Share this Job

Armonk, NY, US Boston, MA, US

Associate Actuarial Analyst

About iptiQ


Become a part of a growing and dynamic entrepreneurial team within the iptiQ Department of the established Swiss Re Group. iptiQ is a key pillar of the Swiss Re company, established to provide innovative protection solutions directly to consumers. Working closely with our partners and clients to deliver insurance products using our customizable technology platform, our mission is to reduce the protection gap by simplifying insurance and making it more accessible to more people. iptiQ named as one of the “Top 25 Insures” in 2020 by CIO Applications magazine.


Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. iptiQ embraces 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.



About the role


In this role, you will grow your understanding of life insurance products and fundamental actuarial competencies. This role will involve the pricing and implementation of new life insurance products and riders, profitability analysis of life products and assumption development. This role is expected to develop knowledge and solutions for customers, business partners and iptiQ. Will interact frequently with stakeholders within iptiQ and Swiss Re, as well as, external parties. Our Actuarial Development Program is designed to provide students with work assignments and projects that are challenging, educational and promote personal and professional development. Full support for Actuarial Exams including Study Time and Exam fee reimbursement, as well as salary increases for Exam progression are provided. In addition, a competitive and attractive benefits package is offered through Swiss Re.

About the team


The iptiQ Americas Pricing Team is a part of the iptiQ Global department of Swiss Re. The team develops and prices Life and Health products that are innovative protection solutions sold directly to consumers to close the protection gap in the U.S. This is an exciting, dynamic team with Actuaries who possess the highest level of expertise in the industry, and plays a key role in driving the business forward. The Pricing team works closely with various areas throughout the iptiQ organization as well as Swiss Re. The team is based in Armonk but can provide flexibility to work in the NYC office as well as remotely part-time.


Job responsibilities


  • Support the research and implementation of new Life Insurance products and riders for iptiQ Americas.
  • Assist with pricing new Life insurance products for the US market.
  • Perform pricing projections and profit analyses using MG-ALFA and Excel.
  • Assist with developing and testing new pricing assumptions.
  • Perform competitive analysis to assess the competitiveness of new products.
  • Perform ad hoc profitability analysis to support the business.
  • Compliance with the provisions of the Actuarial Development Program, including but not limited to exam progression.



About you


  • Minimum four-year degree in mathematics, statistics, actuarial science, economics, finance, computer science or related field with proven mathematical skills and analytical ability; additional course work in computer programming, data science or statistical analysis, business and/or communications will be a plus.
  • Knowledge of actuarial concepts and principles, demonstrated by passing 2 or more actuarial exams.
  • Prior experience in an Actuarial internship or entry-level Actuarial position a plus.
  • Strong technical skills. Software experience includes Excel and Visual Basic. Actuarial software such as MG-ALFA, Prophet or AXIS preferred. Experience with Python, R or SAS a plus.

Ability to communicate effectively, clearly and transparently to a variety of audiences


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.


Reference Code: 109560 

Nearest Major Market: White Plains
Nearest Secondary Market: New York City

Job Segment: Actuarial, Entry Level Actuarial, Statistics, Accounting, Insurance, Data, Research, Finance