At a Glance
- Tasks: Analyse and price credit reinsurance, collaborating with underwriters on complex transactions.
- Company: Join QBE Insurance, a global leader in innovative risk solutions.
- Benefits: Enjoy 30 days holiday, private medical insurance, and remote work options.
- Other info: Be part of a supportive team that values your growth and contributions.
- Why this job: Make a real impact in a dynamic environment while developing your actuarial skills.
- Qualifications: Actuarial experience with strong analytical skills; familiarity with credit risks is a plus.
The predicted salary is between 60000 - 80000 £ per year.
hackajob is collaborating with QBE Insurance to connect them with exceptional professionals for this role. Interested in learning more about this job? Scroll down and find out what skills, experience and educational qualifications are needed.
Primary Details
- Time Type: Full time
- Worker Type: Employee
- Location: London or Brussels (Hybrid)
- Full-time, Permanent
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
Are you an actuary who enjoys working at the intersection of technical analysis and commercial decision‑making? This is a front‑end pricing role where you’ll partner closely with Underwriting to shape sustainable and profitable credit reinsurance decisions across a diverse and complex portfolio. You’ll be hands‑on with a wide range of credit products, including Political Risk, Trade Credit, Surety, Mortgage, and structured credit solutions, supporting both treaty and bespoke transactions. From initial analysis through to bind, you’ll play a key role in ensuring pricing decisions are technically robust, commercially relevant, and aligned with QBE Re’s risk appetite. With exposure to global markets, evolving geopolitical risks, and innovative credit solutions, this role offers strong development, visibility, and impact.
Your new role
- Analyse and price credit reinsurance treaty business, as well as ad‑hoc bespoke transactions, ensuring recommendations are analytically robust and clearly supported by data and models.
- Present complex analysis in a clear, structured way to both technical and non‑technical audiences.
- Partner with Underwriters to support deal structuring and negotiations, including participation in broker discussions where required.
- Develop, review, and enhance pricing methodologies, models, and tools to reflect evolving credit, financial and geopolitical risks.
- Produce monitoring and ad‑hoc reporting to track pricing performance, profitability, and variance against expectations.
- Perform deep‑dive portfolio and product analyses, identifying key drivers, trends, and emerging risks across credit lines and asset classes.
- Work closely with the Head of Credit Reinsurance to identify opportunities to optimise portfolio mix, pricing actions, and underwriting strategy.
- Contribute to business planning, forecasting, and strategic initiatives.
- Build strong relationships with internal and external stakeholders, including underwriting, claims, finance and senior leadership.
- Promote a culture of technical excellence, strong governance, and continuous improvement within the pricing function.
About you
- Experience in actuarial pricing within insurance or reinsurance, ideally with exposure to credit or financial risks.
- Understanding of Political Risk and/or Credit (re)insurance lines, or broader knowledge of credit asset classes such as corporate, structured or real estate finance.
- Strong analytical background, including experience in pricing, reserving, or modelling (e.g. default probabilities, rating models, forecasting approaches).
- Experience developing or enhancing actuarial models and assumptions.
- Ability to work independently on complex analyses while collaborating closely with underwriting and other stakeholders.
- Strong communication skills, with the ability to translate technical insights into clear commercial recommendations.
- Experience using analytical or programming tools such as VBA, SQL, R or Python.
- Actuarial qualification or progress toward qualification (e.g. FCAS, ACAS, FIA, IFOA, or equivalent). Equivalent qualifications such as CFA or MBA will also be considered.
- Degree in actuarial science, mathematics or a related quantitative discipline (or equivalent experience).
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.
- 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.
- Short term remote work abroad - you can request up to 20 days per year to work remotely from certain locations abroad.
To learn more about benefits of working with us, click Rewarding our people - QBE European Operations.
Awards & Recognition
We value our employee’s experience with us and are proud to have been recognised for the following awards:
- Insurance Post British Insurance Awards 2025: Winner: Commercial Lines Insurer of the Year, Winner: Reinsurer of the Year - QBE Re, Winner: ESG, Diversity, Equity and Inclusion Initiative of the Year, Winner: Insurance Personality of the Year - Chris Wallace, Executive Director UK insurance.
- AXCO Global Insurance Awards 2024 Winner: Network Management of the Year.
- Insurance Business UK 5-Star Cyber Awards 2024: QBE rated as a 5-Star Cyber Insurer.
- Insurance Post British Insurance Awards 2023: QBE rated as a 5-Star Employee.
To learn more about our achievements, click here.
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.
Your career. At the heart of it.
Skills: Actuarial Science, Analytical Thinking, Conflict Resolution, Critical Thinking, Decision Making, Financial Products, Intentional collaboration, Managing performance, Performance Management (PM), Problem Solving, Project Scoping, Risk Management, Sound Judgment, Stakeholder Management, Statistical Analysis Software (SAS).
How to Apply: To submit your application, click "Apply" and follow the step by step process.
Equal Employment Opportunity: QBE is an equal opportunity employer and is required to comply with equal employment opportunity legislation in each jurisdiction it operates.
Credit Reinsurance Pricing Actuary employer: QBE Insurance
QBE Insurance is an exceptional employer that prioritises the well-being and growth of its employees, offering a supportive work culture where collaboration and innovation thrive. With access to comprehensive benefits, including generous holiday allowances, pension contributions, and private medical insurance, employees can enjoy a balanced work-life experience while making a meaningful impact in the insurance industry. Located in vibrant cities like London and Brussels, QBE provides unique opportunities for professional development and exposure to global markets, ensuring that every team member can contribute to shaping the future of credit reinsurance.
StudySmarter Expert Advice🤫
We think this is how you could land Credit Reinsurance Pricing Actuary
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like QBE Insurance). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like QBE Insurance. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Credit Reinsurance Pricing Actuary
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at QBE Insurance.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at QBE Insurance. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at QBE Insurance
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at QBE Insurance to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at QBE Insurance, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding QBE Insurance's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
