Senior Pricing Actuary

About the role

We are looking for a highly motivated Senior P&C Actuary to join our Actuarial & Reserving P&C EMEA team in Zurich. The focus of this role will be leading the actuarial pricing and valuation of commutation deals in addition to supporting key reserving and financial reporting tasks.

Key responsibilities:

• Commutation pricing: Lead the pricing of commutation deals by developing and applying actuarial models to assess their financial impact.
• Risk assessment: Evaluate risks associated with commutation agreements and recommend measures to mitigate adverse outcomes.
• Data analysis: Analyse historical loss data and trends to inform pricing strategies and ensure accuracy of pricing models.
• Collaboration: Work closely with underwriters, claims professionals, reserving actuaries, and other stakeholders to gather necessary input and provide actuarial insights.
• Reporting: Prepare and present detailed reports to senior management, highlighting the financial implications and strategies related to commutations.
• Regulatory compliance: Ensure all pricing activities are compliant with regulatory frameworks and internal policies.
• IFRS valuation: Perform IFRS-compliant valuations of commutation deals to support accurate financial reporting.
• Continuous improvement: Stay abreast of industry developments and contribute to the ongoing enhancement of actuarial pricing methodologies and tools.
• Reserving support: Assist in quarterly and annual reserve calculations for EMEA market business using modern reserving tools and methods.
• Project work: Lead or contribute to actuarial projects, including system development and the implementation of new valuation frameworks like IFRS 17 and Solvency II.

About the team

The pricing team for commutations is part of the EMEA Actuarial & Reserving team. It is composed of a diverse group of professionals from various cultural backgrounds and based in 4 different locations. We operate in a collaborative environment, working closely with Underwriting, Claims, Finance, Risk, and senior management. The team is responsible for reserving all lines of business in the EMEA region covering Property, Casualty and Special Lines. Furthermore, there is a team performing Solvency 2 calculations. We emphasise continuous learning, support knowledge sharing, and encourage innovation in actuarial science.

About you

• Qualified or nearly qualified actuary with 4–8 years of relevant experience in (re)insurance, preferably with exposure to reserving and pricing of long-tail business.
• Experience in pricing or evaluating commutation agreements is highly desirable.
• Strong analytical and quantitative skills, with proficiency in actuarial modelling.
• Programming skills in R, Python, or similar languages are advantageous.
• Excellent communication and interpersonal skills; comfortable working in multicultural and cross-functional settings.
• Fluent in English; additional major languages (especially French or German) are considered a plus.
• Demonstrated ability to manage multiple priorities, work independently, and drive results in a dynamic environment.

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