Associate Pricing Actuary

Do you have career aspirations to be a Pricing Actuary in the commercial General Insurance space? You will develop the product know-how and analytical skills vital to improve the profitability of a global Underwriting portfolio.

About The Role

You will learn to use actuarial methods and techniques to help develop insight on portfolio trends to set costing parameters for our in-house proprietary property costing model. This will help improve the predictability and accuracy of the costing tool. You will have a direct impact on helping steer the profitability of your portfolio and ultimately the overall Business Unit's performance.

Key responsibilities of the role include:

• Work on complex case pricings for transactions requiring Actuarial reviews, participate in the review of the proposals with Senior Actuary, and communicate effectively the outcome to the stakeholders, primarily the case Underwriter.
• Carry out the quarterly profitability analysis of the portfolio by employing a combination of Actuarial techniques like Experience rating and Exposure rating to evaluate the on-leveled performance of the book and projection for the future.
• Analyze the portfolios and sub-portfolios by slicing and dicing the data sources and perform statistical analysis on the data to derive portfolio insights.
• Communicate the results and findings optimally to a wider audience of stakeholders.
• Work on Actuarial rate review projects to update the costing parameters of the in-house Swiss Re developed proprietary costing model for Fire perils.
• Work on developing data pipeline, data transformation, and analysis for Portfolio analytics, Model reviews, and other model enhancements.

About The Team

We are a global team of Actuaries spread across the globe in Bangalore, Munich, Zurich, Manchester, London, New York, Windsor, and Kansas City. Our team comprises qualified and student Actuaries who work on the largest portfolio for Swiss Re Corporate Solutions.

We foster an inclusive culture that values diverse perspectives and innovative thinking, ensuring equal opportunities for professional development.

About You

Do you have an open-minded, intellectually curious approach to everything you do as well as an interest in learning from a variety of sources? To be successful, you need to have good analytical skills, a flair for numbers, and attention to detail. Excellent communication skills and the ability to convey complex ideas to global partners are crucial for this role.

• Bachelor's degree in a Quantitative/Numerical subject.
• Practical experience of more than a year in an Actuarial position in any discipline (pensions, life).
• You are pursuing Actuarial Science from IFOA or any other recognized Actuarial body.
• Excellent skills in MS Excel.
• Preferably programming skills in R/Python and SQL.

If you are eager to deploy your results-oriented approach and technical capabilities to further grow your business understanding and support the ongoing development of the portfolio, you are the right person to join our highly motivated team.

About Swiss Re Corporate Solutions

Swiss Re is one of the world’s leading providers of reinsurance, insurance, and other forms of insurance-based risk transfer. We anticipate and manage risks, from natural catastrophes and climate change to cybercrime.

Swiss Re Corporate Solutions is the commercial insurance arm of the Swiss Re Group. We offer innovative insurance solutions to large and midsized multinational corporations from our approximately 50 locations worldwide. We help clients mitigate their risk exposure, whilst our industry-leading claims service provides them with additional peace of mind.

Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. Swiss Re Corporate Solutions embraces a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought, or other characteristics. In our inclusive and flexible environment, everyone can bring their authentic selves to work and their passion for sustainability.