Reinsurance Property Actuary

Arthur J. Gallagher & Co.; London; On-site; GBP 50,000 - 80,000; Full time

Job summary

Join a forward-thinking company as a Property Reinsurance Pricing Actuary, where your expertise will shape the future of reinsurance. This role offers an exciting opportunity to apply your actuarial skills in risk analysis, model building, and client relationship management. Be part of a dynamic team that values innovation and collaboration, helping clients navigate complex insurance challenges. With a commitment to diversity and inclusion, this organization provides a supportive environment where your contributions will be valued. Elevate your career and make a meaningful impact in the reinsurance industry.

Benefits

25 days holiday plus bank holidays

Defined contribution pension scheme

Life insurance up to 10x salary

Income protection up to 50%

Health cash plan or Private medical insurance

Three paid volunteering days

Employee Stock Purchase plan

Discounted gym membership

Season ticket loan

Emergency back-up family care

Qualifications

• Qualified actuary or close to qualification with strong interpersonal skills.
• Experience in reinsurance or property preferred but not mandatory.

Responsibilities

• Conduct risk analysis and modeling for clients' portfolios.
• Design risk management strategies and pricing for reinsurance contracts.
• Liaise with stakeholders to enhance service delivery.

Skills

Interpersonal Skills

Risk Analysis

Communication Skills

Actuarial Pricing Techniques

Model Presentation

Education

Qualified Actuary

Degree in Mathematics or Statistics

Job description

Introduction

Join us at Gallagher Re, the trailblazers of the reinsurance world, where every day brings new opportunities to shape the future. We empower our clients with cutting-edge analytics and insights, providing them the confidence to make strategic decisions that transform industries. As a team member, you'll be at the forefront of innovation, translating data into impactful solutions and taking the reins of your career like never before.

We believe that every candidate brings something special to the table, including you! So, even if you feel that you’re close but not an exact match, we encourage you to apply.

Overview

The role: Property Reinsurance Pricing Actuary

• We are seeking to hire an experienced Actuary to join our Property team based in London.

• In this role, you will apply your expertise in insurance and reinsurance pricing techniques to provide outstanding client service and contribute to the ambitious growth targets of the team.

• We are looking for someone with strong interpersonal skills, happy to lead meetings and deliver risk solutions.

How you'll make an impact

The responsibilities:

• Risk analysis and modelling of clients’ portfolios including complex multinational groups.• Design and evaluation of risk management strategies for Property lines.• Building of bespoke models, pricing of reinsurance contracts, structured insurance solutions and capital market products.• Being involved in renewals, tenders and ad-hoc projects.• Liaising with stakeholders and building strong relationships by communicating effectively, internally and externally, to maximise service delivery levels.• Supporting development of product innovation, both to cement/expand existing relationships and to facilitate entry into new ones.• Opportunity to manage and train junior colleagues.

About you

About You

• Qualified actuary or close to qualification.• Ideally from a reinsurance background although we can compromise for fast learners.• Ideally from a Property experience although once again not mandatory.• Excellent interpersonal skills, with a proactive approach to forming relationships with clients.• Sound knowledge and confidence in presenting model outputs, model limitations, and assumptions.• Excellent verbal and written communication skills.

Compensation and benefits

On top of a competitive salary, great teams and exciting career opportunities, we also offer a wide range of benefits.

Below are the minimum core benefits you’ll get, depending on your job level these benefits may improve:

• Minimum of 25 days holiday, plus bank holidays, and the option to ‘buy’ extra days
• Defined contribution pension scheme, which Gallagher will also contribute to
• Life insurance, which will pay 4x your basic annual salary, which you can top-up to 10x
• Income protection, we’ll cover up to 50% of your annual income, with options to top up
• Health cash plan or Private medical insurance

Other benefits include:

• Three fully paid volunteering days per year
• Employee Stock Purchase plan, offering company shares at a discount
• Share incentive plan, HMRC approved, tax effective, stock purchase plan
• Critical illness cover
• Discounted gym membership, with over 3,000 gyms nationally
• Season ticket loan
• Access to a discounted voucher portal to save money on your weekly shop or next big purchase
• Emergency back-up family care
• And many more…

We value inclusion and diversity

Inclusion and diversity (I&D) is a core part of our business, and it’s embedded into the fabric of our organisation. For more than 95 years, Gallagher has led with a commitment to sustainability and to support the communities where we live and work.

Gallagher embraces our employees’ diverse identities, experiences and talents, allowing us to better serve our clients and communities. We see inclusion as a conscious commitment and diversity as a vital strength. By embracing diversity in all its forms, we live out The Gallagher Way to its fullest.

Gallagher is Disability Confident Committed. We have pledged to make sure our recruitment process is inclusive and accessible, in addition to supporting our existing employees with any long-term health conditions or disabilities.

We understand that applicants may have disabilities, if you do, you may find some parts of the recruitment process more challenging than others. Don’t worry, we’re here to help, however, we can only do this if you let us know.

Should you require reasonable adjustments to your application, please get in touch with [e-mail] . If you’d prefer to speak on the phone, please request a call back, leaving details, so we get in touch.

Our employing entity, Arthur J. Gallagher Services (UK) Limited, is proud to be accredited as a Living Wage employer with the Living Wage Foundation. We are committed to diversity and opportunity for all and are opposed to any form of less favourable treatment on the grounds of gender or gender identity, marital status, civil partnership status, parental status, race, ethnicity, colour, nationality, disability, sexual orientation, religion/ belief, age and those with caring responsibilities.

Gallagher believes that all persons are entitled to equal employment opportunity and prohibits any form of discrimination by its managers, employees, vendors or customers based on race, color, religion, creed, gender (including pregnancy status), sexual orientation, gender identity (which includes transgender and other gender non-conforming individuals), gender expression, hair expression, marital status, parental status, age, national origin, ancestry, disability, medical condition, genetic information, veteran or military status, citizenship status, or any other characteristic protected (herein referred to as “protected characteristics”) by applicable federal, state, or local laws.

Equal employment opportunity will be extended in all aspects of the employer-employee relationship, including, but not limited to, recruitment, hiring, training, promotion, transfer, demotion, compensation, benefits, layoff, and termination. In addition, Gallagher will make reasonable accommodations to known physical or mental limitations of an otherwise qualified person with a disability, unless the accommodation would impose an undue hardship on the operation of our business.