Description

Location:Munich, DE

Are you passionate about actuarial science and cutting-edge data analytics? Join our dynamic international team where you'll apply your quantitative expertise to support Property and Casualty facultative Underwriting in a challenging and rewarding environment!

About the Role

As a P&C Pricing Actuary, you'll be at the intersection of mathematical modeling and business decision-making, providing critical actuarial insights that drive our underwriting success. Your analytical skills will help shape our approach to risk assessment and pricing strategies.

Key Responsibilities

• Develop and review costing models and parameters, including rate calibrations, trend factors, and frequency/severity models
• Implement and validate parameter and model updates in productive underwriting systems with thorough quality assurance
• Monitor and analyze rating model accuracy on a portfolio level and prioritize necessary updates
• Provide expert advice on actuarial and structuring aspects for complex facultative deals to underwriters worldwide
• Coach and mentor temporary staff, such as interns and colleagues on job rotations

About the Team

The Actuarial Services P&C team is an integral part of the Underwriting Excellence Department. We operate in three key areas: developing robust pricing models for underwriters, conducting Actual versus Expected analysis and leading rate reviews for property and casualty business at industry level, and overseeing methods and tools used for facultative property and casualty business pricing. As the go-to experts for actuarial advice, we perform risk assessments for complicated facultative deals worldwide and sensitive lines of business. Our global team spans Europe, Asia, and North America, with all communication conducted exclusively in English.

About You

You're an analytical thinker with excellent communication skills who can translate complex actuarial concepts into understandable insights for diverse stakeholders. You thrive in collaborative environments and are eager to grow your actuarial expertise while contributing to our team's success.

We are looking for candidates who meet these requirements:

• Master's degree in Mathematics, Statistics, Physics or equivalent quantitative/statistical fields and/or actuarial qualifications
• 1-4 years of experience in insurance or reinsurance in a quantitative role
• Proficient English communication skills (both written and verbal)
• Programming skills in Python, Power BI, R, or SQL

• Intent to pursue actuarial qualification. Ability to translate non-actuarial concepts from underwriters, risk engineers, or wording specialists into actuarial models
• Skill in explaining actuarial techniques in simple terms and training others on costing methods and tools

These are additional nice to haves:

• Experience working in an agile scrum setup
• Additional language skills beyond English
• Basic leadership experience

We are looking forward to your application!

For Germany, the base salary range for this position is between 69'000 EUR and 115'000 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, specialization, skills and experience

In the situation where you do not meet all the requirements or you significantly exceed these, the offered salary may be below or above the advertised range. In addition to your base salary, you may be eligible for additional rewards and benefits including an attractive performance-based annual bonus.

Our company has a hybrid work model where the expectation is that you will be in the office at least three days per week

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.

Keywords:
Reference Code: 137012

Open ZRH-23-13514-P4_Job_Advertisement_Benefits_Germany_970x485 in overlay

Make an impact

Start your career journey with Swiss Re.