53 days ago on career2.successfactors.eu

Actuarial Analyst

Swiss Re AG

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Actuarial Analyst

​Actuarial Analyst

Switzerland - Zurich 

Corporate Title: Assistant Vice President

Division: Life Capital Products centre

Department: Life Capital UW & Pricing 

Recruiter: Cécile Pineau  

 

About the role

Swiss Re's Business Unit (BU) Life Capital was formed on 1 January 2016, with the combination of the closed and open books of business. It carries out the Life & Health primary insurance activities of the Swiss Re Group and it aims to build up a global portfolio of primary B2B2C Life & Health (L&H) businesses. Swiss Re Life Capital Reinsurance Ltd (SRLCR) will be a Swiss domiciled legal entity under the supervision of FINMA. SRLCR will be Life Capital's internal reinsurance entity and will reinsure risks from other Life Capital business.

Under the leadership of the Life Capital Chief Underwriting Officer (LC CUO), the Life Capital Product Centre will help steer capital to the most attractive areas, optimize profit margins and risk selection.

 

About the team

We are now setting up the Life Capital Products Centre team, and in particular are looking for an Actuarial Analyst, who will support Life Capital CUO, SRLCR and Operating Entities (e.g., elipsLife, iptiQ Americas, and iptiQ EMEA) in the areas of product development, performance monitoring, new deals validation and the design of Terms of Trade.

The Actuarial Analyst will report to the LC CUO.

 

About You

Main tasks/activities

- Set up the IGR pricing and contracts and monitor experience of in-force IGR's to SRLCR
- Support development and assessment of referred quotation/product development
- Support development of performance monitoring and experience studies tools of BU Life Capital underwriting portfolios and distribution partnerships (documented via L1/L2 "fact-books")
- Support development, evolution and innovation of costing tools, models and methods, and Terms of Trade (in co-ordination with Group)
- Monitor costing adequacy and adherence to Underwriting Standards (assessed through Insurance Risk Reviews - IRR)
- Support monitoring trends and market risks
- Support the preparation and maintenance of Terms of Trade (in a joint effort with Life Capital Operating Entities)
- Develop strong relationships with peers in Life Capital Operating Entities and with distribution partners (when required and in agreement with the Operating Entities)

Education
- Minimum four-year degree in mathematics, statistics, actuarial science or related field with proven mathematical skills and analytical ability
- Qualified actuary (FIA/FFA/FSA or equivalent)

Languages
- Fluent in English with excellent oral and written communication skills - any other main European business language is an advantage

Professional Experience
- Solid L&H insurance industry expertise and market knowledge, with 3-5 years of costing experience in re/insurance
- Excellent knowledge of relevant statistical and actuarial models
- Good command of SAS and other statistical software
- Experience in Life & Health (retail) product development and pricing

Leadership Qualities
- Ability to draw conclusions and influence decisions in a large organization
- Ability facilitate discussions and voice opinions

Soft Skills
- Good business sense and appreciation of sound risk management techniques
- Excellent collaboration and team working
- Customer focus (internally and externally)
- Result-oriented, with strong ability to deal positively with ambiguity and conflict
- Drive and enthusiasm, being innovative, display a sociable 'can-do' attitude