Property Pricing Actuary - CorSo

Locations: New York, NY, US | Chicago, IL, US | Alpharetta, GA, US | Windsor, CT, US

Are you ready to elevate your actuarial career in the dynamic world of commercial insurance? Join us to develop crucial product expertise and analytical capabilities that directly impact the profitability of a global underwriting portfolio. This is your opportunity to make a meaningful difference while advancing your professional journey. Swiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer. We anticipate and manage risks, from natural catastrophes and climate change to cybercrime.

Swiss Re Corporate Solutions is the commercial insurance arm of the Swiss Re Group. We offer innovative insurance solutions to large and midsized multinational corporations from our approximately 50 locations worldwide. We help clients mitigate their risk exposure, whilst our industry-leading claims service provides them with additional peace of mind.

About the Role:

As our Pricing Actuary, you'll be a standout colleague reporting to the Lead Actuary for Property Americas within the Actuarial Portfolio Management (APM) Unit. You'll leverage data-driven techniques to execute portfolio goals, applying your technical actuarial expertise and business acumen to effectively communicate analytical findings to global partners. Your work will directly influence portfolio profitability and contribute to our Business Unit's overall performance.

Key Responsibilities:

- Independently price complex cases requiring actuarial review and clearly communicate outcomes to stakeholders, primarily the case underwriter.
- Conduct quarterly profitability analyses using actuarial techniques such as experience rating and exposure rating to assess current performance and project future outcomes.
- Build technical portfolio insight capabilities to optimize financial performance and enhance profitability views across sub-portfolios and lines of business.
- Analyze portfolios and sub-portfolios by segmenting data sources and performing statistical analysis to derive actionable insights.
- Communicate results and findings effectively to stakeholders including Portfolio Managers, Reserving Actuaries, and Finance Planning & Accounting teams.
- Contribute to actuarial rate review projects to update costing parameters in Swiss Re’s proprietary Fire perils costing model.
- Support actuarial projects aimed at enhancing existing models and developing new ones for emerging perils.
- Develop data pipelines, perform data transformation, and conduct analysis for portfolio analytics, model reviews, and enhancements.
- Participate in the annual planning process and provide actuarial input for portfolio strategy.

You are expected to act with a high level of team spirit, dedication, and focus. If you’re eager to apply your results-oriented mindset and technical expertise, deepen your business understanding, and collaborate with insurance specialists and functional partners worldwide, you’re the right person to join our highly motivated team.

About the Team:

We are a global community of actuaries located in Bangalore, Munich, Zurich, Manchester, London, New York, Windsor, and Kansas City. Our team includes both qualified and student actuaries working on Swiss Re CorSo’s largest portfolio. We are part of the Underwriting Unit and report to the Chief Underwriting Officer (CUO). We foster an inclusive culture that values diverse perspectives and innovative thinking, ensuring equal opportunities for professional development.

About You:

We're seeking an ambitious, trustworthy, and enthusiastic team player who is passionate about advancing their actuarial career. You'll need excellent interpersonal and communication skills with the ability to convey complex ideas effectively to diverse audiences. You're a self-starter who takes initiative and implements measures in a goal-oriented manner:

• Bachelor's degree in a Quantitative/Numerical subject from a recognized university.
• Significant experience in an Actuarial position, ideally in pricing commercial property or a short-tail line of business.
• Qualified Actuary or on track to qualification.
• Excellent skills in MS Excel and strong programming proficiency in R/Python or SQL.
• Exceptional numeracy and attention to detail with a natural affinity for data analysis.
• An open-minded, intellectually curious approach to problem-solving.
• Strong team collaboration skills and a genuine enjoyment of working with global colleagues.

The estimated base salary range for this position ( in the USA ) is $86,000 to $156,000. The specific salary offered for any given role will take into account a number of factors including but not limited to job location, scope of role, qualifications, complexity/specialization/scarcity of talent, experience, education, and employer budget. At Swiss Re, we take a "total compensation approach" when making compensation decisions. This means that we consider all components of compensation in their totality (such as base pay, short-and long-term incentives, and benefits offered), in setting individual compensation. Swiss Re has a hybrid work model where the expectations is that you will be in the office three days per week.