Property Pricing Actuary (P&C Pricing)

About the Role

Do you have career aspirations to be a Pricing Actuary in the commercial General Insurance space? This role involves developing the product know-how and analytical skills vital to improve the profitability of a global Underwriting portfolio.

The Pricing Actuary is a key colleague reporting to the Lead Actuary Property EMEA, Energy, APAC within the Actuarial Portfolio Management (APM) Unit. You will execute portfolio goals by using data-driven techniques.

You possess strong technical Actuarial skills and business understanding, allowing you to effectively communicate the findings of your analysis to global partners. You demonstrate the highest level of behavioral attributes to succeed in a multi-cultural distributed team.

Your role will involve using actuarial methods and techniques to develop insights into portfolio trends and set costing parameters for our proprietary property costing model. This will help improve the predictability and accuracy of costing, directly impacting the profitability of your portfolio and 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 stakeholders, primarily the case Underwriter.
• Carry out quarterly profitability analysis of the portfolio using Actuarial techniques like Experience rating and Exposure rating to evaluate performance and project future outcomes.
• Build technical portfolio insight capabilities to optimize financial performance management and enhance views on profitability across sub-portfolios.
• Analyze portfolios and sub-portfolios by slicing and dicing data sources and performing statistical analysis to derive insights.
• Communicate 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 costing parameters of the proprietary costing model for Fire perils.
• Enhance models and develop new models for additional perils.
• Develop data pipelines, data transformation, and analysis for Portfolio analytics, Model reviews, and other enhancements.
• Participate in yearly planning exercises 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, you are the right person to join our highly motivated team.

About the Team

We are a global team of Actuaries spread across locations including Bangalore, Munich, Zurich, Manchester, London, New York, Windsor, and Kansas City. Our team consists of qualified and student Actuaries working 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

We are looking for an ambitious, trustworthy, and enthusiastic team player 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.

• 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.

For Germany, the base salary range for this position is between 71,000 and 118,000 EUR (for a full-time role). The specific salary offered considers:

• the requirements, scope, complexity, and responsibilities of the role.
• the applicant's 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 recognize your achievements. You will also enjoy a variety of global and location-specific benefits.

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.

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.

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.