Credit Reinsurance Pricing Lead

Full-time employee position based in New York, NY. This role is hybrid, with an expectation to be in the office 2-3 days per week.

About the role

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 such as Trade Credit, Project Finance, Structured Credit, Leveraged Finance, Fund Finance, Real Estate Finance, and bespoke credit portfolio structures including CLOs and SRTs. This position ensures alignment with business strategy, risk appetite, and actuarial standards, acting as a key partner to Underwriting, Claims, and Finance by translating complex actuarial analysis into clear pricing insights.

Responsibilities

• Analyze and price credit reinsurance treaty business or ad-hoc case pricing for bespoke credit reinsurance business, ensuring conclusions and recommendations are analytically robust and supported by data and models.
• Present complex analyses in a clear, structured manner to both technical and non-technical audiences.
• Support underwriters to negotiate terms and structures to meet business goals, including participation 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.

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 an 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 modeling 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.

Qualifications

• 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).

Pay

Salary range for this role is $188,000 - $282,000, depending on experience. Beyond the base salary, regular full-time employees are eligible for QBE’s annual discretionary bonus plan based on business and individual performance.

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 counseling, 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.