Longevity Pricing Actuary (80-100%)

Swiss Re; Greater London; On-site; GBP 62,000 - 94,000; Full time

Benefits offered by this job

Performance-based compensation

Global and location-specific benefits

Inclusivity in workplace culture

Job summary

Swiss Re is looking for an experienced actuary to address complex longevity risk challenges in London. You will evaluate transactions, lead modelling, and support the development of pricing solutions. This role offers a competitive salary from GBP 62,000 to GBP 94,000, alongside performance-based compensation and various global benefits.

The successful candidate will possess strong analytical skills, a proven track record in longevity transactions, and excellent proficiency in data analysis tools.

Qualifications

• Must have substantial experience in life and health insurance.
• Proven experience in longevity transactions is required.
• Must demonstrate expertise in actuarial pricing.

Responsibilities

• Evaluate potential longevity transactions for further investigation.
• Lead modelling and costing of longevity transactions.
• Help formulate solutions for clients' needs and pricing issues.

Skills

Expertise in longevity transactions

Actuarial pricing

Mortality analysis

Excel/VBA proficiency

Data analysis

Client communication

Education

Fully qualified actuary

Tools

Python

Job description

Are you an experienced actuary ready to take on complex longevity risk challenges at a global level? Join our team at Swiss Re where you'll shape our strategic approach to longevity transactions and lead innovative pricing solutions that impact our business worldwide. We are a small and dynamic team which will provide you with a challenging and meaningful role.

About The Role

• Evaluate potential longevity transactions to test suitability for further investigation
• Lead modelling and costing of longevity transactions, performing detailed data analysis, proposing basis and pricing
• Help to formulate solutions to both clients' needs and internal pricing issues
• Manage the maintenance and development of Longevity pricing processes
• Lead or support ad-hoc projects and research
• Support the ongoing development of our costing framework for longevity business

About The Team

We are a cross-disciplinary team, part of the wider Life & Health Structured Solutions team. Our mandate is analysis of, performing due diligence and executing transactions with Longevity Solutions. Our team contributes to one of Swiss Re’s strategic initiatives and carries out projects in the longevity field.

About You

Requirements

• A fully qualified actuary with substantial experience in life and health insurance
• Proven expertise in longevity transactions
• Previous experience of actuarial pricing
• Experienced in Mortality analysis
• Proficiency in excel/VBA and other programming environments (e.g. Python)
• Enthusiastic for uncovering insights from data
• Strong commercial acumen and client communication skills

Preferred

• A strong team member able to build working relationships across technical areas
• Strong in handling your own workload when faced with multiple priorities, but willing to seek guidance as and if required
• Able to think independently - willing to form and defend own view on technical topics
• Analytical, problem solver and creative

Role

For London based role, the base salary range for the Longevity pricing actuary is between GBP 62,000 and GBP 94,000 (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.

Equal Opportunity Statement

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.