Actuarial Analyst (80 - 100%)

Crossell; Manchester; Hybrid; GBP 40,000 - 70,000; Full time

Job summary

An established industry player is seeking a motivated actuary to join their dynamic actuarial pricing team. This exciting role involves immediate impact on individual deal pricing, supporting quarterly profitability reviews, and developing best-in-class rating models. The ideal candidate will be a self-starter with a strong background in statistical techniques and a desire to learn from industry professionals. You will collaborate closely with underwriting and claims leadership, utilizing your quantitative aptitude to drive innovative solutions in a flexible and inclusive environment. This is a fantastic opportunity to grow your career as an actuary in a supportive team.

Qualifications

• Mastering statistical techniques at the Bachelor's level.
• Background in Actuarial Science and P&C insurance is advantageous.

Responsibilities

• Support pricing models and improve them creatively.
• Coordinate rate monitoring process and ensure feedback loops.

Skills

Statistical Techniques

Interpersonal Skills

Communication Skills

Organizational Skills

Time Management

Quantitative Aptitude

Curiosity

Self-starter

Education

Bachelor's Degree in Actuarial Science

Tools

R

SQL

Job description

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The actuarial pricing team within Swiss Re Corporate Solutions is looking to hire a motivated actuary to join the team. This role will have exposure and shared responsibility for the following:

1. Have immediate impact on our individual deal pricing focusing on large FinPro accounts.
2. Support the delivery of quarterly profitability reviews that provide portfolio steering insights and underwriting recommendations to our FinPro underwriting leaders.
3. Working with partners to continue developing out best-in-class rating models and methods by making greater use of our technology, internal data assets and exploring broader datasets.
4. Coordinate the rate monitoring process produced by the rating models and ensure feedback loops back to our profitability and planning analysis.
5. Research analysis into the external market environment including industry trends, market conditions, and rate change.
6. Support Underwriting with portfolio management in terms of classifying drivers behind claims emergence and portfolio performance.

A successful candidate will support our pricing models and be creative in finding ways to improve them. FinPro lines data is heterogeneous, so the individual should be comfortable working with limited data and be curious to find ways alternative data sources can be incorporated. The role also requires developing product knowledge and a willingness to partner with underwriting/claims leadership.

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. Key responsibilities for our team include loss ratio projections, rating plan development, model calibration and actuarial pricing support. We work closely with our business partners and encourage innovation that supports traditional methods. This role will report to the Senior Pricing Actuary for Global FinPro PI within Corporate Solutions.

About You

Our expectations are just as large as yours. We are looking for an ambitious, trustworthy, reliable and enthusiastic team player who is keen to build a career as an actuary. To be successful you need to have excellent interpersonal and communication skills as well as strong organisational and time management capabilities. This role requires a fast learner who approaches problems with curiosity and open-mindedness. Do you consider yourself to be a "self-starter," able and willing to take initiative and implement measures in a goal-oriented manner with:

1. Mastering statistical techniques at the Bachelor's level.
2. Background in Actuarial Science and experience in P&C insurance would be an advantage.
3. Good quantitative aptitude with the ability to understand and comprehend actuarial concepts.
4. Desire to learn from highly skilled industry professionals across multiple fields to grow your professional development.
5. Experience with R/SQL preferred, other languages would be an advantage.

We are looking forward to your application! #LI-Hybrid

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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. 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.

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Reference Code: 133321

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