At a Glance
- Tasks: Shape pricing strategies for complex financial products and collaborate with industry experts.
- Company: Join Swiss Re, a leading global provider of reinsurance and insurance solutions.
- Benefits: Competitive salary, performance-based bonuses, and diverse global benefits.
- Why this job: Make an immediate impact in a dynamic environment while growing your actuarial career.
- Qualifications: Pursuing actuarial qualifications with programming skills in R, Python, or SQL.
- Other info: Hybrid work model with opportunities for professional development and innovation.
The predicted salary is between 40000 - 60000 £ per year.
Join our Corporate Solutions team at Swiss Re where you'll help shape pricing strategies for complex financial products while working with industry experts who value innovation and technical excellence. This role offers exceptional growth opportunities and exposure to diverse international markets.
As an Associate Pricing Actuary, you'll be at the intersection of data analysis, financial modeling, and business strategy. You'll collaborate with underwriting teams to price large FinPro accounts while contributing to portfolio steering insights that drive business decisions.
Key Responsibilities- Develop pricing strategies for large Financial Products (FinPro) accounts with immediate business impact.
- Deliver quarterly profitability reviews providing portfolio steering insights to underwriting leadership.
- Enhance rating models by leveraging technology, internal data assets, and exploring broader datasets.
- Apply actuarial and data science techniques to improve profitability analysis.
- Coordinate rate monitoring processes and establish feedback loops for planning analysis.
- Research external market conditions including industry trends and rate changes.
- Support portfolio management by identifying drivers behind claims emergence and performance.
- Partner with underwriting teams to provide technical insights for business decisions.
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. Key responsibilities for our team include loss ratio projections, rating plan development, model calibration and actuarial pricing support. We work closely with our business partners and encourage technical innovation that supports traditional methods. The team is a mix of senior expert members and highly motivated newer members who thrive in a dynamic and fast learning environment. This role will report to the Senior Pricing Actuary for FinPro PI within Corporate Solutions.
You're an analytical thinker who thrives in collaborative environments and enjoys solving complex problems. You're comfortable working with limited data and curious about finding alternative data sources. You have excellent communication skills and can translate technical insights into business value while maintaining strong relationships with stakeholders across the organization.
Requirements- Currently pursuing actuarial qualifications with demonstrated progress.
- Experience in P&C insurance or related financial services.
- Strong programming skills in at least one language (R, Python, SQL).
- Familiarity with actuarial reserving and/or pricing techniques and models.
- Proven ability to work independently, prioritize tasks, and meet deadlines.
- Knowledge of data science techniques and their application in insurance.
- Experience in portfolio profitability analysis and costing models.
- Tool development experience for actuarial applications.
- Understanding of Financial Products lines of business.
- Strong presentation skills and experience communicating with business leaders.
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 40,000 and GBP 60,000 (for a full-time role). The specific salary offered considers the requirements, scope, complexity and responsibilities of the role, as well as the applicant's own profile including education/qualifications, expertise, specialization, 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.
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.
Associate Pricing Actuary (Hybrid, 80-100%) employer: Swiss Re
Contact Detail:
Swiss Re Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Associate Pricing Actuary (Hybrid, 80-100%)
✨Tip Number 1
Network like a pro! Reach out to current or former employees at Swiss Re on LinkedIn. A friendly chat can give you insider info and maybe even a referral, which can really boost your chances.
✨Tip Number 2
Prepare for the interview by brushing up on your technical skills. Since you'll be dealing with data analysis and financial modelling, make sure you can confidently discuss your experience with programming languages like R, Python, or SQL.
✨Tip Number 3
Show off your problem-solving skills! Be ready to share examples of how you've tackled complex issues in the past. This will demonstrate your analytical thinking and ability to thrive in collaborative environments.
✨Tip Number 4
Don’t forget to follow up after your interview! A quick thank-you email can leave a lasting impression and shows your enthusiasm for the role. Plus, it’s a great chance to reiterate why you’re the perfect fit for the Associate Pricing Actuary position.
We think you need these skills to ace Associate Pricing Actuary (Hybrid, 80-100%)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Associate Pricing Actuary role. Highlight relevant experience in P&C insurance, programming skills, and any actuarial qualifications you’re pursuing. We want to see how your background aligns with our needs!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your analytical skills can contribute to our team. Don’t forget to mention your interest in collaborating with underwriting teams and driving business decisions.
Showcase Your Technical Skills: We love seeing strong programming skills! Make sure to highlight your experience with R, Python, or SQL in your application. If you've worked on any tool development for actuarial applications, be sure to include that too!
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 serious about joining our dynamic team at Swiss Re!
How to prepare for a job interview at Swiss Re
✨Know Your Numbers
As an Associate Pricing Actuary, you'll be dealing with data analysis and financial modelling. Brush up on your actuarial techniques and be ready to discuss how you've applied them in past roles. Be prepared to explain your thought process behind pricing strategies and profitability analysis.
✨Showcase Your Tech Skills
Since strong programming skills are a must, make sure you can talk confidently about your experience with R, Python, or SQL. Consider preparing a brief example of a project where you used these tools to enhance rating models or analyse data, as this will demonstrate your technical prowess.
✨Understand the Business
Familiarise yourself with the Financial Products lines of business and current market trends. Being able to discuss how external conditions impact pricing strategies will show that you’re not just a numbers person but also understand the broader business context.
✨Communicate Clearly
Excellent communication skills are key for this role. Practice explaining complex actuarial concepts in simple terms, as you'll need to translate technical insights into business value. Think about examples where you've successfully communicated with stakeholders to drive decisions.