Pricing Actuary

McNeil & Co.; Madrid; Presencial; EUR 60.000 - 90.000; Jornada completa

Descripción de la vacante

Arch Insurance International in Madrid seeks a nearly qualified or qualified Actuary to support pricing across Property, Casualty, Marine, Financial Lines and other specialties in Europe. You will work with underwriting teams in Paris, Madrid and Milan, and with pricing colleagues in London and Dublin to localise pricing models.

The role emphasizes strong technical actuarial capability, commercial judgement, and the ability to communicate clearly with stakeholders across Europe.

Formación

• Nearly qualified or qualified actuary required.
• General Insurance experience of 5+ years.
• Experience in specialty pricing beneficial.
• Strong communication with underwriters and management.

Responsabilidades

• Pricing development and localisation across Arch’s European branches.
• Account pricing support for large and complex risks.
• Price monitoring for renewals and new business; drive improvements.
• Market awareness of rate and loss cost trends across markets.
• MI reporting and portfolio insight to underwriters and senior stakeholders.
• Collaborate with underwriting and pricing teams across Europe.

Conocimientos

English fluency

French/Spanish/Italian

Actuarial pricing

Communication

Independent work

Stakeholder management

Commercial judgement

Market awareness

Microsoft Office

Educación

Nearly/Qualified Actuary

Herramientas

MS Office Suite

Descripción del empleo

With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility℠.

Arch Insurance International is seeking a nearly qualified or qualified Actuary to support the continued growth and development of Arch’s European business. This is a broad, business-facing pricing role, providing actuarial pricing support across lines of business including Property, Casualty, Marine, Financial Lines and other Specialty classes. The role will work closely with underwriting colleagues in Paris, Madrid and Milan, alongside close collaboration with the actuarial and pricing teams in London and Dublin. Supported by Arch's London Pricing Centre of Excellence, the successful candidate will help develop, enhance and localise pricing capabilities for AIEU’s European business, bringing local market insight into model development while supporting underwriting teams across multiple European markets. As part of AIEU's actuarial team and reporting to the Chief Actuary of AIEU, the role will support the strategic development of the European business while collaborating closely with pricing colleagues across Arch Insurance International.

Key Tasks and Responsibilities

1. Pricing Development of pricing models: Support the development, enhancement and localisation of pricing models and tools for business written through Arch’s European branches, ensuring appropriate governance around model development and use. Account Pricing: Provide actuarial support to underwriters on individual account pricing, particularly for larger and more complex risks, using appropriate actuarial pricing methods and commercial judgement. Price Monitoring: Manage regular price monitoring for renewal & new business, identifying weaknesses in the current approach and working with underwriting managers and pricing colleagues to implement improvements. Market Awareness: Maintain awareness of market trends, including rate and loss cost trends.
2. Planning & Forecast Planning Support: Work with reserving, pricing and underwriting teams to develop expected loss ratios, emergence patterns and anticipated return metrics for each business segment as part of the planning process. Bridging Analysis: Support analysis between pricing, planning and reserving views of performance, helping management understand movements in expected profitability and portfolio mix.
3. MI Reporting Monthly MI Reporting: Develop, maintain and communicate findings from MI reports on key movements by line of business. Portfolio insight: Provide actuarial insight to underwriters and management on emerging trends, areas of opportunity and areas requiring further review.
4. General Responsibilities In addition to the specific deliverables listed above, the candidate will also need to focus on the following, more general objectives. Communication: Maintain effective communication with underwriters, management, and actuarial teams across Europe and the wider Arch organisation. Professional Development: Maintain continuous professional development, technical skills and professional credentials.

Role Requirements & Skills

• Fluent written and spoken English is required.
• Proficiency in French, Spanish or Italian would be highly desirable given the level of interaction with underwriting teams across continental Europe.
• Strong technical actuarial capability, with a practical and commercial approach.
• Excellent communication skills, with the ability to explain actuarial concepts clearly to underwriters and senior stakeholders.
• Confidence working independently within a geographically dispersed team.
• Strong relationship-building skills and willingness to work closely with underwriting teams.
• Ability to balance technical rigour with commercial judgement.
• Interest in European markets and the local nuances that influence underwriting and pricing.
• Strong organisational skills and ability to manage multiple lines of business and stakeholders.
• Advanced Microsoft Office, including Excel, Outlook, PowerPoint and Word.

Qualifications

• Either a nearly qualified or qualified Actuary.

Experience

• At least 5 years of experience in General Insurance.
• Experience in specialty pricing would be beneficial, but personal fit, commercial judgement and relationship-building skills will be equally important given the breadth of the role and the need to work effectively across a range of specialty classes and European markets.

Do you like solving complex business problems, working with talented colleagues and have an innovative mindset? Arch may be a great fit for you. If this job isn’t the right fit but you’re interested in working for Arch, create a job alert! Simply create an account and opt in to receive emails when we have job openings that meet your criteria. Join our talent community to share your preferences directly with Arch’s Talent Acquisition team.