Retrocession Actuarial Pricing Analyst

Retrocession Actuarial Pricing Analyst


Location: City of London

Sector: General Insurance

Reporting to: Specialty Pricing Actuary

Contract Type: Permanent

Hours: Full Time

Salary: £45,000 – £60,000 basic P/A

Further Information


Our Client, a leading multinational Broker, is searching for a bright, personable and self-assured actuarial analyst to join their Retrocession pricing team.

The structure of the team: 15-20 brokers with an embedded actuarial function.

Lead Retro Pricing Actuary

Senior Retro Pricing Actuary

This role (Retro Pricing Analyst)

Benefits of working in Retro:

  • Being reinsurance of reinsurers, you would work and be exposed to hundreds of clients around the globe: All multinational reinsurers, Lloyd’s syndicates and London Market reinsurers.
  • Retro covers every line of business therefore offers exposure all around the business.
  • Value add factor: In Retro, unlike other areas, the Brokers won’t do/change/approve anything so won’t go to market without actuarial input due to it all being account of catastrophe risk – your input makes a clear-cut difference to the business of the team.
  • Specialty lines reinsurance, particularly Retro, at a Global broker is an excellent stamp to have on your CV and enables unmatched career progression.

Key Responsibilities:

  • Reinsurance pricing and analysis, through data collection and analysis, model build and testing, report writing, documentation and delivery.
  • Presenting analysis and reinsurance advice to clients.
  • Working collaboratively in a team environment with colleagues and client stakeholders.
  • Communicating in a collaborative and client focused manner.

Key Traits of candidates:

  • This is a client-facing role so the successful candidate will be confident, act with integrity and self-assurance.
  • Speak with conviction to clients and brokers.

Skills & Experience:

  • 2-3 years Actuarial experience (GI pricing preferred but not essential if strong communicator)
  • 2:1 or above in a numerate subject
  • Strong A-level results
  • Knowledge of Excel & VBA
  • Knowledge of Catastrophe Modelling a plus but not essential
  • Excellent communication/interpersonal skills

Also Offers:

  • Study package is 40 days leave, cover for exams, tutorials and material – must meet requirements of scheme though which is passing so many each year, etc.
  • Above market bonuses.