Are you a highly motivated P&C Actuary looking for an exciting new challenge? Join our Actuarial & Reserving P&C Americas team, where you'll play a pivotal role in supporting our key reserving and financial reporting tasks. This is an incredible opportunity to contribute to actuarial pricing and the valuation of commutation deals in a collaborative and innovative environment.
Key responsibilities:
- Reporting: Prepare and present detailed reports to senior management, highlighting the financial implications and strategies related to commutations.
- Regulatory compliance: Ensure all pricing activities are compliant with regulatory frameworks and internal policies.
- Reserving support: Assist in quarterly and annual reserve calculations for Americas market business using modern reserving tools and methods.
- Data analysis: Analyse historical loss data and trends to inform pricing strategies and ensure accuracy of pricing models.
- Collaboration: Work closely with underwriters, claims professionals, reserving actuaries, and other stakeholders to gather necessary input and provide actuarial insights.
- Commutation pricing: Lead the pricing of commutation deals by developing and applying actuarial models to assess their financial impact.
- Risk assessment: Evaluate risks associated with commutation agreements and recommend measures to mitigate adverse outcomes.
- IFRS valuation: Perform IFRS-compliant valuations of commutation deals to support accurate financial reporting.
- Project work: Lead or contribute to actuarial projects, including system development and the implementation of valuation frameworks such as IFRS 17.
- Continuous improvement: Stay abreast of industry developments and contribute to the ongoing enhancement of actuarial pricing methodologies and tools.
About the Team
The Actuarial & Reserving P&C Americas team is composed of a diverse group of professionals from various cultural backgrounds. We operate in a collaborative environment, working closely with Underwriting, Claims, Finance, Risk, and senior management. We emphasise continuous learning, support knowledge sharing, and encourage innovation in actuarial science.
About You
- 3-5 years of relevant experience in (re)insurance, preferably with exposure to reserving and pricing of commercial business.
- Working towards Associateship or Fellowship designation with CAS.
- Experience in pricing or evaluating commutation agreements is highly desirable.
- Strong analytical and quantitative skills, with proficiency in actuarial modelling.
- Programming skills in R, Python, or similar languages are advantageous.
- Excellent communication and interpersonal skills; comfortable working in multicultural and cross-functional settings.
- Demonstrate ability to manage multiple priorities, work independently, and drive results in a dynamic environment.
The estimated base salary range for this position is $86,000 to $156,000. The specific salary offered for this, or any given role will take into account a number of factors including but not limited to job location, scope of role, qualifications, complexity/specialization/scarcity of talent, experience, education, and employer budget. At Swiss Re, we take a "total compensation approach" when making compensation decisions. This means that we consider all components of compensation in their totality (such as base pay, short-and long-term incentives, and benefits offered), in setting individual compensation.
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: pricing actuary, p&c, actuary, reserving, pricing
Reference Code: 134365