Job Detail

     EMEA     

Zurich Switzerland (CH) 

|

Pricing Actuary 

Permanent 

Actuarial 

Job summery

Pricing actuaries play a key role in the underwriting process for P&C reinsurance business. By using technical and analytical skills founded on solid actuarial principles, they price individual treaties to assess the profitability of business, thereby aiding underwriters in their decision-making process.

A key aspect of the role is the ability to communicate pricing assumptions, methods and results clearly and transparently to underwriters and other stakeholders. Pricing actuaries may also accompany underwriters to client meetings and are expected to interact proactively in any treaty-related discussions.

In addition to the pricing of specific markets, pricing actuaries are also involved in local or global projects such as market studies, actuarial research on methods / parameters, in-house tool development, and training of underwriters and new staff.

Key duties and responsibilities

• Supports the actuarial pricing of various lines of business underwritten in the Zurich Hub


• Acts as back up for other pricing actuaries in the Global Lines and/or P&C Lines pricing


• Proactively interacts with underwriting specialists and client relationship managers to come up with viable and innovative solutions


• Pays joint visits together with client relationship managers and/or underwriting specialists to existing and prospective clients


• Ensures communication with other team members and pricing actuaries in other locations


• Leads or contributes to projects, which provide customer service, in coordination with the underwriters


• Develops actuarial assumptions, parameters, methods, tools and processes appropriate for the assigned market(s) and for pricing in general


• Conductes training for underwriters and new actuarial staff regarding pricing matters


• Contributes to create viable and innovative solutions 


• May, occasionally lead the work of small project teams and/or provide informal guidance to junior staff

Experience

• Up to 3 years experience in the international (re)insurance industry and sound technical capabilities in actuarial pricing

Personal Competencies

• Analytical coupled with diplomacy / negotiation skills


• Excellent English communication abilities, both oral and written


• Ability to advise underwriters and clients, understand client needs and listen attentively


• Ability to take decisions for assigned responsibilities/tasks


• Able to withstand pressure and to complete tasks within deadlines


• Actively asks for feedback and is ready to provide constructive feedback

Digital Competencies

• Affinity for IT tools, proficient user of Microsoft Excel


• Some programming knowledge of advantage (e.g. Python, R, VBA)

Required Education

• Actuarial qualification or readiness to aim for it or


• University degree in actuarial science, mathematics or similar subject

Please contact your HR team should you have any question.