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Location: 

Armonk, NY, US Kansas City, MO, US Schaumburg, IL, US

Senior Pricing Actuary/Underwriter

 


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.

At Swiss Re we combine experience with creative thinking and cutting-edge expertise to create new opportunities and solutions for our clients. This is possible thanks to the collaboration of more than 13,000 employees across the world.

We offer a flexible working environment where curious and adaptable people thrive. Are you interested in joining us?

 

About the Role

 

We are seeking to hire an actuary with strong Casualty underwriting knowledge. This position requires technical underwriting and pricing skills with a strong understanding of insurance and reinsurance concepts.  This person will be empowered to take initiative, work independently at times and collaborate within our cross functional teams. 

 

Primary responsibility is to underwrite and service both new and renewal treaty business exercising independent judgement based on comprehensive analysis of reinsurance submissions including terms, conditions and coverage intent.  Relevant lines of business include general liability, motor/ automobile liability, workers compensation and umbrella liability.

 

The job activities include the following:

  • Underwrite terms and conditions of new and renewal account by collecting, reviewing and analyzing treaty information in line with risk appetite.
  • Analyzing and performing deal pricing and peer review by quantifying the impact of various contract features, underwriting exposures and legal, regulatory and societal trends.
  • Summarizing and validating client submission data, analyzing and handling large volumes of data.
  • Effectively communicating the pricing analysis to the cross-functional deal teams including senior management.
  • Make presentations to senior management on larger accounts with the ability to articulate and support the underwriting thought process in a clear, cohesive and succinct manner.
  • Gain proficiency with our internal pricing and modelling tools to establish appropriate pricing and options on accounts in various structures and line of business.
  • Ability to work on a range of accounts including complex deal structures and large structured transactions.
  • Contribute to deal negotiation strategy, providing constructive feedback and alternative options when required.
  • Execute strategic underwiring plans aligned with premium and profitability objectives.
  • Participate in broker and client renewal calls, meetings and underwriting audits.
  • Contribute to the testing of pricing tools, updating parameters as loss trend assumptions and other ad hoc projects.

 

 

About the Team

The US Global client segment is responsible for some of largest treaties and most strategic client relationships across direct and broker-produced channels. The team includes senior actuaries and underwriters who work with corresponding client managers and other functions including claims, risk management, reserving, contracts specialists and legal. The team is based across Armonk, NY, Schaumburg IL and Kansas City, MO and works with stakeholders in a number of Swiss Re offices including NY and CA.

 

***This position can be based in Armonk, NY, Schaumburg, IL or Kansas City, MO***

 

About You

  • 7-15 years of reinsurance treaty pricing/underwriting experience in Casualty lines of business
  • Associate or Fellow of the Casualty Actuarial Society (ACAS, FCAS) desirable or someone with strong analytical/quantitative experience.
  • Bachelor's degree; an advanced degree and/or insurance designations are preferred.
  • Outstanding communication & organizational skills is essential; ability to present complex ideas/analysis to a range internal stakeholders and externally with clients and brokers.
  • Excellent understand of reinsurance markets, placement structures and underwriting approaches.
  • An area of expertise, this could pertain to pricing/underwriting a line or class of business.
  • Ability to lead external meetings with clients and brokers on technical matters with actuaries & underwriters
  • Ability and desire to work effectively in a team oriented environment with other actuaries, underwriters and account executives in a collaborative and open manner.
  • Ability to incorporate forward looking views of the market and commercialism in underwriting decisions
  • Natural desire and curiosity to continually learn and self-develop
  • Limited US domestic travel expected for client purposes (post COVID-19)

 

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: 
Reference Code: 95163 

 

 


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

Job Segment: Underwriter, Pricing, Claims, Law, Actuarial, Insurance, Operations, Legal