At a Glance
- Tasks: Shape innovative pricing models and collaborate with industry experts in a dynamic team.
- Company: Join Swiss Re, a leading provider of reinsurance and insurance solutions.
- Benefits: Competitive salary, performance-based bonuses, and global benefits.
- Other info: Hybrid work model with opportunities for continuous learning and professional growth.
- Why this job: Make a real impact on financial products while developing your actuarial skills.
- Qualifications: 3-4 years in P&C Commercial Pricing and strong analytical skills required.
The predicted salary is between 68000 - 102000 € per year.
Are you a forward-thinking actuary with a passion for innovation and financial analysis? Join our dynamic team at Swiss Re Corporate Solutions in London where you'll help shape best-in-class pricing models for Financial Products while collaborating with industry experts across multiple business functions. This is your opportunity to apply your analytical expertise in a role that combines technical excellence with strategic business impact.
About the Role
As a Pricing Actuary within our Financial Products (FinPro) team, you'll be at the intersection of data analytics and business strategy, developing sophisticated pricing models that drive profitability and growth in complex insurance markets. You'll leverage your technical skills to transform data into actionable insights that guide critical business decisions.
Key Responsibilities
- Develop and enhance best-in-class FinPro rating models by leveraging technology, internal data assets, and exploring broader datasets.
- Create strategic proposals in collaboration with business owners to address profitability gaps.
- Conduct sophisticated analysis using actuarial and data science techniques to improve portfolio profitability.
- Partner closely with Reserving, Underwriting, Finance, and Claims teams to drive integrated business solutions.
- Support pricing for large FinPro accounts, bringing analytical rigor to complex deals.
- Deliver insightful quarterly reviews that provide portfolio steering and recommendations to FinPro underwriting leaders.
- Coordinate rate monitoring processes from costing models and ensure feedback loops inform profitability analysis.
- Research external market trends including industry developments, market conditions, and rate changes.
About the Team
We are the actuarial team providing support to multiple global Corporate Solutions Financial Products including Construction PI, General PI, Agents, Accountants & Consultants, Lawyers, Cyber and Transactional Liability. Our responsibilities encompass loss ratio projections, rating plan development, model calibration, and actuarial pricing support. We work collaboratively with our business partners and encourage technical innovation that complements traditional methods. Our team combines seasoned experts with motivated newer members who thrive in a dynamic, fast-paced learning environment.
This role reports to the Senior Pricing Actuary for FinPro PI within Corporate Solutions, with the overall Pricing team reporting to the Chief Underwriting Officer.
About You
You're a detail-oriented professional with strong analytical skills and the ability to translate complex data into actionable business insights. You thrive in collaborative environments while being capable of independent work, and you're passionate about continuous learning and professional development in the actuarial field.
We are looking for candidates who meet these requirements:
- 3-4 years of experience in P&C Commercial Pricing, preferably with general or financial liability products.
- Pursuing actuarial qualifications with demonstrated progress.
- Good understanding of actuarial methods, models, and related business processes.
- Experience in portfolio profitability analysis, costing models, and tool development.
- Strong communication skills with the ability to explain complex concepts to diverse stakeholders.
- Programming skills in R, Python, SQL, and knowledge of data science techniques.
- Experience working between Reserving or Pricing functions.
- Familiarity with exposure and experience rating techniques.
- Ability to work on multiple assignments with dynamic priorities.
- Self-starter mentality with strong work ethic and execution capabilities.
Our company has a hybrid work model where the expectation is that you will be in the office at least three days per week.
For London, the annual base salary range for this position is between GBP 68,000 and GBP 102,000 (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 and experience.
In addition to your base salary, Swiss Re offers an attractive performance-based variable compensation component, designed to recognise your achievements. Further 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.
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 14,000 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.
Start your career journey with Swiss Re.
Pricing Actuary (Hybrid, 80 - 100%), London (GB) employer: Swiss Re - Schweizerische Rückversicherungs-Gesellschaft
Swiss Re Corporate Solutions in London is an exceptional employer that fosters a culture of innovation and collaboration, making it an ideal place for forward-thinking actuaries. With a strong emphasis on professional development, employees benefit from a hybrid work model, competitive compensation, and a variety of global benefits, all while contributing to meaningful projects that shape the future of financial products. Join a diverse team where your analytical skills will not only drive business success but also support a resilient world.
Contact Detail:
Swiss Re - Schweizerische Rückversicherungs-Gesellschaft Recruiting Team
StudySmarter Expert Advice🤫
We think this is how you could land Pricing Actuary (Hybrid, 80 - 100%), London (GB)
✨Tip Number 1
Network like a pro! Reach out to industry professionals on LinkedIn or attend local meetups. Building connections can open doors and give you insider info about job openings.
✨Tip Number 2
Prepare for interviews by practising common questions and showcasing your analytical skills. Use real-life examples from your experience to demonstrate how you can add value to the team.
✨Tip Number 3
Don’t just apply; follow up! A quick email after submitting your application shows enthusiasm and keeps you on their radar. Plus, it’s a great chance to reiterate your interest in the role.
✨Tip Number 4
Check out our website for the latest job openings. We’re always looking for talented individuals like you, so don’t miss out on the chance to join our innovative team!
We think you need these skills to ace Pricing Actuary (Hybrid, 80 - 100%), London (GB)
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the skills and experiences that align with the Pricing Actuary role. Highlight your analytical expertise and any relevant projects you've worked on, especially those involving pricing models or data analytics.
Craft a Compelling Cover Letter:Use your cover letter to tell us why you're passionate about this role and how your background makes you a great fit. Be sure to mention your experience in P&C Commercial Pricing and your journey towards actuarial qualifications.
Showcase Your Technical Skills:Don’t forget to highlight your programming skills in R, Python, and SQL. We love seeing candidates who can leverage technology to drive insights, so make sure these skills stand out in your application.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows us you’re keen on joining our team!
How to prepare for a job interview at Swiss Re - Schweizerische Rückversicherungs-Gesellschaft
✨Know Your Numbers
As a Pricing Actuary, you'll be dealing with complex data and models. Brush up on your actuarial methods and ensure you can discuss your experience with portfolio profitability analysis and costing models confidently. Be ready to share specific examples of how you've used data to drive business decisions.
✨Showcase Your Technical Skills
Make sure to highlight your programming skills in R, Python, and SQL during the interview. Prepare to discuss how you've applied these skills in previous roles, especially in developing pricing models or conducting sophisticated analyses. This will demonstrate your technical prowess and ability to leverage technology effectively.
✨Collaborate Like a Pro
Since this role involves working closely with various teams, be prepared to talk about your collaborative experiences. Share examples of how you've partnered with Reserving, Underwriting, or Finance teams to create integrated solutions. This shows that you can thrive in a team environment while also being capable of independent work.
✨Stay Ahead of Market Trends
Research current market trends and developments in the insurance industry before your interview. Being able to discuss how external factors influence pricing strategies will impress your interviewers and show that you're proactive about staying informed in your field.
