Pricing Actuary (Hybrid, 100%)

Are you ready to make a direct impact on business profitability? 

As a Pricing Actuary, you’ll analyze portfolio performance, develop pricing models, and collaborate across teams to ensure accuracy and success. This role focuses on the Engineering Line of Business, where your expertise will drive key decisions and shape the future of our business. If you're passionate about data-driven insights and actuarial excellence, we'd love to have you on our team!

About the Role

As a Pricing Actuary, analyzing the profitability of the business is key! We need to identify key drivers impacting the portfolio performance. We develop proposals in collaboration with business owners to mitigate gap between what has been costed against actual performance and ensuring the profitability of the book. 

The Pricing Actuary is also responsible maintaining and calibrating parameters for tools and models, creating newer models and large account case pricing. 

You will be working on Engineering Line of Business. You will work with counterparts in Underwriting, Reserving, Claims and Finance to have a 360° view on and develop an independent Actuarial Pricing opinion on the portfolio's expected performance. We develop insights on trends and set parameters using Actuarial and Data Science techniques to improve the predictability and accuracy of costing models. You will have a direct impact in steering your portfolio and ultimately the overall Business Unit's performance.

Key Rresponsibilities:

Profitability Studies:

•    Have a clear independent view on current pricing or loss adequacy driven by data analysis
•    Collaborate with customers and team members to develop a pricing view in and represent and develop compelling recommendations
•    Translate details into impactful Executive reports with effective communication

Costing Accuracy and Data Analytics:

•    Translate profitability findings into corrective actions on costing models and parameters.
•    Build and maintain costing parameters and tools in accordance to Swiss Re Group standards and business needs.
•    Use of actuarial and statistical models to find trends and insights that can be used for risk selection or differentiation, and costing improvements
•    Model and price deal transactions

About the Team

The Actuarial Portfolio Management Property & Specialty team comprised of a mix of expert members already entrenched in their dedicated product specialization and highly motivated newer members who thrive in a dynamic and fast learning environment. This team reports into the Chief Underwriting Officer and is part of the Global Actuarial Portfolio Management unit comprising portfolio steering teams and two other regional pricing teams with the same regional directive of driving costing accuracy for Swiss Re Corporate Solutions.

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.

About You

Professional experience:

•    A minimum of 4 years of experience in P&C commercial insurance (preferably in Engineering Line of Business).
•    Experience in commercial insurance pricing, portfolio profitability analysis and costing model and tool development. 

Technical skills:

•    Highly developed numerical and analytical skills! Applying these skills to translate the quantitative work into effective visualizations for high impact communication.
•    A good understanding of actuarial methods, models, and related business processes.
•    Statistical programming skills (e.g. R, Phyton) and know-how of data science techniques is an advantage.
•    Whilst attention to detail is important, there is oversight on the bigger picture, focusing efforts on areas or solutions that would have the highest impact.

Personal Leadership Skills:

•    You are independent and accountable - and have the skill to priorities to complete plans to achieve high quality results on time.
•    You work for the collective success of the team, take own initiative, are open and diligent; and demonstrate collaboration and intercultural competence. It is important to contribute towards a collaborative team spirit, sharing standard methodologies and insights and motivating the whole team to work together.
•    You can articulate your work and channel your communications accordingly to various situations (advocating vs. dissenting) and be comfortable in communicating and defending your work.

Educational level:

•    Degree in Mathematics, Statistics, Economics, or equivalent quantitative/ statistical fields
•    Good progression towards actuarial qualifications/ Exams

We look forward to your application!
 
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