Pricing Actuary

Swiss Re - Schweizerische Rückversicherungs-Gesellschaft; Greater London; Hybrid; GBP 68,000 - GBP 102,000; Full time

Job summary

A leading reinsurance company in London is looking for a Pricing Actuary to join its Financial Products team. You will leverage your analytical skills to develop sophisticated pricing models and drive profitability. Candidates should have 3-4 years of P&C pricing experience and be pursuing actuarial qualifications. This role offers a hybrid work model, competitive salary, and opportunities for professional growth.

Benefits

Performance-based variable compensation

Global and location-specific benefits

Hybrid work model

Qualifications

• 3-4 years of experience in P&C Commercial Pricing.
• Demonstrated progress in pursuing actuarial qualifications.
• Strong understanding of costing models and tool development.
• Experience in analyzing portfolio profitability.

Responsibilities

• Develop best-in-class FinPro rating models.
• Conduct sophisticated analysis using actuarial techniques.
• Support pricing for large FinPro accounts.
• Research external market trends.

Skills

Analytical skills

Communication skills

Programming skills in R

Programming skills in Python

SQL knowledge

Actuarial methods understanding

Portfolio profitability analysis

Education

Actuarial qualifications

Job description

Are you a forward-thinking actuary with a passion for innovation and financial analysis? Join our dynamic team at Swiss Re Corporate Solutions in London where you'll help shape best-in-class pricing models for Financial Products while collaborating with industry experts across multiple business functions. This is your opportunity to apply your analytical expertise in a role that combines technical excellence with strategic business impact.

About the Role

As a Pricing Actuary within our Financial Products (FinPro) team, you'll be at the intersection of data analytics and business strategy, developing sophisticated pricing models that drive profitability and growth in complex insurance markets. You'll leverage your technical skills to transform data into actionable insights that guide critical business decisions.

Key Responsibilities

• Develop and enhance best-in-class FinPro rating models by leveraging technology, internal data assets, and exploring broader datasets.
• Create strategic proposals in collaboration with business owners to address profitability gaps.
• Conduct sophisticated analysis using actuarial and data science techniques to improve portfolio profitability.
• Partner closely with Reserving, Underwriting, Finance, and Claims teams to drive integrated business solutions.
• Support pricing for large FinPro accounts, bringing analytical rigor to complex deals.
• Deliver insightful quarterly reviews that provide portfolio steering and recommendations to FinPro underwriting leaders.
• Coordinate rate monitoring processes from costing models and ensure feedback loops inform profitability analysis.
• Research external market trends including industry developments, market conditions, and rate changes.

About the Team

We are the actuarial team providing support to multiple global Corporate Solutions Financial Products including Construction PI, General PI, Agents, Accountants & Consultants, Lawyers, Cyber and Transactional Liability. Our responsibilities encompass loss ratio projections, rating plan development, model calibration, and actuarial pricing support. We work collaboratively with our business partners and encourage technical innovation that complements traditional methods. Our team combines seasoned experts with motivated newer members who thrive in a dynamic, fast-paced learning environment. This role reports to the Senior Pricing Actuary for FinPro PI within Corporate Solutions, with the overall Pricing team reporting to the Chief Underwriting Officer.

About You

You're a detail-oriented professional with strong analytical skills and the ability to translate complex data into actionable business insights. You thrive in collaborative environments while being capable of independent work, and you're passionate about continuous learning and professional development in the actuarial field.

We are looking for candidates who meet these requirements:

• 3-4 years of experience in P&C Commercial Pricing, preferably with general or financial liability products.
• Pursuing actuarial qualifications with demonstrated progress.
• Good understanding of actuarial methods, models, and related business processes.
• Experience in portfolio profitability analysis, costing models, and tool development.
• Strong communication skills with the ability to explain complex concepts to diverse stakeholders.
• Programming skills in R, Python, SQL, and knowledge of data science techniques.
• Experience working between Reserving or Pricing functions.
• Familiarity with exposure and experience rating techniques.
• Ability to work on multiple assignments with dynamic priorities.
• Self-starter mentality with strong work ethic and execution capabilities.

Our company has a hybrid work model where the expectation is that you will be in the office at least three days per week.

For London, the annual base salary range for this position is between GBP 68 000 and GBP 102 000 (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

Swiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime. We cover both Property & Casualty and Life & Health. Combining experience with creative thinking and cutting‑edge expertise, we create new opportunities and solutions for our clients. This is possible thanks to the collaboration of more than 14,000 employees across the world.

Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace 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.

Start your career journey with Swiss Re.