At a Glance
- Tasks: Elevate your actuarial career by developing product expertise and analytical skills in commercial General Insurance.
- Company: Join a global leader in insurance with a dynamic and innovative team.
- Benefits: Competitive salary, hybrid work model, and performance-based bonuses.
- Other info: Collaborate with a diverse global team and enjoy excellent career growth opportunities.
- Why this job: Make a meaningful impact on portfolio profitability while advancing your professional journey.
- Qualifications: Bachelor's degree in a quantitative subject and experience in actuarial roles.
The predicted salary is between 68000 - 102000 € per year.
Are you ready to elevate your actuarial career in the dynamic world of commercial General Insurance? Join us to develop crucial product expertise and analytical capabilities that directly impact the profitability of a global underwriting portfolio. This is your opportunity to make a meaningful difference while advancing your professional journey.
About the Role
As our Pricing Actuary, you'll report to the Global GL Pricing Lead within the Actuarial Portfolio Management (APM) Unit. You'll leverage data-driven techniques to execute portfolio goals, applying your technical actuarial expertise and business acumen to effectively communicate analytical findings to global partners. Your work will directly influence portfolio profitability and contribute to our Business Unit's overall performance.
Key Responsibilities
- Work independently on complex case pricings with a specialization in Alternative Risk Transfer structures and communicate outcomes effectively to underwriters and wider stakeholders.
- Build technical portfolio insight capabilities to optimize financial performance management and enhance profitability views across business lines.
- Analyze portfolios by examining diverse data sources and performing statistical analysis to derive meaningful insights.
- Communicate results to wider partners including Portfolio Managers, Reserving Actuaries, and Finance departments.
- Execute actuarial rate reviews to update costing parameters of in-house Swiss Re developed models.
- Develop and enhance actuarial models through dedicated project work.
About the Team
We are a global team of highly skilled and innovative Actuaries based in locations such as Bangalore, Munich, Zurich, Manchester, London, New York, Windsor, Kansas City, and Toronto.
About You
You are an ambitious, trustworthy, and enthusiastic team player passionate about advancing your actuarial career. You possess excellent interpersonal and communication skills and can convey complex ideas effectively to diverse audiences. You are a self-starter who takes initiative and implements measures in a goal-oriented manner.
Qualifications
- Bachelor's degree in a Quantitative/Numerical subject from a recognized university.
- Significant experience in an Actuarial position, ideally in a long-tail line of business.
- Experience in pricing large transactions with complex structures – including Alternative Risk Transfer.
- Qualified Actuary or on track to qualification.
- Excellent skills in MS Excel and proficiency in R/Python or SQL.
Compensation and Benefits
For London, the annual base salary range for this position is between GBP 68,000 and GBP 102,000 (for a full-time role). For Manchester, the annual base salary range for this position is between GBP 56,000 and GBP 84,000. Salary is determined by requirements, scope, complexity, and responsibilities of the role, as well as the applicant's profile including education, qualifications, expertise, specialization, skills, and experience. In addition to the base salary, Swiss Re offers an attractive performance-based variable compensation component. The role operates under a hybrid work model; you are expected to be in the office at least three days per week. Our company offers a variety of global and location-specific benefits. Eligibility may vary depending on the terms of Swiss Re policies and your employment contract.
Equal Opportunity Employer
Swiss Re embraces a workplace where everyone has equal opportunities to thrive and develop professionally, regardless of age, gender, race, ethnicity, sexual orientation, physical or mental ability, or other protected characteristics.
Pricing Actuary (Hybrid, 80 - 100%) in Manchester employer: Swiss Re
Swiss Re is an exceptional employer that fosters a collaborative and innovative work culture, particularly for the Pricing Actuary role. With a strong emphasis on professional development, employees are encouraged to enhance their skills and advance their careers while contributing to impactful projects in a global setting. The hybrid work model and competitive compensation package, along with a commitment to diversity and inclusion, make Swiss Re a rewarding place to build a meaningful career in the actuarial field.
StudySmarter Expert Advice🤫
We think this is how you could land Pricing Actuary (Hybrid, 80 - 100%) in Manchester
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, join online forums, and don’t be shy about reaching out to current employees at companies you’re interested in. We all know that sometimes it’s not just what you know, but who you know!
✨Ace the Interview
Prepare for your interviews by practising common actuarial questions and scenarios. We recommend doing mock interviews with friends or mentors to build confidence. Remember, it’s all about showcasing your analytical skills and how you can contribute to the team!
✨Showcase Your Skills
Create a portfolio that highlights your projects and achievements in actuarial work. Whether it’s a complex pricing model or a successful analysis, we want to see your best work! This can really set you apart from other candidates.
✨Apply Through Our Website
Don’t forget to apply directly through our website! It’s the best way to ensure your application gets seen by the right people. Plus, you’ll find all the latest job openings and updates there, so keep checking back!
We think you need these skills to ace Pricing Actuary (Hybrid, 80 - 100%) in Manchester
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 actuarial expertise, especially in pricing large transactions and using data-driven techniques.
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to express your passion for the actuarial field and how you can contribute to our team. Mention specific projects or experiences that showcase your analytical capabilities.
Showcase Your Technical Skills:Don’t forget to mention your proficiency in MS Excel, R/Python, or SQL. These are crucial for the role, so provide examples of how you've used these tools in your previous work to derive insights or optimise performance.
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 and shows your enthusiasm for joining our global team!
How to prepare for a job interview at Swiss Re
✨Know Your Numbers
As a Pricing Actuary, you'll be dealing with complex data and statistical analysis. Brush up on your quantitative skills and be prepared to discuss specific examples of how you've used data-driven techniques in past roles. This will show your technical expertise and ability to communicate analytical findings effectively.
✨Understand the Business
Familiarise yourself with the commercial General Insurance landscape and the specific challenges it faces. Research the company’s portfolio and recent developments in the industry. This knowledge will help you articulate how your skills can directly impact profitability and contribute to the overall performance of the business unit.
✨Prepare for Technical Questions
Expect questions that test your actuarial knowledge, especially around Alternative Risk Transfer structures. Be ready to explain your thought process in pricing large transactions and how you approach complex case pricings. Practising these scenarios will help you feel more confident during the interview.
✨Showcase Your Communication Skills
Since you'll need to convey complex ideas to diverse audiences, practice explaining your past projects in simple terms. Use examples that highlight your interpersonal skills and ability to work collaboratively with underwriters and other stakeholders. This will demonstrate that you can bridge the gap between technical analysis and business needs.
