Property Pricing Actuary (m/f/x)

About the Role 

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

The " Pricing Actuary" is a standout colleague reporting into Lead Actuary Property EMEA, Energy, APAC within Actuarial Portfolio Management (APM) Unit to execute the portfolio goals by using data driven techniques,

You have good technical Actuarial skills and business understanding to effectively communicate the findings of your analysis to global partners. You demonstrate the highest level of behavioral attributes to be successful in a multi-cultural distributed team.

You must be using actuarial methods and techniques to help develop insight into portfolio and trends to set costing parameters for our in-house proprietary property costing model, helping improve the predictability and accuracy of costing the model. You will have a direct impact in helping steer the profitability of your portfolio and ultimately 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 the stakeholders primarily the case Underwriter.

• Carry out the quarterly profitability analysis of the portfolio by employing a combination of Actuarial techniques like Experience rating and Exposure rating to evaluate the on-level level performance of the book and projection for future.

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

• Analyze the portfolios and sub-portfolios by slicing and dicing the data sources and perform statistical analysis on the data to derive portfolio insights.

• Communicate your 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 the costing parameters of the in-house Swiss Re developed proprietary costing model for Fire perils.

• Work on Actuarial projects to enhance models and develop models for new perils

• Work on developing data pipelines, data transformation and analysis for Portfolio analytics, Model reviews and other model enhancements

• Participate in yearly planning exercise 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, work with insurance specialists and other functional partners around the world, 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 Bangalore, Munich, Zurich, Manchester, London, New York, Windsor and Kansas City. Our team comprises of 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  

Our expectations are just as large as yours. 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 to have excellent interpersonal and communication skills with the ability to convey complex ideas effectively to a wider audience. Do you consider yourself to be a "self-starter," able and willing to take initiative and implement measures in a goal-oriented manner with:

• 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 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.​ #LI-Hybrid