Credit Reinsurance Pricing Lead
About The Position
The position is responsible for providing expert actuarial advice to support sustainable and profitable pricing decisions across assigned products and portfolios, with a focus on QBE Re’s Credit business. The role leads the development, review, and governance of pricing methodologies, models, and tools for various Credit lines, including Political Risk, Trade Credit/Whole Turnover, Surety, Mortgage as well as credit asset classes that include Trade Credit, Project Finance, Structured Credit, Leveraged Finance, Fund Finance, Real Estate Finance and bespoke credit portfolio structures including CLOs and SRTs. This position is responsible for ensuring alignment with business strategy, risk appetite, and actuarial standards. This position acts as a key partner to Underwriting, Claims, and Finance, translating complex actuarial analysis into clear pricing insights, and ensuring that pricing decisions are technically sound, commercially relevant, and appropriately governed.
Requirements
- Understanding of various Political Risk and/or Credit (re)insurance classes or product knowledge across asset classes: corporate credit, real estate, fund finance, project finance, mortgage finance, structured credit, sovereign lending, emerging markets, Surety.
- Progressive experience within actuarial or similarly quantitative career, preferably with exposure to pricing Property and Casualty insurance and/or reinsurance.
- Solid background in (re)insurance, including reserving and/or pricing with a specialization in financial risks or forecast modelling using rating scales and corporate or sovereign default probabilities.
- Experience in developing and modifying pricing models.
- Experience working independently and in teams.
- Experience presenting technical work products to technical and non-technical audiences.
- Knowledge of programming tools such as VBA, SQL, R, Python
Nice To Haves
- Actuarial qualification or progress toward qualification is strongly preferred (e.g., FCAS, ACAS, FIA, IFOA, or equivalent), where applicable (or equivalent relevant qualifications such as MBA and/or CFA).
- Tertiary degree in actuarial science, mathematics, or related quantitative discipline (or equivalent experience).
Responsibilities
- Analyze and price credit reinsurance treaty business or ad-hoc case pricing for bespoke credit reinsurance business and ensure conclusions and recommendations are analytically robust and clearly supported by data and models.
- Present complex analyses in a clear, structured manner to both technical and non‑technical audiences.
- Provide support to underwriters to negotiate terms and structures to meet business goals. This may involve supporting underwriters in broker meetings and calls.
- Maintain and continuously improve credit actuarial methodologies, models, and reporting practices reflective of current credit and geopolitical risk trends
- Develop monitoring and ad‑hoc reporting to track pricing performance, profitability, and variance from expectations.
- Perform deep‑dive portfolio and product analyses, identifying performance drivers, trends, and emerging risks.
- Work with the Head of Credit Reinsurance to proactively identify and evaluate opportunities to improve portfolio mix, pricing actions, and underwriting strategies.
- Contribute to business planning and forecasting.
- Build and maintain strong internal and external stakeholder relationships, delivering timely, relevant, and actionable insights. Internal stakeholders include underwriting, claims, finance and senior leadership.
- Foster a culture of technical excellence, accountability, and continuous improvement within the pricing function.
Benefits
- Hybrid Working – a mix of working from home and in the office
- 22 weeks of paid leave for family growth, with 12 weeks available to all parents on a gender-equal basis
- Competitive 401(k) program with company match up to 8%
- Well-being program including holistic wellbeing coaching, gym membership, confidential counselling, financial and legal advice
- Tuition Reimbursement for professional certifications, and continuing education
- Employee Network and Community – QBE actively supports six Employee Networks, and many ways to give back to your community
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What This Job Offers
Job Type
Full-time
Career Level
Senior
Education Level
Associate degree
