Pricing Actuary at Swiss Re United Kingdom

Bangalore, karnataka, India -

Full Time

Start Date

Immediate

Expiry Date

31 Jan, 26

Salary

0.0

Posted On

02 Nov, 25

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Actuarial Techniques, Data Analysis, Statistical Analysis, Communication Skills, Excel, R, Python, SQL, Portfolio Management, Profitability Analysis, Experience Rating, Exposure Rating, Model Development, Data Transformation, Team Collaboration, Numeracy

Industry

Insurance

Description

About The Role Do you have career aspirations to be a Pricing Actuary in commercial General Insurance space – developing the product know-how and analytical skills vital to improve the profitability of a global Underwriting portfolio? The "Pricing Actuary" is a standout colleague reporting into Lead Actuary Engineering within Actuarial Portfolio Management (APM) Unit to execute the portfolio goals by using data driven techniques. You have good technical Actuarial skills and business understanding to effectively communicate the findings of your analysis to global partners. You demonstrate the highest level of behavioral attributes to be successful in a multi-cultural distributed team. You must be using actuarial methods and techniques to help develop insight into portfolio and trends to set costing parameters for our in-house proprietary Engineering costing models, helping improve the predictability and accuracy of costing the model. You will have a direct impact in helping steer the profitability of your portfolio and ultimately the overall Business Unit's performance Key responsibilities of the role include: Work independently on complex case pricings for transactions requiring Actuarial reviews and communicate effectively the outcome to the stakeholders primarily the case Underwriter. Carry out the quarterly profitability analysis of the portfolio by employing a combination of Actuarial techniques like Experience rating and Exposure rating to evaluate the on-level level performance of the book and projection for future. Build technical portfolio insight capabilities to optimize financial performance management and enhance the views on profitability of sub portfolios across the lines of business. Analyze the portfolios and sub-portfolios by slicing and dicing the data sources and perform statistical analysis on the data to derive portfolio insights. Communicate your results and findings optimally to wider partners including Portfolio Managers, Reserving Actuaries and Finance Planning & Accounting departments Work on Actuarial rate review projects to update the costing parameters of the in-house Swiss Re developed proprietary costing models. Work on Actuarial projects to enhance models and develop models for new perils Work on developing data pipelines, data transformation and analysis for Portfolio analytics, Model reviews and other model enhancements Participate in yearly planning exercise and provide Actuarial inputs for the portfolio. You are encouraged to act with a high level of team spirit, dedication and focus. If you are eager to deploy your results-oriented approach and technical capabilities, to further develop your business understanding and support the ongoing development of the portfolio, work with insurance specialists and other functional partners around the world, you are the right person to join our highly motivated team. About The Team We are a global fraternity of Actuaries spread across the globe in Bangalore, Munich, Zurich, Manchester, London, New York, Windsor and Kansas City. Our team comprises of qualified and student Actuaries who work on the largest portfolio for 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 You have a bachelor's degree in a Quantitative/Numerical subject from a recognized university. You are either a qualified Actuary or on track to be one. You have practical experience of more than 5 years in an Actuarial position ideally in commercial pricing. You have excellent skills in MS Excel and strong programming skills in R/Python or SQL. You have a flair for data and numbers with a high level of numeracy and attention to detail You have excellent communication skills in English and possess ability to convey complex ideas effectively to wider audience. You will have an open-minded, intellectually curious approach to everything you do; and you are likely someone who is continually learning from a variety of sources You have strong team skills and enjoy working with people across the globe. 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. .swissre_footer { position: relative; margin-top: -50px; height: 30px; clear: both; margin-bottom: 20px; background: #EEE none repeat scroll 0% 0%; line-height: 30px; padding: 0px 10px; color: #AAA; font-family: "Arial,Helvetica,sans-serif"; } .swissre_jobtemplate { width: 970px; max-width: 100%; height: auto; } .jobDisplay .job { font-family: "Arial" !important; font-size: 12px !important; } .joqReqDescription { max-width: 100%; height: auto; align: center; } .joqReqDescription ul { width: 787px; max-width: 100%; } .joqReqDescription p { width: 827px; max-width: 100%; } Keywords: Reference Code: 134406

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Responsibilities

The Pricing Actuary will work independently on complex case pricings and carry out quarterly profitability analysis of the portfolio. They will analyze portfolios and communicate findings to stakeholders, while also working on actuarial projects to enhance models and develop new ones.