Pricing Actuary

Raretec Recruitment; Dublin; On-site; EUR 90,000 - 130,000; Full time

Job summary

Raretec Recruitment is assisting a leading global insurance group in Dublin to fill a Credit Insurance Pricing Actuary role within a growing European Mortgage team, focusing on high impact risk transfer solutions for European banks.

The role offers exposure to senior management, advancement into leadership, and involvement in AI-enabled workflow improvements, pricing, underwriting memos, and portfolio analysis.

Qualifications

• Nearly or recently qualified actuary with relevant industry experience.
• Prior experience in credit risk/insurance, actuarial pricing, general insurance, investment markets, actuarial consulting, banking, or mortgage markets is desirable.
• Strong communication skills to present complex findings to stakeholders.
• Proficiency in advanced Excel, PowerPoint and actuarial modelling methods.
• Data analytics/programming skills are advantageous but not essential.

Responsibilities

• Produce high-quality underwriting memos, including estimating probability of default (frequency) and loss given default (severity) for loan portfolios.
• Understand tranching/structuring of transactions and reflect this in internal pricing models.
• Review and document loan portfolio composition on potential transactions.
• Develop pricing strategies that optimize risk-adjusted returns and support sustainable growth of the European mortgage/SRT portfolio.
• Act as SME on European banking and SRT market trends.
• Perform quarterly portfolio analysis and deliver strategic insights to senior stakeholders.
• Contribute to the team’s AI adoption agenda, evaluating and implementing AI-enabled improvements to workflows.
• Support the business development team pitching to prospective banking clients and assist the legal team with contract negotiations from an actuarial perspective.

Skills

Communication skills

Actuarial pricing

Excel

PowerPoint

Modelling

Data analytics

Tools

Excel

PowerPoint

Job description

We are delighted to be working on a Credit Insurance Pricing Actuary position with a leading global insurance group, based in Dublin. This role sits within a growing European Mortgage team, working on high impact risk transfer solutions, predominately Significant Risk Transfer (SRT), for leading European banks. The team is expanding quickly and offers fantastic exposure to senior management as well as genuine progression opportunities into leadership.

Key Responsibilities

• Produce high-quality underwriting memos, including estimating probability of default (frequency) and loss given default (severity) for loan portfolios.
• Understand the tranching/structuring of transactions and ensure this is reflected in internal pricing models.
• Review and document loan portfolio composition on potential transactions.
• Develop pricing strategies that optimize risk-adjusted returns and support sustainable growth of the European mortgage/SRT portfolio.
• Act as a subject matter expert on European banking and SRT market trends.
• Perform quarterly portfolio analysis and deliver strategic insights to senior stakeholders.
• Contribute to the team’s AI adoption agenda, helping evaluate and implement AI-enabled improvements to workflows.
• Support the business development team pitching to prospective banking clients, and assist the legal team with contract negotiations from an actuarial perspective.

Requirements

• Nearly or recently qualified actuary with relevant industry experience.
• Prior experience in a related field is desirable, such as credit risk/insurance, actuarial pricing, general insurance, investment markets, actuarial consulting, banking, or European/US mortgage markets.
• Strong communication skills, with the ability to synthesize and present complex findings to stakeholders.
• Proficiency in advanced Excel, PowerPoint and general actuarial modelling methods.
• Data analytics/programming skills advantageous but not essential.
• Ability to work effectively in a fast-paced environment, managing competing priorities and deadlines.

Interested?