At a Glance
- Tasks: Support pricing projects and develop robust actuarial models for profitable growth.
- Company: Join QBE, a global insurer with a collaborative and inclusive culture.
- Benefits: Enjoy 30 days holiday, flexible working, and comprehensive private medical insurance.
- Other info: Opportunities for career growth and a dynamic work environment.
- Why this job: Make a real impact in the reinsurance industry while working with passionate professionals.
- Qualifications: 5+ years in actuarial roles, strong analytical skills, and experience in pricing analysis.
The predicted salary is between 60000 - 80000 £ per year.
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.
The opportunity
QBE Re is the reinsurance arm of QBE Insurance Group, operating globally to deliver tailored risk solutions across a wide range of sectors. Our Brussels and London office plays a strategic role in supporting international operations combining local market insight with the strength of a global network. We foster a collaborative and inclusive culture, where innovation and expertise drive impactful outcomes for our clients and partners.
Your new role
Provide support to plans to deliver the pricing support on pricing projects to improve pricing techniques and processes for profitable growth. Ensure compliance with internal governance, actuarial and regulatory standards. Build and maintain relationships with key external and internal stakeholders to improve pricing models. Develop pricing tools and rates to ensure robust methods are adopted by the business. Support the continuous development of minimum pricing standards and methodologies. Investigate and understand the range of models and rating tools used in divisions to identify weaknesses and strengths. Able to develop and modify complex actuarial models. Identifies new opportunities for actuarial analysis and drives efficiencies. Presents clear and well-organised analyses to appropriate audiences. Coordinates and oversees the work of professionals, including mentoring. Develops solutions to proactively ensure ongoing profitability of products. Maintains quality controls and standards throughout processes. Analyses and interprets data independently to support business decisions.
About you
We're looking for a motivated and technically capable actuary with a solid foundation in pricing and actuarial modelling, ideally within LAH insurance or reinsurance.
- A minimum of five years’ relevant actuarial experience, ideally within LAH insurance or reinsurance.
- Proven experience in actuarial pricing analysis and predictive modelling.
- A strong understanding of general insurance, with experience in reserving considered a strong advantage.
- Strong analytical, problem-solving and communication skills, with the ability to translate complex analyses into clear business insights.
- A proactive mindset, with the ability to identify improvement opportunities and drive efficiencies.
- Ability to work independently and to organize own work to meet deadlines.
- Active participation to the development of the knowledge of the team via knowledge sharing.
Qualifications
University degree (or equivalent combination of education and experience), preferably in actuarial science, mathematics, statistics or a related quantitative field. Actuarial qualification or progress towards actuarial certification is preferred. Strong knowledge of Microsoft Office, particularly Excel. Practical knowledge or exposure to programming in at least one of the following: VBA, Python or R. Fluent English is required and if Brussels based, being French or Dutch native is a plus.
Benefits
We offer a range of benefits to help provide holistic support for your work life, whatever your circumstances. As a QBE employee you will have access to and benefit from:
- 30 days holiday a year with the option to buy up to 2 additional days.
- Flexible working - balancing work and life is important so our flexible working opportunities are open to all, this can include part-time, job share and compressed hours.
- Pension – you are automatically enrolled into the QBE pension plan, which entitles you to receive employer contributions of 10% of your basic salary.
- Private medical insurance – we fund fully comprehensive private medical cover for you and all the family.
- Family friendly policies – we offer 26 weeks leave at full pay regardless of gender identity, sexual orientation or how you become a parent.
- Short term remote work abroad - you can request up to 20 days per year to work remotely from certain locations abroad.
- Sustainable investing - we believe sustainable integration is important for long term financial, environmental, and social outcomes.
- Cycle-to-Work – benefit from regular exercise whilst making your commute greener and cheaper, select and bike and/or accessories up to the value of £5,000.
Apply now and let’s make it happen! If you’re looking for a career that combines your expertise and your empathy, click Apply today.
Reinsurance Pricing Actuary (LAH) in London employer: QBE Insurance Group
QBE Insurance Group is an excellent employer, offering a dynamic work environment in Leeds that promotes a healthy work-life balance through its hybrid work model. Employees benefit from competitive perks such as 30 days of holiday and private medical insurance, alongside opportunities for professional growth and development in the field of personal injury claims. The company's commitment to sustainable investing further enhances its appeal, making it a rewarding place for those looking to make a meaningful impact in their careers.
