Credit Reinsurance Pricing Actuary

Overview

Primary Details:
Time Type:
Full time. Worker Type:
Employee. Credit Reinsurance Pricing Actuary located in London or Brussels (Hybrid). Full‑time, Permanent.

About QBE:
At QBE, we get to the heart of what matters for our customers. We’re an international insurer with more than 13,000 people working across 26 countries – big enough for your ambitions, yet small enough for you to make a real impact. It’s an exciting time as we build momentum toward becoming the most consistent and innovative risk partner. As part of the QBE team, you’ll spend every day working with people who are passionate, talented and kind.

• Analyse and price credit reinsurance treaty business, as well as ad‑hoc bespoke transactions, ensuring recommendations are analytically robust and clearly supported by data and models.
• Present complex analysis in a clear, structured way to both technical and non‑technical audiences.
• Partner with Underwriters to support deal structuring and negotiations, including participation in broker discussions where required.
• Develop, review, and enhance pricing methodologies, models, and tools to reflect evolving credit, financial and geopolitical risks.
• Produce monitoring and ad‑hoc reporting to track pricing performance, profitability, and variance against expectations.
• Perform deep‑dive portfolio and product analyses, identifying key drivers, trends, and emerging risks across credit lines and asset classes.
• Work closely with the Head of Credit Reinsurance to identify opportunities to optimise portfolio mix, pricing actions, and underwriting strategy.
• Contribute to business planning, forecasting, and strategic initiatives.
• Build strong relationships with internal and external stakeholders, including underwriting, claims, finance and senior leadership.
• Promote a culture of technical excellence, strong governance, and continuous improvement within the pricing function.

• Experience in actuarial pricing within insurance or reinsurance, ideally with exposure to credit or financial risks.
• Understanding of Political Risk and/or Credit (re) insurance lines, or broader knowledge of credit asset classes such as corporate, structured or real estate finance.
• Strong analytical background, including experience in pricing, reserving, or modelling (e.g. default probabilities, rating models, forecasting approaches).
• Experience developing or enhancing actuarial models and assumptions.
• Ability to work independently on complex analyses while collaborating closely with underwriting and other stakeholders.
• Strong communication skills, with the ability to translate technical insights into clear commercial recommendations.
• Experience using analytical or programming tools such as VBA, SQL, R or Python.
• Actuarial qualification or progress toward qualification (e.g. FCAS, ACAS, FIA, IFOA, or equivalent).
• Equivalent qualifications such as CFA or MBA will also be considered.
• Degree in actuarial science, mathematics or a related quantitative discipline (or equivalent experience).

• 30 days holiday a year with the option to purchase up to 2 additional days.
• Pension – automatically enrolled into the QBE pension plan, with 10% employer contributions of basic salary.
• Private medical insurance – fully comprehensive cover for you and all the family.
• Short‑term remote work abroad – request up to 20 days per year to work remotely from certain locations abroad.
• Additional options and benefits available to suit individual circumstances.

Equal Employment Opportunity: QBE is an equal opportunity employer and is required to comply with equal employment opportunity legislation in each jurisdiction it operates.