and career growth in a fast-paced team.
- 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.
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.
Compensation and Benefits
For London, the annual base salary range for this position is between GBP 68,000 and GBP 102,000. Salary is determined by the requirements, scope, complexity, and responsibilities of the role, as well as the applicant’s education, qualifications, specialization, skills, and experience. In addition to your base salary, Swiss Re offers an attractive performance‑based variable compensation component, designed to recognize your achievements, and a variety of global and location‑specific benefits. Our company has a hybrid work model where you are expected to be in the office at least three days per week.
Pricing Actuary (Hybrid, 80 - 100%) in London employer: NCSL International
At Swiss Re Corporate Solutions in London, we pride ourselves on fostering a collaborative and innovative work culture that empowers our employees to excel. As a Pricing Actuary, you'll not only contribute to cutting-edge pricing models but also benefit from extensive professional development opportunities and a supportive environment that values your analytical expertise. With a competitive salary and performance-based incentives, along with a hybrid work model, we ensure that our team members thrive both personally and professionally.
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 actuarial questions and scenarios. We recommend doing mock interviews with friends or mentors to boost your confidence and refine your answers.
✨Tip Number 3
Showcase your analytical skills! Bring along examples of your work or projects that demonstrate your ability to turn data into actionable insights. We want to see how you think and solve problems.
✨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 any actuarial qualifications you're pursuing.
Showcase Your Technical Skills:Don’t forget to highlight your programming skills in R, Python, and SQL. We love seeing candidates who can leverage technology to enhance pricing models, so make sure to include any relevant projects or tools you've developed.
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 shows your enthusiasm for joining our team!
How to prepare for a job interview at NCSL International
✨Know Your Numbers
As a Pricing Actuary, you'll be dealing with complex data and models. Brush up on your actuarial methods and be ready to discuss how you've applied them in past roles. Prepare specific examples of how your analytical skills have led to improved profitability or strategic insights.
✨Showcase Your Collaboration Skills
This role requires working closely with various teams like Reserving, Underwriting, and Finance. Think of instances where you've successfully collaborated across departments. Be prepared to explain how you can bridge the gap between technical analysis and business strategy.
✨Stay Current with Market Trends
Research recent developments in the insurance market, especially related to financial products. Being able to discuss current trends and how they might impact pricing strategies will show your proactive approach and industry knowledge.
✨Demonstrate Your Technical Proficiency
You'll need programming skills in R, Python, and SQL. Be ready to talk about your experience with these tools and how you've used them to develop pricing models or conduct analyses. If possible, prepare to share a project or two that highlights your technical capabilities.
