Associate Pricing Actuary - D&O (Hybrid, 80-100%)

Associate Pricing Actuary - D&O (Hybrid, 80-100%)

Full-Time 40000 - 60000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Join our team to analyse data and influence global insurance decisions.
  • Company: Swiss Re Corporate Solutions, a leader in innovative insurance solutions.
  • Benefits: Competitive salary, performance bonuses, hybrid work model, and global benefits.
  • Why this job: Make a real impact in the exciting world of Executive Risks insurance.
  • Qualifications: Bachelor's in Actuarial Mathematics and proficiency in R/Python or SQL.
  • Other info: Dynamic team culture with opportunities for professional growth and innovation.

The predicted salary is between 40000 - 60000 £ per year.

Are you a forward-thinking actuary looking to make a tangible impact on a global insurance portfolio? Join our dynamic team at Swiss Re Corporate Solutions where your analytical expertise will directly influence business decisions and drive portfolio profitability in the exciting world of Executive Risks (D&O) insurance.

As part of our Global Executive Risks (D&O) actuarial pricing team, you will leverage cutting-edge data-driven techniques to execute portfolio goals. Your technical actuarial expertise and business acumen will enable you to effectively communicate analytical findings to global partners, directly influencing portfolio profitability and contributing to our Business Unit's overall performance.

Key Responsibilities
  • Support the delivery of quarterly profitability reviews that provide portfolio steering insights and underwriting recommendations to our FinPro underwriting leaders.
  • Analyze portfolios by examining diverse data sources and performing statistical analysis to derive meaningful insights.
  • Communicate results to wider partners including Portfolio Managers, Reserving Actuaries, and Finance departments.
  • Execute actuarial rate reviews to update costing parameters of in-house Swiss Re developed models.
  • Develop and enhance actuarial models through dedicated project work.
  • Coordinate the rate monitoring process produced by the rating models and ensure feedback loops back to our profitability and planning analysis.

We are an actuarial team providing support to global Executive Risks (D&O). Key responsibilities for our team include loss ratio projections, rating plan development, model calibration and actuarial pricing support. We work closely with our business partners and encourage technical innovation that supports traditional methods. Our team comprises qualified and student Actuaries who are an integral part of Swiss Re CorSo. We are part of the Underwriting Unit and report to the Chief Underwriting Officer (CUO).

About You

We are seeking an ambitious, trustworthy, and enthusiastic team player who is passionate about advancing their actuarial career. You will need excellent interpersonal and communication skills with the ability to convey complex ideas effectively to diverse audiences. You are a self-starter who takes initiative and implements measures in a goal-oriented manner.

Requirements
  • Bachelor's degree in Actuarial Mathematics.
  • Progression through Actuarial exams.
  • Excellent skills in MS Excel and strong programming proficiency in R/Python or SQL.
  • Good quantitative aptitude – able to understand and comprehend actuarial concepts.
  • Desire to learn from highly skilled industry professionals across multiple fields to grow your professional development.
Additional Nice to Haves
  • Strong communication skills and team spirit to effectively collaborate with team members.
  • Excellent organizational skills - ability to work under pressure and prioritize tasks accordingly.
  • Reliability – integrity, judgement, energy, ownership, analytical power.

Our company has a hybrid work model where the expectation is that you will be in the office at least three days per week.

For London, the annual base salary range for this position is between GBP 40,000 and GBP 60,000 (for a full-time role). The specific salary offered considers the requirements, scope, complexity and responsibilities of the role, the applicant's own profile including education/qualifications, expertise, specialisation, skills and experience. In addition to your base salary, Swiss Re offers an attractive performance-based variable compensation component, designed to recognise your achievements. Further you will enjoy a variety of global and location specific benefits. Eligibility may vary depending on the terms of Swiss Re policies and your employment contract.

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.

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.

Associate Pricing Actuary - D&O (Hybrid, 80-100%) employer: Swiss Re - Schweizerische Rückversicherungs-Gesellschaft

At Swiss Re Corporate Solutions, we pride ourselves on being an exceptional employer that fosters a culture of innovation and inclusivity. Our hybrid work model allows for flexibility while ensuring collaboration within our dynamic actuarial team, where you will have the opportunity to grow your skills alongside industry experts. With competitive compensation, performance-based rewards, and a commitment to professional development, we empower our employees to make a meaningful impact in the world of Executive Risks insurance.
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Contact Detail:

Swiss Re - Schweizerische Rückversicherungs-Gesellschaft Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Associate Pricing Actuary - D&O (Hybrid, 80-100%)

Tip Number 1

Network like a pro! Reach out to current employees at Swiss Re or in the actuarial field on LinkedIn. A friendly chat can give you insider info and might just lead to a referral.

Tip Number 2

Prepare for interviews by brushing up on your technical skills and understanding of D&O insurance. Be ready to discuss how your analytical expertise can impact portfolio profitability.

Tip Number 3

Showcase your communication skills! Practice explaining complex actuarial concepts in simple terms. This will help you connect with diverse audiences during interviews.

Tip Number 4

Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re serious about joining the Swiss Re team.

We think you need these skills to ace Associate Pricing Actuary - D&O (Hybrid, 80-100%)

Analytical Expertise
Actuarial Mathematics
Statistical Analysis
Data-Driven Techniques
Communication Skills
MS Excel
Programming Proficiency in R/Python or SQL
Quantitative Aptitude
Project Management
Team Collaboration
Organisational Skills
Problem-Solving Skills
Adaptability
Integrity

Some tips for your application 🫡

Tailor Your CV: Make sure your CV reflects the skills and experiences that align with the Associate Pricing Actuary role. Highlight your actuarial qualifications, programming skills in R/Python or SQL, and any relevant projects that showcase your analytical prowess.

Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to express your passion for the role and the insurance industry. Mention how your background in actuarial mathematics and your desire to learn from industry professionals make you a great fit for our team.

Showcase Your Communication Skills: Since you'll be communicating complex ideas to diverse audiences, it's crucial to demonstrate your communication skills in your application. Use clear and concise language, and consider including examples of how you've effectively conveyed analytical findings in the past.

Apply Through Our Website: We encourage you to apply directly through our website for the best chance of success. This way, your application will go straight to our hiring team, and you'll be one step closer to joining our dynamic actuarial team at Swiss Re!

How to prepare for a job interview at Swiss Re - Schweizerische Rückversicherungs-Gesellschaft

Know Your Numbers

As an Associate Pricing Actuary, you'll be dealing with a lot of data. Brush up on your statistical analysis skills and be ready to discuss how you've used data to drive decisions in the past. Prepare examples that showcase your analytical expertise and how it can influence portfolio profitability.

Communicate Clearly

You'll need to convey complex actuarial concepts to various stakeholders. Practice explaining your past projects or analyses in simple terms. Think about how you can make your findings relatable to non-actuaries, as this will demonstrate your strong communication skills.

Show Your Team Spirit

Swiss Re values collaboration, so be prepared to discuss how you've worked effectively in teams. Share specific examples where your contributions helped achieve a common goal. Highlight your enthusiasm for learning from others and how you can bring that team spirit to their dynamic environment.

Prepare for Technical Questions

Expect questions related to actuarial models and programming languages like R, Python, or SQL. Brush up on your technical knowledge and be ready to solve problems on the spot. This will show your proficiency and readiness to tackle the challenges of the role.

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