At a Glance
- Tasks: Manage and optimise financial portfolios while collaborating with various teams.
- Company: Join Swiss Re, a global leader in reinsurance and risk management.
- Benefits: Enjoy a hybrid work model, inclusive culture, and opportunities for professional growth.
- Why this job: Be part of a team driving innovation in financial solutions and sustainability.
- Qualifications: Strong background in mathematics, finance, or actuarial sciences; experience with analytical tools required.
- Other info: Open to diverse candidates, including those returning from career breaks.
The predicted salary is between 54000 - 84000 £ per year.
Location: London, GB
Are you keen to be part of the team to support the portfolio growth of the Financial Solutions Ambition announced as part of the L&H Ambition Reset? Are you savvy with financial reinsurance and capital solutions, and excited about optimizing performance under the updated regulatory frameworks for VA/GMxB and related product lines?
About the Job
- Manage the in-force performance of VA/GMxB, Financial Market Transformation (FMT), and Remote Risk Transactions (RRT) portfolios
- Develop, enhance and maintain stochastic models for valuation and pricing of VA and GMxB riders under economic, International Financial Reporting Standards (IFRS), and US Statutory frameworks. Use scripting languages for regular production, performance optimization, management reporting, etc.
- Analyze biometric experience and propose assumption update for review and approval by Risk Management
- Present material for Quarterly Monitoring committees on transaction level experience.
- Perform regular and ad-hoc investigations into existing processes and data (such as policy data, Profit & Loss attribution, reserving and capital calculations etc.)
- Collaborate and consult with other groups in L&H and across the wider Swiss Re Group (LHSS, Client Markets, Finance, Risk, etc.) with a view to continually improve our ability to manage the financial and biometric exposures of the portfolio
- Support on-boarding of new transactions (e.g. Captive and Capital Relief) and new products (e.g. FIA, RILA), lead internal coordination across functions in L&H to ensure the smooth transition of models and processes into production
- Support standardizing and productionizing of transactions reporting for valuation, accounting, statutory, risk management and hedging purposes
About the Team
Major relationships include
- L&H FMI Pricing & Structuring
- L&H Structured Solutions
- Risk Management – Financial Risk Management, Valuations
- Finance
- Treasury
- Asset Management
About You
- Mathematical / Computer Science / Financial modelling / Actuarial Sciences / Finance academic background
- Extensive understanding in life insurance business concepts.
- Experience with scripting and analytical languages e.g. Python, R, C++, C, Moses, Prophet, AXIS
- Quantitative technical abilities. Practical experience using a range of tools to perform data analytics
- Curious mind interested in investigating the underlying drivers and patterns
- Working level financial markets knowledge, collaboration with Treasury etc
- Performance minded – drive to grow new business, KPI focused
#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.
Swiss Re is an equal opportunity employer. It is our practice to recruit, hire and promote without regard to race, religion, color, national origin, sex, disability, age, pregnancy, sexual orientations, marital status, military status, or any other characteristic protected by law. Decisions on employment are solely based on an individual\’s qualifications for the position being filled.
During the recruitment process, reasonable accommodations for disabilities are available upon request. If contacted for an interview, please inform the Recruiter/HR Professional of the accommodation needed.
Keywords: actuarial, quantitative analyst, financial markets, portfolios, L&H Reinsurance
Reference Code: 134502
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Start your career journey with Swiss Re. #J-18808-Ljbffr
Senior Portfolio Manager- Product Mgmt Actuary (Hybrid; m/f/x/d; 80-100%) employer: Swiss Re
Contact Detail:
Swiss Re Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Portfolio Manager- Product Mgmt Actuary (Hybrid; m/f/x/d; 80-100%)
✨Tip Number 1
Familiarise yourself with the latest regulatory frameworks related to VA/GMxB products. Understanding these regulations will not only help you in interviews but also demonstrate your commitment to staying updated in the field.
✨Tip Number 2
Network with professionals in the actuarial and financial reinsurance sectors. Attend industry events or webinars to connect with potential colleagues and learn more about the company culture at Swiss Re.
✨Tip Number 3
Brush up on your scripting skills, particularly in Python or R, as these are crucial for the role. Consider working on personal projects or contributing to open-source projects to showcase your technical abilities.
✨Tip Number 4
Prepare to discuss your experience with stochastic models and data analytics during the interview. Be ready to provide examples of how you've used these skills to optimise performance or solve complex problems in previous roles.
We think you need these skills to ace Senior Portfolio Manager- Product Mgmt Actuary (Hybrid; m/f/x/d; 80-100%)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in financial reinsurance, capital solutions, and portfolio management. Use specific examples that demonstrate your expertise in stochastic modelling and scripting languages like Python or R.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Discuss how your background in actuarial sciences and financial modelling aligns with the responsibilities of managing VA/GMxB portfolios and optimising performance under regulatory frameworks.
Showcase Technical Skills: Emphasise your quantitative technical abilities and practical experience with data analytics tools. Mention any specific projects where you successfully used these skills to drive business growth or improve processes.
Prepare for Interviews: If invited for an interview, be ready to discuss your analytical approach to problem-solving and your experience collaborating with cross-functional teams. Prepare examples of how you've contributed to improving financial and biometric exposures in previous roles.
How to prepare for a job interview at Swiss Re
✨Showcase Your Technical Skills
Make sure to highlight your experience with scripting and analytical languages like Python, R, or C++. Be prepared to discuss specific projects where you've used these skills to optimise performance or enhance models.
✨Understand the Financial Landscape
Demonstrate your knowledge of financial reinsurance and capital solutions. Familiarise yourself with the latest regulatory frameworks for VA/GMxB and be ready to discuss how these impact portfolio management.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving abilities in real-world scenarios. Think about past experiences where you had to analyse biometric data or perform investigations into existing processes, and be ready to share those insights.
✨Emphasise Collaboration Skills
Since the role involves working with various teams, be prepared to discuss your experience in cross-functional collaboration. Share examples of how you've successfully worked with different departments to achieve common goals.