At a Glance
- Tasks: Support data analytics and pricing methodology in Life & Health insurance.
- Company: Join a leading firm focused on innovative pricing practices.
- Benefits: Competitive salary, performance bonuses, hybrid work model, and global benefits.
- Other info: Collaborative culture with opportunities for professional growth and development.
- Why this job: Make an impact by improving pricing processes and governance in a dynamic environment.
- Qualifications: Qualified or nearly qualified actuary with strong analytical skills and coding experience.
The predicted salary is between 62000 - 94000 £ per year.
Overview
In this role you will support data analytics and pricing methodology within L&H, strengthening governance and consistency across pricing processes.
You will build and sustain governance for costing tools and promote scalable, transparent pricing practices.
You will partner with regional teams to balance global standards with local needs and contribute to pricing, underwriting and risk governance improvements.
You will apply R or similar programming skills to develop costing solutions and help improve data quality and pricing data requirements.
You will work with cross-functional teams to share information and drive pricing excellence.
- Pay / Benefits
- performance-based variable compensation
- global and location-specific benefits
- hybrid work model (office at least three days a week)
Responsibilities
- Strengthen origination pricing rigor through governance, process execution and review frameworks
- Build and maintain governance for costing tools and best practices across local, regional and global requirements
- Support continuous improvement of pricing methodologies, operating models and controls for effectiveness and scalability
- Collaborate with regional costing teams to adopt globally consistent practices while balancing local needs
- Improve operational resilience, process adherence, documentation quality, and audit readiness in pricing activities
- Collaborate with underwriting, valuation, risk and business management to strengthen business steering
- Develop costing tool solutions using programming skills (R or similar)
- Maintain pricing data requirements and engage with wider teams to improve data landscape and quality
- Foster information sharing across the L&H community
- Key requirements
- Qualified or nearly qualified actuary with Life & Health insurance or reinsurance experience
- Strong understanding of L&H pricing, underwriting, risk management or actuarial frameworks
- Experience developing and implementing actuarial methodologies, governance frameworks, and process improvements
- Strong analytical and problem-solving skills with high attention to detail
- Proficiency in MS Office; advanced coding skills in R and VBA
- Agile, independent, able to navigate ambiguity and balance risk controls with commercial considerations
- Excellent interpersonal, communication and influencing abilities
- analytical
- attention to detail
- communication
- R
- VBA
- MS Office
Pricing Methodology Actuary in London employer: Swiss Re
Swiss Re is an exceptional employer, offering a dynamic and inclusive work culture that champions innovation and collaboration. As a Behavioural Science and Human-AI Consultant, you will have the opportunity to work at the forefront of AI transformation, partnering with multidisciplinary experts to drive meaningful change while enjoying flexible working arrangements and a competitive benefits package. With a strong focus on employee growth and development, Swiss Re empowers you to make a significant impact in the reinsurance industry from their vibrant London office.
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). 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. 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.
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. 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
✨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 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, 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'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.
