At a Glance
- Tasks: Analyse and price reinsurance treaty business, supporting underwriters in negotiations.
- Company: Join QBE, a global insurer with a human touch and a collaborative culture.
- Benefits: 30 days holiday, 10% pension contributions, private medical insurance, and remote work options.
- Other info: Dynamic role with strong career growth and opportunities for continuous improvement.
- Why this job: Make a real impact on profitable reinsurance decisions while developing your actuarial skills.
- Qualifications: Actuarial pricing experience and proficiency in analytical tools like VBA or SQL.
The predicted salary is between 55000 - 65000 € per year.
Are you an actuary who enjoys being close to the deal and influencing commercial outcomes? This is a front-end pricing role where you’ll work alongside Underwriting to help shape profitable reinsurance decisions across a diverse Property & Casualty portfolio. You’ll be hands-on with complex, high-value transactions, partnering with brokers and underwriters from initial analysis through to bind.
With exposure to a wide range of products and close collaboration with global actuarial colleagues, this role offers strong development, visibility and impact.
Your new role
- Analyse and price reinsurance treaty business and ensure conclusions and recommendations are analytically robust and clearly supported by data and models.
- Present complex analyses in a clear, structured manner to both technical and non-technical audiences.
- Provide support to underwriters to negotiate terms and structures to meet business goals. This may involve supporting underwriters in broker meetings and calls.
- Maintain and continuously improve actuarial methodologies, models, and reporting practices to meet evolving business needs.
- Develop monitoring and ad-hoc reporting to track pricing performance, profitability, and variance from expectations.
- Perform deep-dive portfolio and product analyses, identifying performance drivers, trends, and emerging risks.
- Proactively identify and evaluate opportunities to improve portfolio mix, pricing actions, and underwriting strategies.
- Contribute to business planning and forecasting.
- Build and maintain strong internal and external stakeholder relationships, delivering timely, relevant, and actionable insights. Internal stakeholders include underwriting, claims, finance and senior leadership.
- Foster a culture of technical excellence, accountability, and continuous improvement within actuarial function.
About you
- Actuarial pricing experience within Property & Casualty insurance or reinsurance.
- Experience developing, reviewing, or enhancing actuarial models and assumptions.
- Confidence working independently on complex analysis while collaborating closely with Underwriting.
- The ability to communicate pricing insights clearly to non-technical audiences.
- Experience using analytical or programming tools such as VBA, SQL, R or similar.
- Actuarial qualification or progress towards qualification (e.g. FCAS, ACAS, FIA, IFOA, or equivalent).
Benefits
- 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.
QBE is an equal opportunity employer and is required to comply with equal employment opportunity legislation in each jurisdiction it operates.
Pricing Actuary - Reinsurance in London employer: QBE
At QBE, we pride ourselves on being an excellent employer, offering a dynamic work environment in London or Brussels where actuaries can thrive. With a strong focus on employee development, our hybrid model promotes collaboration and innovation, while our generous benefits package, including 30 days of holiday and comprehensive medical insurance, ensures a healthy work-life balance. Join us to make a meaningful impact in the reinsurance sector alongside passionate colleagues who value your contributions.
StudySmarter Expert Advice🤫
We think this is how you could land Pricing Actuary - Reinsurance in London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those at QBE. A friendly chat can open doors that applications alone can't.
✨Tip Number 2
Prepare for interviews by practising your pitch. Be ready to explain how your actuarial experience aligns with the role and how you can influence commercial outcomes.
✨Tip Number 3
Showcase your analytical skills! Bring examples of past projects where you’ve used data to drive decisions. This will impress both technical and non-technical audiences.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed and shows you’re serious about joining the QBE team.
We think you need these skills to ace Pricing Actuary - Reinsurance in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Pricing Actuary role. Highlight your actuarial pricing experience and any relevant skills that match the job description. We want to see how you can influence commercial outcomes!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about reinsurance and how your background makes you a great fit for our team. Keep it engaging and personal – we love a good story!
Showcase Your Analytical Skills:Since this role involves complex analyses, be sure to mention any analytical tools you've used, like VBA or SQL. We want to know how you approach problem-solving and how you can present insights clearly to both technical and non-technical audiences.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, it shows us you’re keen on joining the QBE family!
How to prepare for a job interview at QBE
✨Know Your Numbers
As a Pricing Actuary, you'll need to demonstrate your analytical skills. Brush up on your actuarial models and be ready to discuss how you've used data to influence pricing decisions in the past. Prepare specific examples that showcase your ability to analyse complex data and present it clearly.
✨Communicate Like a Pro
You’ll be presenting to both technical and non-technical audiences, so practice explaining your analyses in simple terms. Use clear, structured language and avoid jargon where possible. Consider doing mock presentations with friends or colleagues to get comfortable with this.
✨Understand the Business
Familiarise yourself with the reinsurance landscape and QBE’s role within it. Research recent trends in Property & Casualty insurance and think about how they might impact pricing strategies. This will show your genuine interest in the company and the industry during the interview.
✨Build Relationships
Since the role involves collaborating with underwriters and brokers, think about how you can demonstrate your relationship-building skills. Be prepared to discuss how you've successfully worked with stakeholders in the past and how you plan to foster strong internal and external relationships at QBE.
