Property Pricing Actuary (P&C)

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 into 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, enabling 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 involves using actuarial methods and techniques to develop insights into the portfolio and trends, setting costing parameters for our in-house 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 the on-level performance of the book and project future performance.

• Build technical portfolio insight capabilities to optimize financial performance management and enhance views on profitability of sub-portfolios across lines of business.

• Analyze portfolios and sub-portfolios by slicing and dicing data sources and performing statistical analysis to derive portfolio 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 in-house Swiss Re developed proprietary costing model for Fire perils.

• Enhance models and develop models for new perils.

• Develop data pipelines, data transformation, and analysis for Portfolio analytics, Model reviews, and other model 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 fraternity of Actuaries spread across the globe in locations such as Bangalore, Munich, Zurich, Manchester, London, New York, Windsor, and Kansas City. Our team comprises 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

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 excellent interpersonal and communication skills with the ability to convey complex ideas effectively to a wider audience. You should be a "self-starter," able and willing to take initiative and implement measures in a goal-oriented manner.

• 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 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, as well as 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 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. We help clients mitigate their risk exposure while providing industry-leading claims service.

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.