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- Tasks: Join Swiss Re as a Property Pricing Actuary, analysing data to enhance profitability.
- Company: Swiss Re is a global leader in reinsurance and insurance solutions.
- Benefits: Enjoy competitive salary, performance bonuses, and global benefits.
- Why this job: Make a real impact on portfolio profitability while working in a diverse, inclusive team.
- Qualifications: Bachelor's degree in a quantitative field; 5+ years in actuarial pricing; programming skills in R/Python or SQL.
- Other info: Flexible work environment with opportunities for professional growth.
The predicted salary is between 56000 - 84000 ÂŁ per year.
Swiss Re Manchester, England, United Kingdom
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Swiss Re Manchester, England, United Kingdom
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Join to apply for the Property Pricing Actuary (80 – 100%) role at Swiss Re
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About The Role
Do you have career aspirations to be a Pricing Actuary in commercial General Insurance space – developing the product know-how and analytical skills vital to improve the profitability of a global Underwriting portfolio?
About The Role
Do you have career aspirations to be a Pricing Actuary in commercial General Insurance space – developing the product know-how and analytical skills vital to improve the profitability of a global Underwriting portfolio?
The \” Pricing Actuary\” is a standout colleague reporting into Lead Actuary Property EMEA, Energy, APAC within Actuarial Portfolio Management (APM) Unit to execute the portfolio goals by using data driven techniques,
You have good technical Actuarial skills and business understanding to effectively communicate the findings of your analysis to global partners. You demonstrate the highest level of behavioral attributes to be successful in a multi-cultural distributed team.
You must be using actuarial methods and techniques to help develop insight into portfolio and trends to set costing parameters for our in-house proprietary property costing model, helping improve the predictability and accuracy of costing the model. You will have a direct impact in helping steer the profitability of your portfolio and ultimately the overall Business Unit\’s performance
Key Responsibilities Of The Role Include
- Work independently on complex case pricings for transactions requiring Actuarial reviews and communicate effectively the outcome to the stakeholders primarily the case Underwriter.
- Carry out the quarterly profitability analysis of the portfolio by employing a combination of Actuarial techniques like Experience rating and Exposure rating to evaluate the on-level level performance of the book and projection for future.
- Build technical portfolio insight capabilities to optimize financial performance management and enhance the views on profitability of sub portfolios across the lines of business.
- Analyze the portfolios and sub-portfolios by slicing and dicing the data sources and perform statistical analysis on the data to derive portfolio insights.
- Communicate your results and findings optimally to wider partners including Portfolio Managers, Reserving Actuaries and Finance Planning & Accounting departments
- Work on Actuarial rate review projects to update the costing parameters of the in-house Swiss Re developed proprietary costing model for Fire perils.
- Work on Actuarial projects to enhance models and develop models for new perils
- Work on developing data pipelines, data transformation and analysis for Portfolio analytics, Model reviews and other model enhancements
- Participate in yearly planning exercise and provide Actuarial inputs for the portfolio.
You are encouraged to act with a high level of team spirit, dedication and focus.
If you are eager to deploy your results-oriented approach and technical capabilities, to further develop your business understanding and support the ongoing development of the portfolio, work with insurance specialists and other functional partners around the world, you are the right person to join our highly motivated team.
About The Team
We are a global fraternity of Actuaries spread across the globe in Bangalore, Munich, Zurich, Manchester, London, New York, Windsor and Kansas City. Our team comprises of qualified and student Actuaries who work on the largest portfolio for Swiss Re CorSo. We are part of the Underwriting Unit and report to the Chief Underwriting Officer (CUO).
We foster an inclusive culture that values diverse perspectives and innovative thinking, ensuring equal opportunities for professional development.
About You
Our expectations are just as large as yours. We are looking for an ambitious, trustworthy and enthusiastic team player who is keen to progress their career as an actuary. To be successful you need to have excellent interpersonal and communication skills with the ability to convey complex ideas effectively to a wider audience. Do you consider yourself to be a \”self-starter,\” able and willing to take initiative and implement measures in a goal-oriented manner with:
- Bachelor\’s degree in a Quantitative/Numerical subject from a recognized university.
- More than 5 years in an Actuarial position ideally in pricing Property or short tail businesses for London Market businesses
- Qualified Actuary or on track to be one
- Excellent skills in MS Excel and strong programming skills in R/Python or SQL
- A flair for data and numbers with a high level of numeracy and attention to detail
- An open-minded, intellectually curious approach to everything you do
- Strong team skills and enjoy working with people across the globe
Role
For the United Kingdom, the base salary range for this position is between 56 000 GBP and 84 000 GBP (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 Corporate Solutions
Swiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer. We anticipate and manage risks, from natural catastrophes and climate change to cybercrime.
Swiss Re Corporate Solutions is the commercial insurance arm of the Swiss Re Group. We offer innovative insurance solutions to large and midsized multinational corporations from our approximately 50 locations worldwide. We help clients mitigate their risk exposure, whilst our industry-leading claims service provides them with additional peace of mind.
Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. Swiss Re Corporate Solutions embraces 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.
Keywords
Reference Code: 134938
Seniority level
-
Seniority level
Not Applicable
Employment type
-
Employment type
Full-time
Job function
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Job function
Finance and Sales
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Industries
Insurance
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Property Pricing Actuary (80 - 100%) employer: Swiss Re
Contact Detail:
Swiss Re Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Property Pricing Actuary (80 - 100%)
✨Tip Number 1
Familiarise yourself with the latest trends in property pricing and actuarial techniques. This will not only help you during interviews but also demonstrate your commitment to staying updated in the field.
✨Tip Number 2
Network with current or former employees of Swiss Re, especially those in actuarial roles. They can provide valuable insights into the company culture and expectations, which can be beneficial for your application.
✨Tip Number 3
Prepare to discuss specific examples of how you've used data-driven techniques in previous roles. Being able to articulate your experience with statistical analysis and portfolio management will set you apart.
✨Tip Number 4
Showcase your programming skills in R, Python, or SQL during discussions. Highlighting your technical abilities will reassure the hiring team that you can contribute effectively to their data analytics needs.
We think you need these skills to ace Property Pricing Actuary (80 - 100%)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in actuarial roles, particularly in pricing for property or short-tail businesses. Use specific examples that demonstrate your analytical skills and technical expertise.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the role and the company. Mention your understanding of the commercial general insurance space and how your background aligns with Swiss Re's goals.
Highlight Technical Skills: Emphasise your proficiency in MS Excel, R, Python, or SQL in your application. Provide examples of how you've used these tools to analyse data and derive insights in previous roles.
Showcase Communication Skills: Since the role requires effective communication with global partners, include examples in your application that demonstrate your ability to convey complex ideas clearly and concisely to diverse audiences.
How to prepare for a job interview at Swiss Re
✨Showcase Your Technical Skills
As a Property Pricing Actuary, you'll need to demonstrate your strong technical actuarial skills. Be prepared to discuss specific actuarial methods and techniques you've used in previous roles, especially those related to pricing and profitability analysis.
✨Communicate Complex Ideas Clearly
Effective communication is key in this role. Practice explaining complex actuarial concepts in simple terms, as you will need to convey your findings to stakeholders who may not have a technical background.
✨Demonstrate Team Spirit
Swiss Re values collaboration across its global teams. Share examples of how you've successfully worked in diverse teams and contributed to a positive team environment, highlighting your interpersonal skills.
✨Prepare for Data Analysis Questions
Expect questions that assess your analytical abilities. Brush up on your data analysis skills, particularly in R, Python, or SQL, and be ready to discuss how you've used these tools to derive insights from data in past projects.
