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- Tasks: Join our team to perform quarterly P&C actuarial reserve calculations and support various actuarial projects.
- Company: Swiss Re is a top global reinsurer focused on making the world more resilient through innovative risk solutions.
- Benefits: Enjoy a hybrid work model, inclusive culture, and opportunities for professional development.
- Why this job: This role offers hands-on experience in a collaborative environment with diverse stakeholders and impactful projects.
- Qualifications: A university degree in science or related fields, strong analytical skills, and programming knowledge in R or Python are essential.
- Other info: We value open-mindedness and strong communication skills; feedback is provided to all applicants.
The predicted salary is between 36000 - 60000 £ per year.
P&C Reserving Actuarial Analyst (Hybrid; m/f/x/d; 80-100%)
Are you a current actuarial trainee or recent graduate looking for a varied P&C actuarial reserving role at a top global Reinsurer? If so, we want to hear from you!
About the Role
We are looking for an ambitious actuarial trainee to join our team in performing quarterly actuarial P&C reserve calculations.
You will have the opportunity to:
- Work with an internally developed actuarial reserving tool (SPIRE), apply the various actuarial reserving methods to reserving portfolios and decide on the most appropriate reserves for the financial accounts,
- Estimate nominal ultimate claims and their pay-out patterns, digging deeper into portfolios as required to identify segments needing specific focus and separate monitoring,
- Support the reserving of individual non-traditional structured deals, with a focus on understanding deal-specific terms and conditions and key interactions with other deal stakeholders,
- Challenge costing accuracy, contribute to reporting and build a deep understanding of non-traditional structured reinsurance in particular,
- Interact with other functions such as Underwriting, Claims, Technical Accounting and Finance as well as with senior management and build trustful long-term relationships,
- Support legal entity and IFRS work as required,
- Support actuarial-related projects and systems development.
About the Team
The London Hub EMEA Actuarial & Reserving team consists of 7 actuaries with diverse backgrounds. We value a good team and collaborative spirit. We frequently interact with a large number of stakeholders from different functions. Therefore, we value strong communication skills just as highly as strong technical expertise. Our London Hub reserving team takes responsibility for a number of key portfolios including all Global Marine and Aviation business and all EMEA non-traditional structured deals (across all lines of business). In addition, we support multiple XFT Portfolio Steering teams and provide Legal Entity and Branch reporting activities.
About You
We are looking for an open-minded, trustworthy and enthusiastic team player who can engage in challenging conversations with respect and a constructive mindset. To be successful in this role, you need to have strong communication and collaboration skills to build trust with our stakeholders. Are you confident in managing a varied workload and meeting associated deadlines?
Essentials:
- University degree in science or related subjects,
- Strong analytical and quantitative skills,
- Programming skills in R, Python or other related languages would be an advantage.
We are looking forward to your application!
We provide feedback to all candidates via email. If you have not heard back from us, please check your spam folder. #LI-Hybrid
About Swiss Re
Swiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime. We cover both Property & Casualty and Life & Health. Combining experience with creative thinking and cutting-edge expertise, we create new opportunities and solutions for our clients. This is possible thanks to the collaboration of more than 14,000 employees across the world.
Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace 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.
If you are an experienced professional returning to the workforce after a career break, we encourage you to apply for open positions that match your skills and experience.
Start your career journey with Swiss Re.
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P&C Reserving Actuarial Analyst (Hybrid; m/f/x/d; 80-100%) employer: Swiss Re - Schweizerische Rückversicherungs-Gesellschaft
Contact Detail:
Swiss Re - Schweizerische Rückversicherungs-Gesellschaft Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land P&C Reserving Actuarial Analyst (Hybrid; m/f/x/d; 80-100%)
✨Tip Number 1
Familiarize yourself with the SPIRE actuarial reserving tool mentioned in the job description. Understanding how to use this tool will give you a significant advantage during the interview process, as it shows your proactive approach and readiness to contribute from day one.
✨Tip Number 2
Brush up on your knowledge of various actuarial reserving methods. Being able to discuss these methods confidently will demonstrate your technical expertise and analytical skills, which are crucial for this role.
✨Tip Number 3
Prepare to showcase your programming skills in R or Python. If you have any projects or examples where you've applied these skills, be ready to discuss them. This will highlight your quantitative abilities and your fit for the role.
✨Tip Number 4
Since strong communication and collaboration skills are emphasized, think of examples from your past experiences where you've successfully worked with diverse teams or stakeholders. This will help you illustrate your ability to build trust and engage in constructive conversations.
We think you need these skills to ace P&C Reserving Actuarial Analyst (Hybrid; m/f/x/d; 80-100%)
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description and understand the key responsibilities and requirements. Highlight your relevant experience and skills that align with the role of a P&C Reserving Actuarial Analyst.
Tailor Your CV: Customize your CV to reflect your analytical and quantitative skills, as well as any programming experience in R or Python. Emphasize your educational background in science or related subjects, and include any relevant projects or internships.
Craft a Strong Cover Letter: Write a compelling cover letter that showcases your enthusiasm for the position and the company. Discuss your teamwork and communication skills, and how you can contribute to the collaborative spirit of the London Hub EMEA Actuarial & Reserving team.
Proofread Your Application: Before submitting your application, carefully proofread all documents for spelling and grammatical errors. Ensure that your application is clear, concise, and professional, reflecting your attention to detail.
How to prepare for a job interview at Swiss Re - Schweizerische Rückversicherungs-Gesellschaft
✨Showcase Your Analytical Skills
As a P&C Reserving Actuarial Analyst, strong analytical and quantitative skills are essential. Be prepared to discuss specific examples from your academic or professional experience where you successfully applied these skills, especially in actuarial contexts.
✨Demonstrate Programming Proficiency
If you have programming skills in R, Python, or other related languages, make sure to highlight them during the interview. Discuss any relevant projects or coursework that involved programming, as this will show your technical capabilities.
✨Emphasize Communication and Collaboration
Given the importance of building trust with stakeholders, be ready to share experiences where you effectively communicated complex information or collaborated with diverse teams. This will demonstrate your fit for the team-oriented culture.
✨Prepare for Technical Questions
Expect to face technical questions related to actuarial reserving methods and financial accounts. Brush up on key concepts and be ready to explain how you would approach reserve calculations using the SPIRE tool or similar methodologies.
