Reinsurance Pricing Actuary

Primary Details

Time Type: Full time

Worker Type: Employee

QBE Re is the reinsurance arm of QBE Insurance Group, operating globally to deliver tailored risk solutions across a wide range of sectors. Our Brussels office plays a strategic role in supporting international operations, combining local market insight with the strength of a global network. We foster a collaborative and inclusive culture, where innovation and expertise drive impactful outcomes for our clients and partners.

The opportunity:

We are looking for a Reinsurance Pricing Actuary to join our Brussels-based team, supporting the pricing and profitability of QBE Re’s non-life reinsurance portfolio. The role involves close collaboration with underwriting and actuarial stakeholders to develop robust pricing methodologies, enhance models and tools, and support sustainable, profitable growth across international markets.

Your New role:

• Provide support to plans to deliver the pricing strategy.
• Provide support on pricing projects to improve pricing techniques and processes for profitable growth.
• Ensure compliance with internal governance, actuarial and regulatory standards.
• Build and maintain relationships with key external and internal stakeholders to improve pricing models.
• Develop pricing tools and rates to ensure robust methods are adopted by the business.
• Support the continuous development of minimum pricing standards and methodologies.
• Investigate and understand the range of models and rating tools used in divisions to identify weaknesses and strengths.
• Able to develop and modify complex actuarial models.
• Identifies new opportunities for actuarial analysis and drives efficiencies.
• Presents clear and well-organised analyses to appropriate audiences.
• Coordinates and oversees the work of professionals, including mentoring.
• Develops solutions to proactively ensure ongoing profitability of products.
• Maintains quality controls and standards throughout processes.
• Analyses and interprets data independently to support business decisions.

About you

We are looking for a motivated and technically strong non-life actuary with a solid foundation in pricing and actuarial modelling, ideally within insurance or reinsurance.

You will bring:

• A minimum of five years’ relevant actuarial experience, ideally within non-life insurance or reinsurance.
• Proven experience in actuarial pricing analysis and predictive modelling.
• A strong understanding of general insurance, with experience in reserving considered a strong advantage.
• Strong analytical, problem-solving and communication skills, with the ability to translate complex analyses into clear business insights.
• A proactive mindset, with the ability to identify improvement opportunities and drive efficiencies.

Qualifications

• University degree (or equivalent combination of education and experience), preferably in actuarial science, mathematics, statistics or a related quantitative field.
• Actuarial qualification or progress towards actuarial certification is preferred.
• Strong knowledge of Microsoft Office, particularly Excel.
• Practical knowledge or exposure to programming in at least one of the following: VBA, Python or R.
• Fluent English is required.

Benefits

We offer a range of benefits to help provide holistic support for your work life, whatever your circumstances.

Awards & Recognition

We value our employee’s experience with us and are proud to have been recognised for the following awards:

• AXCO Global Insurance Awards 2024 Winner: Network Management of the Year
• Insurance Business UK 5-Star Cyber Awards 2024: QBE rated as a 5-Star Cyber Insurer
• UK IT Industry Awards 2023 Winner: Green Technology Innovation of the Year
• Working Dads Employer Awards 2023 Winner: Parental Policies Award
• Insurance Post British Insurance Awards 2023: QBE rated as a 5-Star Employer

If you’re looking for a career that combines your expertise and your empathy, apply today.

Your career. At the heart of it.

Skills:

• Actuarial Science
• Analytical Thinking
• Critical Thinking
• Decision Making
• Financial Products
• Intentional collaboration
• Managing performance
• Price Modelling
• Problem Solving
• Process Improvements
• Risk Management
• Sound Judgment
• Stakeholder Management
• Statistical Analysis Software (SAS)
• Waterfall Model

How to Apply:

To submit your application, click "Apply" and follow the step by step process.

Equal Employment Opportunity:

QBE is an equal opportunity employer and is required to comply with equal employment opportunity legislation in each jurisdiction it operates.