Junior Actuarial Analyst (Pricing)

Shape Your Future with Us

General Re Corporation, a subsidiary of Berkshire Hathaway Inc., is a holding company for global reinsurance and related operations, with more than 2,000 employees worldwide. Its direct reinsurance companies conduct business as Gen Re.

Gen Re delivers reinsurance solutions to the Life/Health and Property/Casualty insurance industries. Represented in all major reinsurance markets through a network of more than 40 offices, supported by over 2,000 employees worldwide, we have earned superior financial strength ratings from each of the major rating agencies.

General Reinsurance, London Branch is offering an opportunity for a Junior Actuarial Analyst in our International Property and Casualty Unit.

Main Purpose of the Role

Reporting to the Head of Quantitative Underwriting Support, you will assist with pricing of reinsurance treaties.

Context of the Role

Quantitative Underwriting Support (QUS) provides pricing support to underwriters across the P&C International unit. This role sits within QUS and involves the pricing of risks in collaboration with underwriters throughout the year but especially at key reinsurance renewal dates. The role will include exposure across a broad range of lines of business.

Key Responsibilities

- Pricing of individual risks in collaboration with underwriters
- Preparing and communicating results to underwriters
- Continual improvement of existing processes to enhance efficiency, accuracy, and transparency
- Assisting in developing and maintaining risk databases for internal monitoring
- Liaising with other areas of the business as required
- Developing good working relationships with the underwriters
- Ad hoc support for the wider Actuarial and Underwriting Teams as required

Qualifications & Experience

- Excellent academic background of a technical/mathematical nature
- Educated to degree level with a 2:1 or higher
- Either excellent Excel skills or experience with programming languages such as VBA, R, Python, or C++
- Ability to review, analyse, and present technical information concisely and effectively
- Good communication skills with the ability to work effectively with people from all areas of the business
- Highly motivated and hardworking, with the ability to drive tasks forward and find solutions
- Willing to sit actuarial exams
- Open to challenge, willing to pitch in, and approachable
- A PhD or stand-alone Master’s in a numerate discipline would be advantageous
- Exposure to (re)insurance is not required but would be an advantage
- German, French, or Italian language skills would be beneficial

Additional Information

The successful candidate for this role will be a graduate with a strong academic background. They will be a problem solver who demonstrates intellectual curiosity. Experience of working in the general insurance industry is advantageous but not required. The successful candidate will have an open and positive attitude and be self-motivated to learn and develop quickly in the role.

Closing Date

14th February 2024

General Reinsurance, London Branch
Corn Exchange
55 Mark Lane
London, EC3R 7NE (UK)