Pricing Methodology Actuary

Careerwebsite; Greater London; Hybrid; GBP 62,000 - 94,000; Full time

Benefits offered by this job

Hybrid work model

Job summary

Swiss Re in London is seeking a qualified or nearly qualified actuary to join the Life & Health pricing, underwriting and governance team. The role focuses on data analytics and pricing methodology with cross‑functional collaboration across underwriting, valuation, risk and business management.

You will strengthen pricing governance, develop methodologies, and ensure controls while balancing local and global requirements.

Qualifications

• Qualified or nearly qualified actuary with experience in the Life & Health insurance or reinsurance industry.
• Strong understanding of L&H pricing, underwriting, risk management or other actuarial frameworks.
• Experience contributing to the development and implementation of actuarial methodologies, governance frameworks, process improvements or best practices.
• Strong analytical and problem-solving skills with excellent attention to detail.

Responsibilities

• Strengthen NB Origination rigour by promoting consistent execution of pricing processes, governance requirements, and review frameworks.
• Build and maintain a strong governance framework for costing tools and best practices to achieve excellence, balancing local, regional and global requirements.
• Support continuous improvement of pricing methodologies, operating models and associated controls to improve effectiveness, transparency, and scalability.
• Partner with regional costing teams to identify improvement opportunities and support adoption of globally consistent practices whilst balancing local business needs.
• Contribute to initiatives that improve operational resilience, process adherence, documentation quality, and audit readiness across pricing activities.
• Collaborate with underwriting, valuation, risk, and business management teams to strengthen business steering.
• Efficient use of programming skills (R or similar) and technical knowledge to develop solutions relating to costing tools and its processes.
• Support in maintenance of pricing data requirements and engage with wider teams for improving data landscape and its quality.

Skills

Advanced coding skills (R, VBA)

MS Office

Analytical thinking

Education

Actuarial qualification (nearly/qualified)

Tools

R

VBA

Job description

Location: London, GB

About the Role

This role focusses on wide range of topics covering data analytics and pricing methodology. Key accountabilities include:

• Strengthen NB Origination rigour by promoting consistent execution of pricing processes, governance requirements, and review frameworks.
• Build and maintain a strong governance framework for costing tools and best practices to achieve excellence, balancing local, regional and global requirements.
• Support continuous improvement of pricing methodologies, operating models and associated controls to improve effectiveness, transparency, and scalability.
• Partner with regional costing teams to identify improvement opportunities and support adoption of globally consistent practices whilst balancing local business needs.
• Contribute to initiatives that improve operational resilience, process adherence, documentation quality, and audit readiness across pricing activities.
• Collaborate with underwriting, valuation, risk, and business management teams to strengthen business steering.
• Efficient use of programming skills (R or similar) and technical knowledge to develop solutions relating to costing tools and its processes.
• Support in maintenance of pricing data requirements and engage with wider teams for improving data landscape and its quality.
• Collaborate and drive effective information sharing for L&H community.

About the Team

You will be part of L&H Portfolio, Pricing & Performance (PPP), a global team focused on enabling sustainable business performance through effective portfolio steering, pricing governance, underwriting standards and business oversight. Working across markets and functions, the team drives consistent practices, operational rigour and informed decision-making to support the long‑term success of Swiss Re's Life & Health business and contribute to making the world more resilient.

About You

• Qualified or nearly qualified actuary with experience in the Life & Health insurance or reinsurance industry.
• Strong understanding of L&H pricing, underwriting, risk management or other actuarial frameworks.
• Experience contributing to the development and implementation of actuarial methodologies, governance frameworks, process improvements or best practices.
• Strong analytical and problem‑solving skills with excellent attention to detail.
• Proficiency in working with MS Office, Advanced Coding Skills (R Prog, VBA) with keen interest to develop further.
• Agile and flexible working style, with a proven ability to work independently, navigate ambiguity, and balance the need for adequate risk controls with commercial considerations
• Excellent interpersonal, communication and influencing skills

Compensation & Work Model

For London, the base salary range for this position is between £62,000 and £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, experience and location.

In addition to your base salary, Swiss Re offers an attractive performance‑based variable compensation component, designed to recognise your achievements.

Furthermore, 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.

Our company has a hybrid work model where the expectation is that you will be in the office at least three days per week.

#Li-Hybrid

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. We cover both Property & Casualty and Life & Health. 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 15,000 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.

We may use AI‑powered tools to support the review and evaluation of applications for this position. These tools provide additional insights to our recruitment teams, but all hiring decisions are carefully reviewed and made by people. To learn more about how we use AI in recruitment and how we handle your personal data, please review our Data Privacy Statement before applying.

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Reference Code: 139428