At a Glance
- Tasks: Analyse data and enhance pricing methodologies for a leading insurance company.
- Company: Join Swiss Re, a global leader in reinsurance and risk management.
- Benefits: Competitive salary, performance bonuses, hybrid work model, and diverse benefits.
- Other info: Collaborative team environment focused on innovation and professional growth.
- Why this job: Make a real impact on global insurance practices while developing your analytical skills.
- Qualifications: Qualified or nearly qualified actuary with strong analytical and coding skills.
The predicted salary is between 60750 - 74250 £ per year.
This role focusses on wide range of topics covering data analytics and pricing methodology. Key accountabilities include:
- Strengthen NB Origination rigour by promoting consistent execution of pricing processes, governance requirements, and review frameworks.
- Build and maintain a strong governance framework for costing tools and best practices to achieve excellence, balancing local, regional and global requirements.
- Support continuous improvement of pricing methodologies, operating models and associated controls to improve effectiveness, transparency, and scalability.
- Partner with regional costing teams to identify improvement opportunities and support adoption of globally consistent practices whilst balancing local business needs.
- Contribute to initiatives that improve operational resilience, process adherence, documentation quality, and audit readiness across pricing activities.
- Collaborate with underwriting, valuation, risk, and business management teams to strengthen business steering.
- Efficient use of programming skills (R or similar) and technical knowledge to develop solutions relating to costing tools and its processes.
- Support in maintenance of pricing data requirements and engage with wider teams for improving data landscape and its quality.
- Collaborate and drive effective information sharing for L&H community.
- About the Team
You will be part of L&H Portfolio, Pricing & Performance (PPP), a global team focused on enabling sustainable business performance through effective portfolio steering, pricing governance, underwriting standards and business oversight.
Working across markets and functions, the team drives consistent practices, operational rigour and informed decision-making to support the long-term success of Swiss Re's Life & Health business and contribute to making the world more resilient.
About You
- Qualified or nea rly qualified actuary with experience in the Life & Health insurance or reinsurance industry.
- Strong understanding of L&H pricing, underwriting, risk management or other actuarial frameworks.
- Experience contributing to the development and implementation of actuarial methodologies, governance frameworks, process improvements or best practices.
- Strong analytical and problem-solving skills with excellent attention to detail.
- Proficiency in working with MS Office, Advanced Coding Skills (R Prog, VBA) with keen interest to develop further.
- Agile and flexible working style, with a proven ability to work independently, navigate ambiguity, and balance the need for adequate risk controls with commercial considerations
- Excellent interpersonal, communication and influencing skills
Compensation & Work Model
For London, the base salary range for this position is between £62,000 and £94,000 for a full-time role.
The specific salary offered considers
The requirements, scope, complexity and responsibilities of the role.
The applicant's own profile including education/qualifications, expertise, specialisation, skills, experience and location.
In addition to your base salary, Swiss Re offers an attractive performance-based variable compensation component, designed to recognise your achievements.
Furthermore, you will enjoy a variety of global and location specific benefits. Eligibility may vary depending on the terms of Swiss Re policies and your employment contract.
Our company has a hybrid work model where the expectation is that you will be in the office at least three days per week.
- #Li-Hybrid
- About Swiss Re
Swiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient.
We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime.
We cover both Property & Casualty and Life & Health.
Combining experience with creative thinking and cutting-edge expertise, we create new opportunities and solutions for our clients.
This is possible thanks to the collaboration of more than 15,000 employees across the world.
Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking.
We embrace a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics.
In our inclusive and flexible environment everyone can bring their authentic selves to work and their passion for sustainability.
If you are an experienced professional returning to the workforce after a career break, we encourage you to apply for open positions that match your skills and experience.
We may use AI-powered tools to support the review and evaluation of applications for this position.
These tools provide additional insights to our recruitment teams, but all hiring decisions are carefully reviewed and made by people.
To learn more about how we use AI in recruitment and how we handle your personal data, please review your Data Privacy Statement before applying.
Start your career journey with Swiss Re.
Pricing Methodology Actuary in London employer: Swiss Re Group
Swiss Re Group is an attractive employer due to its commitment to professional development and a collaborative work culture. Employees have access to continuous improvement initiatives and opportunities to work with diverse teams. The company's focus on innovation in pricing methodologies further enhances its appeal as a workplace.
StudySmarter Expert Advice🤫
We think this is how you could land Pricing Methodology Actuary in London
✨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 Swiss Re Group). 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 Swiss Re Group. 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 Pricing Methodology Actuary in London
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 Swiss Re Group.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Swiss Re Group. 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 Swiss Re Group
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Swiss Re Group 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 Swiss Re Group, 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 Swiss Re Group'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.
