Senior Pricing Actuary

Reposted 15 Days Ago
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Zürich, CHE
In-Office
Senior level
Insurance
The Role
The Senior Pricing Actuary performs pricing analysis for various reinsurance lines, develops pricing models, aids underwriting, mentors junior staff, and generates reports and presentations for management.
Summary Generated by Built In

Title:

Senior Pricing Actuary

Company:

Everest Reinsurance Company (Ireland), Dac (Zurich Branch)

Job Category:

Analytics

Job Description:

Everest is a global leader in risk management, rooted in a rich, 50+ year heritage of enabling businesses to survive and thrive, and economies to function and flourish. We are underwriters of risk, growth, progress and opportunity. We are a global team focused on disciplined capital allocation and long-term value creation for all stakeholders, who care deeply about our impact on communities and the wider world.

The Reinsurance Actuarial Pricing team of Everest Reinsurance Company, a member of the Everest Re Group, Ltd., is looking for a Senior Pricing Actuary to join our Zurich office.

In this role you will perform pricing analysis for the broad spectrum of Property, Casualty & Specialty reinsurance, with a lead focus on Casualty lines.  In addition, you are involved in the development and pricing of innovative risk transfer solutions together with clients and brokers. You will work with underwriters to analyse the profitability of our portfolio and to and provide ad-hoc reports and recommendations to underwriting management. You will work closely with the actuarial function in home office and the other branch offices on the development of pricing tools to enhance our pricing excellence.

Responsibilities include but not limited to:

  • Price reinsurance treaties and liaise with underwriting in support of the European book of business, also provide additional pricing support to Global Pricing teams across all lines of business, e.g. Property, Casualty, Motor, Marine, Credit & Surety

  • Liaise with underwriting and management in support of our global book of business

  • Provide recommendations on changes to existing or new Specialty Casualty pricing models

  • Mentor, train and develop junior colleagues

  • Participate in client visits, broker meetings, and marketing events

  • Produce presentations and reports to meet management, board, and strategy reporting needs

  • Perform transactional actuarial pricing analyses, conducting lines of business studies, profitability reviews, portfolio management, and ad-hoc modeling work.

  • Ensure global views, consistency, and synergies through inter-office connectedness with actuaries across the group (Reserving, ERM, Capital Modeling, CAT Modeling, and Insurance Actuarial)

Qualifications, Education & Experience:

  • Qualified/ Nearly-qualified Actuary in a globally recognized actuarial body

  • 10+ years actuarial pricing experience with 3+ in reinsurance

  • Proven experience specifically in Casualty and Financial Lines actuarial pricing with a sound knowledge of other P&C lines

  • Exposure to reserving practices, CAT modelling, portfolio management, and finance/accounting

  • Knowledge of IFRS, Solvency II and capital management is an advantage

Knowledge, Skills & Competencies: 

  • The ideal candidate is team oriented with an entrepreneurial spirit, strong business acumen, and excellent written and oral communications skills.

  • Able to work in dynamic and agile environment

  • Experience with Python, R, SQL, programming skills is a plus

  • Languages: proficient in English, another European language is an advantage

  • Keen to work in cross-functional and cross-cultural teams, good team player

What if I don’t meet every requirement? At Everest we are dedicated to building an inclusive and authentic workplace. So, if you are excited about this role but your past experience doesn’t align perfectly with every element in the job description, we still encourage you to apply. You may be just the right candidate for this or other roles. Please let us know if you need any accommodations throughout the application or interview process.

 

Our Culture

At Everest, our purpose is to provide the world with protection. We help clients and businesses thrive, fuel global economies, and create sustainable value for our colleagues, shareholders and the communities that we serve. We also pride ourselves on having a unique and inclusive culture which is driven by a unified set of values and behaviors. Click here to learn more about our culture. 

  • Our Values are the guiding principles that inform our decisions, actions and behaviors. They are an expression of our culture and an integral part of how we work: Talent. Thoughtful assumption of risk. Execution. Efficiency. Humility. Leadership. Collaboration. Inclusion and Belonging.
  • Our Colleague Behaviors define how we operate and interact with each other no matter our location, level or function: Respect everyone. Pursue better. Lead by example. Own our outcomes. Win together.  

 

All colleagues are held accountable to upholding and supporting our values and behaviors across the company. This includes day to day interactions with fellow colleagues, and the global communities we serve. 

Type:

Regular

Time Type:

Full time

Primary Location:

Zurich, Switzerland

Additional Locations:

Privacy Notice | Everest (everestglobal.com)

Skills Required

  • Qualified/ Nearly-qualified Actuary in a globally recognized actuarial body
  • 10+ years actuarial pricing experience with 3+ in reinsurance
  • Proven experience in Casualty and Financial Lines actuarial pricing
  • Exposure to reserving practices, CAT modelling, portfolio management
  • Knowledge of IFRS, Solvency II, and capital management

Everest Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Everest and has not been reviewed or approved by Everest.

  • Fair & Transparent Compensation Pay is characterized as fair or decent for the role, with total compensation often viewed as broadly competitive. Bonus, overtime eligibility, and stock-related elements are described as meaningful contributors to overall earnings in stronger years.
  • Healthcare Strength Health benefits are repeatedly characterized as good to great, and they appear to be a consistent bright spot in the overall rewards package. Core protections like life insurance and short- and long-term disability coverage are also described as available.
  • Wellbeing & Lifestyle Benefits A Lifestyle Spending Account and a wellness debit-card style perk are described as available for physical or mental health expenses. Employee assistance support is positioned as accessible globally, adding to day-to-day wellbeing coverage.

Everest Insights

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The Company
HQ: Warren, NJ
3,485 Employees
Year Founded: 1973

What We Do

Everest Group, Ltd. (“Everest”) is a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance solutions that address customers’ most pressing challenges. Known for a 50-year track record of disciplined underwriting, capital and risk management, Everest, through its global operating affiliates, is committed to underwriting opportunity for colleagues, customers, shareholders, and communities worldwide. Everest is in over 100 countries across 6 continents. We provide the world with protection, we underwrite more than risk, we underwrite opportunity. Everest Group, Ltd. is listed on the New York Stock Exchange (NYSE: EG) and is a component of the S&P 500 index. FINANCIAL STRENGTH RATINGS A+ by A.M. Best A+ by S&P A1 by Moody's

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