Senior Pricing Analyst
Senior Pricing Analyst
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Job Description
RenaissanceRe is a leading writer of Property & Casualty Reinsurance. For over 25 years we have helped customers and communities recover and build resilience through our industryleading ability to understand risk source efficient capital and rapidly pay claims.
Our global team shares a passion for solving our customers biggest problems through a collaborative and entrepreneurial culture that empowers employees and rewards creative thinking.
About RenaissanceRe
For over three decades RenaissanceRe has helped its clients manage the risks of operating in a volatile and uncertain world. Were experts in Property Casualty Specialty Cyber and Credit reinsurance consistently recognized for the innovative way we combine data experience and technology to understand and manage large and complex risks across the world. We are also a business with a real social purpose we help protect communities around the globe and enable prosperity for all. Our purpose drives us forward every day as we seek solutions to some of the worlds most complicated challenges. To learn more please visit us at Careers RenaissanceRe (renre).
About RenaissanceRes Pricing Function
Our Pricing team is a collaborative global team of pricing analysts and actuaries tasked with building a complete and consistent view of risk for inwards transactions across the organisation. We work closely with underwriting teams to deliver accurate and insightful analysis alongside the development of loss estimates for individual transactions. From analysing large datasets to developing bespoke methodologies we are responsible for handling a wide range of tasks with precision expertise and professionalism. Emphasizing teamwork continuous learning and innovation we stay at the forefront of industry best practices to adapt to changing market dynamics.
About the Position
The Senior Pricing Analyst is responsible for the evaluation and pricing of opportunities in the Cyber and Specialty lines of business with a focus towards Cyber.
The Senior Pricing Analyst role is based in the London office with select travel expected to other RenRe offices (Dublin Zurich New York City and Bermuda).
We believe that meeting the below requirements will position you for success in the role. However if you fulfil most but not all of the expectations we still encourage you to apply as we are eager to explore your potential and believe in the ability to grow and learn.
Key Responsibilities
Work closely with underwriters and analysts to perform qualitative and quantitative actuarial analyses to assess the profitability of Cyber and Specialty contracts
Communicate analyses effectively to underwriters and senior pricing actuaries
Follow consistent pricing practices and approaches as set out for each line of business
Communicate with clients and brokers regarding information requirements for more effective evaluation of opportunities
Learn to use RenaissanceRe systems to effectively extract manipulate and report on key insights concerning the Cyber and Specialty portfolio
Learn to use thirdparty vendor models to effectively extract manipulate and report on key insights concerning the Cyber portfolio
Assist senior team members in reparameterization exercises to update pricing models as part of indepth line of business studies
Assist in tracking industry trends engage with data aggregators and generally enhance the groups knowledge of market characteristics with utilization of relevant information both proprietary and publicly available.
Candidate Qualifications:
A university degree with emphasis on mathematics statistics economics finance or a similar field
Has significant progression towards FIA ACAS FCAS SAV or similar actuarial qualifications
3 years of experience in the insurance industry preferably with experience specifically in reinsurance treaty pricing
Knowledge of the common types of reinsurance and how they are relevant to each line of business
Strong communication skills with the ability to effectively explain technical information to a wide range of audiences
Advanced knowledge of the Microsoft Office suite of applications and database querying
Manages expectations effectively and adapts to changing needs concerns and priorities of clients/stakeholders
Programming knowledge an advantage
At RenaissanceRe we believe in creating a workplace culture that fosters diversity equity and inclusion throughout our business. We have a zerotolerance policy for harassment and discrimination and take proactive steps to make employees feel valued and empowered to contribute to our collective success. It is RenRes policy to ensure equal employment opportunity without discrimination or harassment based on race color religion sex (including pregnancy childbirth or related medical conditions) sexual orientation gender identity or expression age disability national origin marital or domestic/ civil partnership status genetic information citizenship status uniformed service member or veteran status or any other characteristic protected by law.
Our people are our most valuable resource and core to our success. This is a fastpaced business environment demanding a strong work ethic and a resultsoriented approach. We offer competitive compensation and benefits a comprehensive talent development program and a reward system in which employees share in the success of the company. We are an engaged member of the communities in which we live and work and have a locallyled giving philosophy with generous employee matching program global and local community grants and employee volunteerism.
We seek diversity create equity and practice inclusion. Our people are at the heart of everything we do. We are an equal opportunity employer. We provide equal opportunity to all qualified individuals regardless of race color religion national origin sex sexual orientation gender identity marital status pregnancy disability military status or other legally protected categories.
Required Experience:
Senior IC
Employment Type
Full-Time
