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: Work alongside industry experts and enjoy excellent career growth opportunities.
- 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 progress towards actuarial qualifications.
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%) 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 competitive compensation package, including performance-based incentives. Join us to be part of a dynamic team where your analytical skills will drive meaningful business impact in the insurance industry.
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 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 actuarial methods or data science techniques. 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%)
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:Don’t forget to mention your programming skills in R, Python, and SQL! We love seeing candidates who can leverage technology to enhance pricing models, so make sure to highlight any relevant projects or tools you've developed.
Apply Through Our Website:We encourage you to apply directly through our website for the best chance of getting noticed. It’s the easiest way for us to keep track of your application and ensure it reaches the right people!
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 specific examples of how you've used data analytics in past roles. This will show your technical expertise and ability to translate data into actionable insights.
✨Collaborate Like a Pro
This role involves working closely with various teams like Reserving, Underwriting, and Finance. Prepare to share experiences where you've successfully collaborated across departments. Highlight your communication skills and how you can explain complex concepts to different stakeholders.
✨Stay Ahead of the Trends
Research current market trends and developments in the insurance industry. Be prepared to discuss how these trends could impact pricing strategies. Showing that you're informed about the broader market will demonstrate your strategic thinking and passion for the field.
✨Showcase Your Programming Skills
With programming skills in R, Python, and SQL being essential, come ready to discuss your experience with these tools. If possible, prepare to give examples of projects where you've applied these skills to improve portfolio profitability or develop costing models.
