Pricing Actuary

  • Mitsui Sumitomo Insurance Company (Europe) Ltd
  • Bermuda
  • 5mo ago
  • Full-Time
  • On-site

About MS Reinsurance

MS Reinsurance is a global reinsurer domiciled in Switzerland. With underwriting offices in Zurich, Bermuda, Miami and New York, MS Reinsurance provides best-in-class reinsurance products and services to clients around the world. As part of the world-leading insurance group MS&AD, MS Reinsurance is a trusted, long-term partner, helping clients turn risks into opportunities through deep technical expertise and bespoke reinsurance solutions.

About the role

The role sits within the global technical pricing team and bears responsibility as a local guardian of the technical pricing standards for all classes in Bermuda. The primary purpose of this role is to act as a global interface for Specialty business, including trade credit, surety, political risk, marine, property D&F and more.

Your responsibilities

  • Deliver timely and accurate actuarial input that contributes to underwriting decision making and MS AAG financial targets

  • Be a guardian of the Technical Pricing Framework for Specialty business 

  • Ensure models meet the Reinsurance Pricing policy and standards in respect of technical pricing and rate monitoring

  • Support and drive the model modernization effort within and across MS AAG, collaborating within the pricing and development teams to migrate to the strategic Technical Pricing infrastructure

  • Manage and/or assist in the development, maintenance and calibration of models acting as the first point of contact for the underwriting community

  • Analyze external and internal data to support technical pricing models

  • Develop a strong working relationship with all Bermuda based Underwriters

  • Arrange and deliver underwriter training as required

  • Support Internal Model parameterization work undertaken by Underwriting Facilitation

  • Support the loss reserving process for the Bermuda office of MS Amlin AG: participating in quarterly reserving meetings and supporting the reserving process for regulatory filings in both Bermuda and Switzerland

Your profile

  • Qualified actuary with at least 6 years relevant industry experience with knowledge of Reinsurance pricing

  • Excellent communication skills and the ability to coordinate effectively with multiple departments within the organisation

  • Strong quantitative analytical and IT skills - particularly MS Excel, VBA and SQL experience desirable; programming (R or Python) and data visualisation tools (MS Power BI or QlikView) would also be beneficial

  • Ability to work well under pressure and attention to detail

  • Must be well organized with the ability to use initiative and self-manage whilst being able to work effectively in a team environment

  • Experience/Expertise in understanding, analyzing and writing Specialty business would be an asset

Why work with us?

Make your mark with us. At MS Reinsurance, we’re big enough to make a difference and small enough that everyone counts.

We offer an entrepreneurial culture, where there’s less hierarchy and more action, and room for innovation. Here, you’ll have the power to drive real change and shape our path ahead. 

Join a place where ambition can become reality, with development and platforms that support where you want to go next. Together, we'll help you discover your potential as we expand ours. 

We live day-to-day by our values: collaborative, progressive, empowering, and responsible. This means you’ll join a team which upholds mutual trust and treats each other with respect. While teamwork is at the heart of our approach to reinsurance, we don’t expect our team to think alike; at MS Re, we don’t just welcome your differences, we believe they’re essential to our success.  

Does this sound like a culture you want to be part of? Find out more about what we offer on our website and apply today!  

In case of questions, please contact us via email: careers@msreinsurance.com

MS Reinsurance is the market-facing brand of the risk carrying legal entity MS Amlin AG, a global reinsurer domiciled in Switzerland and operating in Bermuda as MS Amlin AG, Bermuda Branch, in the United States through MS Amlin Reinsurance Managers, Inc, and in Labuan, Malaysia as MS Amlin AG, Labuan Branch.

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