Location: Munich, DE
Are you ready to elevate your actuarial career in the dynamic world of commercial General Insurance? Join us to develop crucial product expertise and analytical capabilities that directly impact the profitability of a global underwriting portfolio. This is your opportunity to make a meaningful difference while advancing your professional journey.
About the Role
As our Pricing Actuary, you'll be a standout colleague reporting to the Global GL Pricing Lead within the Actuarial Portfolio Management (APM) Unit. You'll leverage data-driven techniques to execute portfolio goals, applying your technical actuarial expertise and business acumen to effectively communicate analytical findings to global partners. Your work will directly influence portfolio profitability and contribute to our Business Unit's overall performance.
Key Responsibilities
* Work independently on complex case pricings requiring actuarial reviews and communicate outcomes effectively to stakeholders, primarily case Underwriters.
* Conduct quarterly profitability analysis using actuarial techniques like Experience rating and Exposure rating to evaluate on-level performance and future projections.
* Build technical portfolio insight capabilities to optimize financial performance management and enhance profitability views across business lines.
* 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.
About the Team
We are a team of highly skilled and innovative Actuaries spread across the world in Bangalore, Munich, Zurich, Manchester, London, New York, Windsor and Kansas City. Our team comprises of qualified and student Actuaries who are an integral part to Swiss Re CorSo. We are part of the Underwriting Unit and report to the Chief Underwriting Officer (CUO). We foster an inclusive culture that values diverse perspectives and innovative thinking, ensuring equal opportunities for professional development.
About You
We're seeking an ambitious, trustworthy, and enthusiastic team player who is passionate about advancing their actuarial career. You'll need excellent interpersonal and communication skills with the ability to convey complex ideas effectively to diverse audiences. You're a self-starter who takes initiative and implements measures in a goal-oriented manner.
We are looking for someone brings:
* Bachelor's degree in a Quantitative/Numerical subject from a recognized university.
* Significant experience in an Actuarial position, ideally in a long-tail line of business.
* Qualified Actuary or on track to qualification.
* Excellent skills in MS Excel and strong programming proficiency in R/Python or SQL.
* Exceptional numeracy and attention to detail with a natural affinity for data analysis.
For Germany, the base salary range for this position is between 71,000 and 118,000 EUR (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. #LI-Hybrid