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- Tasks: Lead a team of actuaries in developing pricing models and portfolio management strategies.
- Company: Swiss Re is a global leader in reinsurance and insurance solutions, focusing on risk management.
- Benefits: Enjoy a flexible work environment with opportunities for professional growth and inclusivity.
- Why this job: Join a dynamic team driving change in the insurance industry while making a social impact.
- Qualifications: Must be an experienced Actuary with strong leadership skills and commercial insurance knowledge.
- Other info: Open to diverse backgrounds; returning professionals are encouraged to apply.
The predicted salary is between 43200 - 72000 £ per year.
We are seeking a highly skilled and experienced individual to join our team of Pricing Actuaries as the Lead Actuary Engineering. You will be part of the Actuarial Portfolio Management (APM) unit and you will be reporting to the APM Head of Property & Specialty (P&S). The successful candidate will lead the team of actuaries situated in our central European locations and Bangalore. You and your team are primarily responsible for maintaining actuarial pricing models and development of portfolio management strategies for Engineering underwriting portfolios which are key portfolios for Swiss Re Corporate Solutions.
Key Responsibilities:
- Pricing model development: Lead development and calibration of pricing models and parameters corresponding to Engineering products to accurately reflect the latest experience, portfolio mix, Terms & Conditions, and trends. Work with our technology teams to implement these models and parameters in UW tools to aid underwriting decision making.
- Team management and APM P&S leadership: Manage a diverse team of actuaries and portfolio experts, providing mentorship, guidance, and performance feedback. As a member of the APM P&S leadership team, you shall actively contribute to the leadership, stakeholder management, and future strategy of P&S portfolios.
- Analytics driven decision making: Develop your own view on portfolio profitability reflecting the latest market dynamics, premium rate, and loss experience.
- Portfolio management discipline: Drive portfolio management discipline across Engineering portfolios, ensuring that portfolios have a long-term strategy, detailed business plan, monitoring framework, and capability that responds to the execution of actions, pricing data, market trends, and competitor behaviour. Collaborate with the Head APM P&S to ensure that the application of these principles is in line with other P&S portfolios.
About You
You are likely to be an Actuary with deep Commercial Insurance experience in the Engineering line of business, bringing with you a combination of industry knowledge, business insight, and actuarial technical skills. People leadership is a significant part of the role; therefore, prior exposure or inclination towards it is crucial, considering you will be leading an international team of actuaries. Thought leadership: you are someone who can lead initiatives to take our vision to reality, being an advocate for driving change. Business fluency in English is required. Proficiency in other languages is always welcome but not a must. You communicate clearly and simply - even when dealing with complicated problems and ideas - and you do so both orally and in writing.
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. 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.
Lead Actuary Engineering (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 Lead Actuary Engineering (80 - 100%)
✨Tip Number 1
Familiarise yourself with the latest trends in actuarial pricing models, especially within the Engineering sector. This knowledge will not only help you during interviews but also demonstrate your commitment to staying updated in a rapidly evolving field.
✨Tip Number 2
Network with current or former employees of Swiss Re Corporate Solutions. Engaging with them can provide valuable insights into the company culture and expectations, which can be beneficial when discussing your fit for the Lead Actuary Engineering role.
✨Tip Number 3
Prepare to discuss your leadership style and experiences in managing diverse teams. Since this role involves leading an international team, showcasing your ability to mentor and guide others will be crucial during the interview process.
✨Tip Number 4
Demonstrate your analytical skills by preparing examples of how you've used data-driven decision-making in past roles. Highlighting specific instances where your insights led to successful outcomes will resonate well with the hiring team.
We think you need these skills to ace Lead Actuary Engineering (80 - 100%)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in Commercial Insurance, particularly within the Engineering line of business. Emphasise any leadership roles you've held and your ability to manage diverse teams.
Craft a Compelling Cover Letter: In your cover letter, express your passion for actuarial work and your vision for leading a team. Mention specific examples of how you've driven change or improved processes in previous roles.
Showcase Technical Skills: Detail your proficiency in developing and calibrating pricing models. Include any relevant software or tools you’ve used that align with the job requirements, as this will demonstrate your technical expertise.
Highlight Communication Skills: Since clear communication is key for this role, provide examples of how you've effectively communicated complex ideas to stakeholders. This could be through presentations, reports, or team meetings.
How to prepare for a job interview at Swiss Re - Schweizerische Rückversicherungs-Gesellschaft
✨Showcase Your Technical Expertise
As a Lead Actuary Engineering, it's crucial to demonstrate your deep understanding of actuarial pricing models and portfolio management strategies. Be prepared to discuss specific examples from your past experience where you successfully developed or calibrated pricing models, and how these contributed to underwriting decisions.
✨Highlight Leadership Experience
Since this role involves managing a diverse team, share your previous leadership experiences. Talk about how you've mentored team members, provided performance feedback, and contributed to team dynamics. This will show that you're not only technically skilled but also capable of leading and inspiring others.
✨Prepare for Analytical Discussions
Expect to engage in discussions around analytics-driven decision making. Prepare to present your views on portfolio profitability and how you would approach analysing market dynamics, premium rates, and loss experiences. This will demonstrate your analytical mindset and ability to make informed decisions.
✨Communicate Clearly and Confidently
Effective communication is key in this role. Practice articulating complex actuarial concepts in a clear and simple manner. During the interview, ensure you convey your thoughts confidently, as this will reflect your ability to communicate with stakeholders and team members effectively.
