Credit Reinsurance Pricing Actuary

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.

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.